Vintage Wine Estates, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Vintage Wine Estates, Inc. stock price on Tuesday moving between $0.0071 and $0.0122
(Updated on Jun 25, 2024)
The Vintage Wine Estates, Inc. stock price gained 30.43% on the last trading day (Tuesday, 25th Jun 2024), rising from $0.0092 to $0.0120. During the last trading day the stock fluctuated 71.83% from a day low at $0.0071 to a day high of $0.0122. The price has fallen in 6 of the last 10 days but is still up by 36.36% over the past 2 weeks. Volume fell on the last day by -51 thousand shares and in total, 16 thousand shares were bought and sold for approximately $187.91 . 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Vintage Wine Estates, Inc. stock with a 90% probability to be traded between $0.0057 and $0.0148 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.
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 $0.0105 and $0.0096. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 110.53%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $0.0110 and $0.0109. 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 $0.0110. If this is broken, then the next support from accumulated volume will be at $0.0109 and $0.0100.
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 $0.0051 between high and low, or 71.83%. For the last week the stock has had daily average volatility of 31.13%.
Our recommended stop-loss: $0.0116 (-3.32%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (VWEWW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Vintage Wine Estates, Inc. to open at $0.0104, and during the day (based on 14 day Average True Range), to move between $0.0095 and $0.0145, which gives a possible trading interval of +/-$0.0025 (+/-21.13%) 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 42.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0125 (4.17%) than the support at $0.0110 (8.33%), 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?
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 Vintage Wine Estates, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.268 Buy Candidate Upgraded
Predicted Opening Price for Vintage Wine Estates, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.0104 ( 13.06%) | $0.0120 |
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 | 0.0155 | 29.44% |
| R2 | 0.0136 | 13.21% |
| R1 | 0.0124 | 3.18% |
| Price | 0.0120 | |
| S1 | 0.0085 | -29.29% |
| S2 | 0.0073 | -39.32% |
| S3 | 0.0053 | -55.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.0148 | 23.33% |
| R1 | 0.0125 | 4.17% |
| Price | 0.0120 | |
| S1 | 0.0110 | -8.33% |
| S2 | 0.0109 | -9.17% |
| S3 | 0.0100 | -16.67% |
FAQ
Click here for our free guide on how to buy Vintage Wine Estates, Inc. Stock.
