VimpelCom Ltd Stock Forecast
VimpelCom Ltd stock price down 0.255% on Friday
(Updated on Apr 26, 2024)
The VimpelCom Ltd stock price fell by -0.255% on the last day (Friday, 26th Apr 2024) from $23.49 to $23.43. During the last trading day the stock fluctuated 1.44% from a day low at $23.17 to a day high of $23.50. The price has fallen in 7 of the last 10 days and is down by -0.8% for this period. Volume has increased on the last day by 1 thousand 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, 14 thousand shares were bought and sold for approximately $326.17 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.77% during the next 3 months and, with a 90% probability hold a price between $22.65 and $29.44 at the end of this 3-month period.
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VEON 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 VimpelCom Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $23.60 and $23.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -10.06%. Further fall is indicated until a new bottom pivot has been found. VimpelCom Ltd 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 VimpelCom Ltd stock
VimpelCom Ltd finds support from accumulated volume at $22.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.333 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VEON) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect VimpelCom Ltd to open at $23.37, and during the day (based on 14 day Average True Range), to move between $22.67 and $24.19, which gives a possible trading interval of +/-$0.761 (+/-3.25%) up or down from last closing price. If VimpelCom Ltd takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.98 (2.35%) than the support at $22.26 (4.99%), 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 VimpelCom Ltd stock A Buy?
The VimpelCom Ltd stock holds several negative signals and despite the positive trend, we believe VimpelCom Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.781 Sell Candidate Unchanged
Predicted Opening Price for VimpelCom Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $23.37 ( 0.274%) | $23.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VEON
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.70 | 1.15 % | |
| R2 | 23.57 | 0.603 % | ||
| R1 | 23.49 | 0.268 % | ||
| Current price: | 23.43 | |||
| Support | S1 | 23.24 | -0.82 % | |
| S2 | 23.16 | -1.15 % | ||
| S3 | 23.03 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.99 | 10.93 % | |
| R2 | 25.93 | 10.67 % | ||
| R1 | 23.98 | 2.35 % | ||
| Current price | 23.43 | |||
| Support | S1 | 22.26 | -4.99% | |
| S2 | 21.96 | -6.27% | ||
| S3 | 21.13 | -9.82% |
VEON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2020 | Feb 26, 2020 | Mar 05, 2020 | $3.75 | 7.43% |
| 2 | Feb 26, 2019 | Mar 07, 2019 | Mar 20, 2019 | $4.25 | 6.77% |
| 3 | Feb 23, 2018 | Mar 02, 2018 | Mar 13, 2018 | $4.25 | 6.30% |
| 4 | Aug 03, 2017 | Aug 10, 2017 | Sep 06, 2017 | $2.75 | 2.63% |
| 5 | Mar 03, 2017 | Mar 28, 2017 | Mar 30, 2017 | $4.88 | 4.81% |
FAQ
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