Vast Renewables Limited Ordinary Shares Stock Forecast

Vast Renewables Limited Ordinary Shares stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)

VSTE Signals & Forecast

There are few to no technical positive signals at the moment. The Vast Renewables Limited Ordinary Shares stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.38 and $2.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -49.22%. 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). Vast Renewables Limited Ordinary Shares gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Vast Renewables Limited Ordinary Shares stock

Vast Renewables Limited Ordinary Shares finds support from accumulated volume at $2.26 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 $0.0954 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 12.58%.

Vast Renewables Limited Ordinary Shares is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VSTE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Vast Renewables Limited Ordinary Shares to open at $2.29, and during the day (based on 14 day Average True Range), to move between $1.84 and $2.72, which gives a possible trading interval of +/-$0.442 (+/-19.41%) up or down from last closing price. If Vast Renewables Limited Ordinary Shares takes out the full calculated possible swing range there will be an estimated 38.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.26 (0.88%) than the resistance at $2.33 (2.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vast Renewables Limited Ordinary Shares stock A Buy?

Vast Renewables Limited Ordinary Shares holds several negative signals and is within a very wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.

Current score: -5.098 Strong Sell Candidate Downgraded

Predicted Opening Price for Vast Renewables Limited Ordinary Shares of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.