VelaTel Global Communications Inc Stock Forecast
A very red day for VelaTel Global Communications Inc stock price after a -37.50% fall in the Tuesday trading session
(Updated on Sep 01, 2020)
The VelaTel Global Communications Inc stock price fell by -37.50% on the last day (Tuesday, 1st Sep 2020) from £0.0008 to £0.0005. During the last trading day the stock fluctuated 0% from a day low at £0.0005 to a day high of £0.0005. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 498 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 498 million shares were bought and sold for approximately £249.00 thousand.
Given the current short-term trend, the stock is expected to fall -17.39% during the next 3 months and, with a 90% probability hold a price between £0.0004 and £0.0006 at the end of this 3-month period.
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VELA.L Signals & Forecast
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. The VelaTel Global Communications Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £0.0007 and £0.0006. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. VelaTel Global Communications Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for VelaTel Global Communications Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)
Trading Expectations (VELA.L) For The Upcoming Trading Day Of Wednesday 2nd
Is VelaTel Global Communications Inc stock A Buy?
VelaTel Global Communications Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 VelaTel Global Communications Inc of Wednesday, September 2, 2020
| Fair opening price September 2, 2020 | Current price |
|---|---|
| £0.0005 ( 0%) | £0.0005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VELA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0005 | . | |
| R2 | 0.0005 | . | ||
| R1 | 0.0005 | . | ||
| Current price: | 0.0005 | |||
| Support | S1 | 0.0005 | . | |
| S2 | 0.0005 | . | ||
| S3 | 0.0005 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0005 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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