Vintage Wine Estates, Inc. Stock Forecast

High volatility in Vintage Wine Estates, Inc. stock price on Friday which ended trading at $0.262
(Updated on Apr 19, 2024)

VWE Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.85%. 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). Vintage Wine Estates, Inc. 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vintage Wine Estates, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.373. On a fall, the stock will find some support from the short-term average at $0.259. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Vintage Wine Estates, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.245 and $0.241. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vintage Wine Estates, Inc. finds support just below today's level at $0.245. If this is broken, then the next support from accumulated volume will be at $0.241 and $0.241.

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 $0.0320 between high and low, or 12.82%. For the last week, the stock has had daily average volatility of 14.92%.

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

Trading Expectations (VWE) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Vintage Wine Estates, Inc. to open at $0.265, and during the day (based on 14 day Average True Range), to move between $0.225 and $0.299, which gives a possible trading interval of +/-$0.0366 (+/-13.95%) up or down from last closing price. If Vintage Wine Estates, Inc. takes out the full calculated possible swing range there will be an estimated 27.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.270 (3.09%) than the support at $0.245 (6.49%), 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 Vintage Wine Estates, Inc. stock A Buy?

Vintage Wine Estates, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.539 Sell Candidate Unchanged

Predicted Opening Price for Vintage Wine Estates, Inc. of Monday, April 22, 2024

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