Vunani Limited Stock Forecast
Vunani Limited stock upgraded to Sell Candidate.
(Updated on Jun 19, 2024)
No changes to the price of Vunani Limited stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $187.00 to a day high of $187.00. The price has been going up and down for this period, and there has been a -7.88% loss for the last 2 weeks.
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 -22.10% during the next 3 months and, with a 90% probability hold a price between $112.36 and $182.48 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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VUN.JO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vunani Limited 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 $192.71 and $231.20. A break-up above any of these levels will issue buy signals. 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.
A sell signal from a double top formation was found on Thursday, May 30, 2024 with a target of $215.00. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Vunani Limited 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.
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 3.52%
Vunani Limited is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VUN.JO) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Vunani Limited to open at $187.00, and during the day (based on 14 day Average True Range), to move between $173.81 and $200.19, which gives a possible trading interval of +/-$13.19 (+/-7.05%) up or down from last closing price. If Vunani Limited takes out the full calculated possible swing range there will be an estimated 14.10% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $195.00, some $8.00 (4.28%) from the current price of $187.00, our system finds the risk reward not very attractive.
Is Vunani Limited stock A Buy?
Vunani Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.026 Sell Candidate Upgraded
Predicted Opening Price for Vunani Limited of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $187.00 ( 0%) | $187.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VUN.JO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 187.00 | - |
| R2 | 187.00 | - |
| R1 | 187.00 | - |
| Price | 187.00 | |
| S1 | 187.00 | - |
| S2 | 187.00 | - |
| S3 | 187.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 220.00 | 17.65% |
| R2 | 203.00 | 8.56% |
| R1 | 195.00 | 4.28% |
| Price | 187.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
VUN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 22, 2023 | Nov 22, 2023 | Nov 22, 2023 | $9.00 | 3.24% |
| 2 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | $11.00 | 4.07% |
| 3 | Nov 09, 2022 | Nov 09, 2022 | Nov 09, 2022 | $9.00 | 3.02% |
| 4 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | $14.00 | 4.68% |
| 5 | Nov 10, 2021 | Nov 10, 2021 | Nov 10, 2021 | $6.50 | 2.28% |
FAQ
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