V2x, Inc. Stock Forecast
A very strong day for V2x, Inc. stock price on Friday
(Updated on Jun 21, 2024)
The V2x, Inc. stock price gained 5.34% on the last trading day (Friday, 21st Jun 2024), rising from $47.20 to $49.72. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.73% from a day low at $47.64 to a day high of $50.37. The price has been going up and down for this period, and there has been a 5.79% gain 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, 262 thousand more shares were traded than the day before. In total, 384 thousand shares were bought and sold for approximately $19.07 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect V2x, Inc. stock with a 90% probability to be traded between $45.30 and $53.33 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VVX Signals & Forecast
Mostly positive signals in the chart today. The V2x, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $46.78 and $47.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 12.06%. 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 V2x, Inc. stock
V2x, Inc. finds support from accumulated volume at $48.55 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.73 between high and low, or 5.73%. For the last week the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: $47.81 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (VVX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect V2x, Inc. to open at $49.24, and during the day (based on 14 day Average True Range), to move between $48.27 and $51.17, which gives a possible trading interval of +/-$1.45 (+/-2.91%) up or down from last closing price. If V2x, Inc. takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.90 (0.36%) than the support at $48.55 (2.35%), 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.
Is V2x, Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for V2x, Inc. stock to perform well in the short-term period.
Current score: 1.592 Buy Candidate Unchanged
Predicted Opening Price for V2x, Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $49.24 ( 0.96%) | $49.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VVX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.97 | 4.53% |
| R2 | 50.93 | 2.43% |
| R1 | 50.29 | 1.14% |
| Price | 49.72 | |
| S1 | 48.20 | -3.06% |
| S2 | 47.56 | -4.35% |
| S3 | 46.51 | -6.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.65 | 3.88% |
| R2 | 50.33 | 1.23% |
| R1 | 49.90 | 0.362% |
| Price | 49.72 | |
| S1 | 48.55 | -2.35% |
| S2 | 48.00 | -3.46% |
| S3 | 46.60 | -6.28% |
FAQ
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