Victory Square Technologies Inc. Stock Forecast
Weaker technical forecast for Victory Square Technologies Inc. as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
No changes to the price of Victory Square Technologies Inc. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 4.55% from a day low at $0.110 to a day high of $0.115. The price has fallen in 5 of the last 10 days and is down by -8.33% for this period.
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 -10.59% during the next 3 months and, with a 90% probability hold a price between $0.0817 and $0.105 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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VST.CN Signals & Forecast
The Victory Square Technologies Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.111. On a fall, the stock will find some support from the long-term average at approximately $0.108. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 14, 2024, and so far it has fallen -8.33%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Victory Square Technologies Inc. stock
Victory Square Technologies Inc. finds support from accumulated volume at $0.105 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0050 between high and low, or 4.55%. For the last week the stock has had daily average volatility of 5.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VST.CN) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Victory Square Technologies Inc. to open at $0.112, and during the day (based on 14 day Average True Range), to move between $0.102 and $0.118, which gives a possible trading interval of +/-$0.0081 (+/-7.40%) up or down from last closing price. If Victory Square Technologies Inc. takes out the full calculated possible swing range there will be an estimated 14.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.115 (4.55%) than the support at $0.105 (4.55%), 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 Victory Square Technologies Inc. stock A Buy?
Victory Square Technologies Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.633 Sell Candidate Downgraded
Predicted Opening Price for Victory Square Technologies Inc. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $0.112 ( 1.52%) | $0.110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VST.CN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.117 | 6.06% |
| R2 | 0.115 | 4.32% |
| R1 | 0.114 | 3.25% |
| Price | 0.110 | |
| S1 | 0.110 | -0.221% |
| S2 | 0.109 | -1.29% |
| S3 | 0.107 | -3.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.125 | 13.64% |
| R2 | 0.120 | 9.09% |
| R1 | 0.115 | 4.55% |
| Price | 0.110 | |
| S1 | 0.105 | -4.55% |
| S2 | 0.100 | -9.09% |
| S3 | 0 | - |
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