Vortex Brands Co. Stock Forecast

Big movements in Vortex Brands Co. stock price on Tuesday moving 50.00% between high and low
(Updated on May 07, 2024)

VTXB Signals & Forecast

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. The Vortex Brands Co. 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 $0.0004 and $0.0006. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -70.00%. Further fall is indicated until a new bottom pivot has been found. Vortex Brands Co. 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 Vortex Brands Co. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0002 between high and low, or 50.00%. For the last week, the stock has had daily average volatility of 32.22%.

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

Trading Expectations (VTXB) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Vortex Brands Co. to open at $0.0004, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0004, which gives a possible trading interval of +/-$0.0001 (+/-34.51%) up or down from last closing price. If Vortex Brands Co. takes out the full calculated possible swing range there will be an estimated 69.02% move between the lowest and the highest trading price during the day.

Is Vortex Brands Co. stock A Buy?

Vortex Brands Co. 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: -8.043 Strong Sell Candidate Downgraded

Predicted Opening Price for Vortex Brands Co. of Wednesday, May 8, 2024

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