VTEX Stock Forecast
Green day on Thursday for VTEX stock after gaining 3.77%
(Updated on Apr 18, 2024)
The VTEX stock price gained 3.77% on the last trading day (Thursday, 18th Apr 2024), rising from $7.43 to $7.71. During the last trading day the stock fluctuated 6.00% from a day low at $7.33 to a day high of $7.77. The price has been going up and down for this period, and there has been a -3.63% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 293 thousand more shares were traded than the day before. In total, 589 thousand shares were bought and sold for approximately $4.54 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.44 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.59% during the next 3 months and, with a 90% probability hold a price between $7.78 and $10.05 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VTEX Signals & Forecast
There are mixed signals in the stock today. The VTEX 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 $7.81 and $8.40. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.77%. 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.
Support, Risk & Stop-loss for VTEX stock
VTEX finds support from accumulated volume at $7.44 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 $0.440 between high and low, or 6.00%. For the last week, the stock has had daily average volatility of 5.18%.
Our recommended stop-loss: $7.34 (-4.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (VTEX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect VTEX to open at $7.60, and during the day (based on 14 day Average True Range), to move between $7.36 and $8.06, which gives a possible trading interval of +/-$0.355 (+/-4.60%) up or down from last closing price. If VTEX takes out the full calculated possible swing range there will be an estimated 9.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.44 (3.50%) than the resistance at $8.41 (9.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VTEX stock A Buy?
VTEX holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.215 Hold/Accumulate Unchanged
Predicted Opening Price for VTEX of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $7.60 ( 1.38%) | $7.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTEX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.04 | 4.32 % | |
| R2 | 7.88 | 2.14 % | ||
| R1 | 7.77 | 0.797 % | ||
| Current price: | 7.71 | |||
| Support | S1 | 7.44 | -3.56 % | |
| S2 | 7.33 | -4.91 % | ||
| S3 | 7.16 | -7.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.41 | 22.05 % | |
| R2 | 8.86 | 14.92 % | ||
| R1 | 8.41 | 9.08 % | ||
| Current price | 7.71 | |||
| Support | S1 | 7.44 | -3.50% | |
| S2 | 7.43 | -3.63% | ||
| S3 | 7.40 | -4.02% |
FAQ
Click here for our free guide on how to buy VTEX Stock.
