Vantage Energy Acquisition Corp Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Vantage Energy Acquisition Corp in the last trading day. The price has risen in 4 of the last 10 days and is up by 0.3% over the past 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the VEAC stock was $10.12.
During day the stock fluctuated 0.40% from a day low at $10.10 to a day high of $10.14.
30 day high of the VEAC stock price was $10.14 and low was $10.05.
90 day high was $10.16 and low was $10.00.
52 week high for the Vantage Energy Acquisition Corp - $10.16 and low - $9.70.
Given the current horizontal trend you can expect Vantage Energy Acquisition Corp with 90% probability to be traded between $10.16 and $10.24 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Vantage Energy Acquisition Corp holds buy signals from both short- and long-term moving averages. In addition, 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 $10.11 and $10.07. A break down below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Vantage Energy Acquisition Corp finds support from accumulated volume at $10.10.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.04 (0.40%) between high and low. For the last week, the stock has had a daily average volatility of 0.20%.
Our recommended stoploss: $9.76 (-3.53%) (This stock has low daily movements and this gives low risk. The RSI14 is 75 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)
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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 this stock to perform well in the short-term period.