VS MEDIA Holdings Limited Stock Forecast
High volatility in VS MEDIA Holdings Limited stock price on Friday which ended trading at $0.418
(Updated on May 17, 2024)
The VS MEDIA Holdings Limited stock price gained 10.08% on the last trading day (Friday, 17th May 2024), rising from $0.380 to $0.418. It has now gained 4 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 14.26% from a day low at $0.385 to a day high of $0.440. The price has risen in 6 of the last 10 days and is up by 7.28% 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, 217 thousand more shares were traded than the day before. In total, 379 thousand shares were bought and sold for approximately $158.47 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.420 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.58% during the next 3 months and, with a 90% probability hold a price between $0.257 and $0.363 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VSME Signals & Forecast
The VS MEDIA Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.382 and $0.397. A breakdown below any of these levels will issue sell signals. VS MEDIA Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -6.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for VS MEDIA Holdings Limited stock
VS MEDIA Holdings Limited finds support from accumulated volume at $0.410 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0549 between high and low, or 14.26%. For the last week, the stock has had daily average volatility of 8.05%.
Our recommended stop-loss: $0.398 (-4.95%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (VSME) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect VS MEDIA Holdings Limited to open at $0.415, and during the day (based on 14 day Average True Range), to move between $0.379 and $0.458, which gives a possible trading interval of +/-$0.0397 (+/-9.48%) up or down from last closing price. If VS MEDIA Holdings Limited takes out the full calculated possible swing range there will be an estimated 18.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.410 (1.96%) than the resistance at $0.440 (5.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VS MEDIA Holdings Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.332 Buy Candidate Upgraded
Predicted Opening Price for VS MEDIA Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.415 ( 0.93%) | $0.418 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VSME
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.469 | 12.19 % | |
| R2 | 0.448 | 7.18 % | ||
| R1 | 0.435 | 4.08 % | ||
| Current price: | 0.418 | |||
| Support | S1 | 0.394 | -5.94 % | |
| S2 | 0.381 | -9.04 % | ||
| S3 | 0.360 | -14.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.506 | 20.94 % | |
| R2 | 0.449 | 7.27 % | ||
| R1 | 0.440 | 5.16 % | ||
| Current price | 0.418 | |||
| Support | S1 | 0.410 | -1.96% | |
| S2 | 0.390 | -6.79% | ||
| S3 | 0.359 | -14.20% |
FAQ
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