Vintage Wine Estates, Inc. Stock Forecast
Volatile ride for Vintage Wine Estates, Inc. stock price on Thursday moving between $0.235 and $0.387
(Updated on May 02, 2024)
The Vintage Wine Estates, Inc. stock price gained 55.17% on the last trading day (Thursday, 2nd May 2024), rising from $0.232 to $0.360. During the last trading day the stock fluctuated 64.63% from a day low at $0.235 to a day high of $0.387. The price has been going up and down for this period, and there has been a 46.94% 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, 517 thousand more shares were traded than the day before. In total, 778 thousand shares were bought and sold for approximately $280.07 thousand.
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 -39.30% during the next 3 months and, with a 90% probability hold a price between $0.111 and $0.252 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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VWE Signals & Forecast
The Vintage Wine Estates, 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 $0.242 and $0.307. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 80.00%. 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Vintage Wine Estates, Inc. stock
Vintage Wine Estates, Inc. finds support from accumulated volume at $0.350 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 $0.152 between high and low, or 64.63%. For the last week, the stock has had daily average volatility of 32.50%.
Our recommended stop-loss: $0.346 (-3.78%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (VWE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Vintage Wine Estates, Inc. to open at $0.327, and during the day (based on 14 day Average True Range), to move between $0.310 and $0.410, which gives a possible trading interval of +/-$0.0504 (+/-14.00%) 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 28.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.365 (1.39%) than the support at $0.350 (2.75%), 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.
Earnings coming up
Vintage Wine Estates, Inc. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Vintage Wine Estates, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.84% in the first trading day after earnings release.
Is Vintage Wine Estates, Inc. stock A Buy?
Vintage Wine Estates, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vintage Wine Estates, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.327 ( 9.04%) | $0.360 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VWE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.479 | 33.19 % | |
| R2 | 0.421 | 17.06 % | ||
| R1 | 0.386 | 7.09 % | ||
| Current price: | 0.360 | |||
| Support | S1 | 0.269 | -25.17 % | |
| S2 | 0.234 | -35.13 % | ||
| S3 | 0.175 | -51.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.440 | 22.22 % | |
| R2 | 0.400 | 11.11 % | ||
| R1 | 0.365 | 1.39 % | ||
| Current price | 0.360 | |||
| Support | S1 | 0.350 | -2.75% | |
| S2 | 0.333 | -7.42% | ||
| S3 | 0.313 | -13.06% |
FAQ
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