VivoPower International PLC Stock Forecast
High volatility in VivoPower International PLC stock price on Friday which ended trading at $3.76
(Updated on May 03, 2024)
The VivoPower International PLC stock price gained 1.35% on the last trading day (Friday, 3rd May 2024), rising from $3.71 to $3.76. During the last trading day the stock fluctuated 11.88% from a day low at $3.62 to a day high of $4.05. The price has risen in 6 of the last 10 days and is up by 12.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 93 thousand more shares were traded than the day before. In total, 228 thousand shares were bought and sold for approximately $858.56 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.81 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 86.33% during the next 3 months and, with a 90% probability hold a price between $5.23 and $14.29 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.
VVPR Signals & Forecast
The VivoPower International PLC 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 $3.74 and $3.42. A breakdown below any of these levels will issue sell signals. VivoPower International PLC has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, April 03, 2024, and so far it has fallen -41.34%. 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).
Support, Risk & Stop-loss for VivoPower International PLC stock
VivoPower International PLC finds support from accumulated volume at $3.61 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 $0.430 between high and low, or 11.88%. For the last week, the stock has had daily average volatility of 12.07%.
Our recommended stop-loss: $3.54 (-5.77%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (VVPR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect VivoPower International PLC to open at $3.81, and during the day (based on 14 day Average True Range), to move between $3.22 and $4.30, which gives a possible trading interval of +/-$0.541 (+/-14.38%) up or down from last closing price. If VivoPower International PLC takes out the full calculated possible swing range there will be an estimated 28.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.61 (3.99%) than the resistance at $3.96 (5.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VivoPower International PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for VivoPower International PLC stock to perform well in the short-term.
Current score: 4.865 Buy Candidate Unchanged
Predicted Opening Price for VivoPower International PLC of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3.81 ( 1.33%) | $3.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VVPR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.24 | 12.77 % | |
| R2 | 4.08 | 8.40 % | ||
| R1 | 3.97 | 5.70 % | ||
| Current price: | 3.76 | |||
| Support | S1 | 3.65 | -3.04 % | |
| S2 | 3.54 | -5.74 % | ||
| S3 | 3.38 | -10.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.66 | 23.94 % | |
| R2 | 3.98 | 5.85 % | ||
| R1 | 3.96 | 5.32 % | ||
| Current price | 3.76 | |||
| Support | S1 | 3.61 | -3.99% | |
| S2 | 3.46 | -7.98% | ||
| S3 | 3.33 | -11.44% |
FAQ
Click here for our free guide on how to buy VivoPower International PLC Stock.
