Victoria's Secret & Co. Stock Forecast
Victoria's Secret & Co. stock price up 2.32% on Thursday
(Updated on Mar 28, 2024)
The Victoria's Secret & Co. stock price gained 2.32% on the last trading day (Thursday, 28th Mar 2024), rising from $18.94 to $19.38. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.56% from a day low at $18.84 to a day high of $19.51. The price has risen in 6 of the last 10 days and is up by 2.27% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 469 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $42.34 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.07% during the next 3 months and, with a 90% probability hold a price between $13.77 and $23.02 at the end of this 3-month period.
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VSCO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 7.61%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Victoria's Secret & Co. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $24.18. On a fall, the stock will find some support from the short-term average at $19.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Victoria's Secret & Co. stock
Victoria's Secret & Co. finds support from accumulated volume at $18.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.670 between high and low, or 3.56%. For the last week, the stock has had daily average volatility of 4.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VSCO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Victoria's Secret & Co. to open at $19.24, and during the day (based on 14 day Average True Range), to move between $18.20 and $20.56, which gives a possible trading interval of +/-$1.18 (+/-6.11%) up or down from last closing price. If Victoria's Secret & Co. takes out the full calculated possible swing range there will be an estimated 12.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.42 (0.21%) than the support at $18.67 (3.66%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Victoria's Secret & Co. stock A Buy?
Victoria's Secret & Co. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.313 Sell Candidate Unchanged
Predicted Opening Price for Victoria's Secret & Co. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$19.24 ( 0.705%) | $19.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VSCO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.91 | 2.75 % | |
R2 | 19.66 | 1.43 % | ||
R1 | 19.50 | 0.615 % | ||
Current price: | 19.38 | |||
Support | S1 | 18.99 | -2.03 % | |
S2 | 18.83 | -2.84 % | ||
S3 | 18.57 | -4.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.13 | 24.51 % | |
R2 | 20.01 | 3.25 % | ||
R1 | 19.42 | 0.206 % | ||
Current price | 19.38 | |||
Support | S1 | 18.67 | -3.66% | |
S2 | 18.12 | -6.50% | ||
S3 | 18.01 | -7.07% |
FAQ
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