Vtech Holdings Limited Stock Forecast
Vtech Holdings Limited stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
No changes to the price of Vtech Holdings Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $6.28 to a day high of $6.28. The price has been going up and down for this period, and there has been a 5.55% gain for the last 2 weeks.
The stock lies in the upper part of a wide and weak rising 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 $6.35 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.31% during the next 3 months and, with a 90% probability hold a price between $5.59 and $6.56 at the end of this 3-month period.
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VTKLY Signals & Forecast
The Vtech Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.24 and $5.92. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, May 14, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Wednesday, March 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 27, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, March 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 27, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, March 27, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 27, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Monday, March 11, 2024 with a target of $6.21. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Vtech Holdings Limited stock
Vtech Holdings Limited finds support from accumulated volume at $6.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.484%
Our recommended stop-loss: $6.03 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (VTKLY) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Vtech Holdings Limited to open at $6.28, and during the day (based on 14 day Average True Range), to move between $6.17 and $6.39, which gives a possible trading interval of +/-$0.113 (+/-1.80%) up or down from last closing price. If Vtech Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.34 (1.02%) than the support at $6.08 (3.22%), 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.
Earnings coming up
Vtech Holdings Limited will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Vtech Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0% in the first trading day after earnings release.
Is Vtech Holdings Limited stock A Buy?
Vtech Holdings Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vtech Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $6.28 ( 0%) | $6.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTKLY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.28 | . | |
| R2 | 6.28 | . | ||
| R1 | 6.28 | . | ||
| Current price: | 6.28 | |||
| Support | S1 | 6.28 | . | |
| S2 | 6.28 | . | ||
| S3 | 6.28 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 6.34 | 1.02 % | ||
| Current price | 6.28 | |||
| Support | S1 | 6.08 | -3.22% | |
| S2 | 6.06 | -3.50% | ||
| S3 | 5.90 | -5.99% |
VTKLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 06, 2023 | Dec 06, 2023 | Jan 04, 2024 | $0.150 | 2.51% |
| 2 | Jul 20, 2023 | Jul 20, 2023 | Aug 18, 2023 | $0.420 | 7.12% |
| 3 | Dec 01, 2022 | Dec 01, 2022 | Dec 30, 2022 | $0.170 | 2.69% |
| 4 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | $0.510 | 6.99% |
| 5 | Dec 03, 2021 | Dec 03, 2021 | Dec 03, 2021 | $0.170 | 2.14% |
FAQ
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