Vintage Wine Estates, Inc. Stock Forecast
High volatility in Vintage Wine Estates, Inc. stock price on Monday which ended trading at $0.0109
(Updated on Jun 17, 2024)
The Vintage Wine Estates, Inc. stock price gained 5.83% on the last trading day (Monday, 17th Jun 2024), rising from $0.0103 to $0.0109. During the last trading day the stock fluctuated 23.00% from a day low at $0.0100 to a day high of $0.0123. The price has fallen in 6 of the last 10 days but is still up by 12.37% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 16 thousand shares were bought and sold for approximately $173.59 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -11.88% during the next 3 months and, with a 90% probability hold a price between $0.0047 and $0.0118 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.
VWEWW 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. 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 $0.0099 and $0.0093. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, June 12, 2024, and so far it has fallen -0.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
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 $0.0100 and $0.0091. 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 $0.0100. If this is broken, then the next support from accumulated volume will be at $0.0091 and $0.0083.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0023 between high and low, or 23.00%. For the last week the stock has had daily average volatility of 25.42%.
Our recommended stop-loss: $0.0105 (-3.50%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (VWEWW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Vintage Wine Estates, Inc. to open at $0.0111, and during the day (based on 14 day Average True Range), to move between $0.0085 and $0.0133, which gives a possible trading interval of +/-$0.0024 (+/-22.22%) 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 44.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0110 (0.92%) than the support at $0.0100 (8.26%), 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 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.
Current score: 0.290 Hold/Accumulate Unchanged
Predicted Opening Price for Vintage Wine Estates, Inc. of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
$0.0111 ( 1.53%) | $0.0109 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VWEWW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0134 | 22.63% |
R2 | 0.0125 | 14.57% |
R1 | 0.0119 | 9.59% |
Price | 0.0109 | |
S1 | 0.0102 | -6.53% |
S2 | 0.0096 | -11.51% |
S3 | 0.0088 | -19.57% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0125 | 14.68% |
R2 | 0.0117 | 7.34% |
R1 | 0.0110 | 0.92% |
Price | 0.0109 | |
S1 | 0.0100 | -8.26% |
S2 | 0.0091 | -16.51% |
S3 | 0.0083 | -23.85% |
FAQ
Click here for our free guide on how to buy Vintage Wine Estates, Inc. Stock.