VimpelCom Ltd Forecast and Stock Analysis
Technical VEON stock analysis for Wednesday May 22, 2019.
|Price to book||USD 1.08|
|Next Earnings Date||2019-08-01|
No changes to the price of VimpelCom Ltd in the last trading day ( Wednesday, 22nd May 2019 ). During day the stock fluctuated 1.84% from a day low at $2.44 to a day high of $2.49. The price has risen in 5 of the last 10 days and is up by 2.5% over the past 2 weeks.
- 30 day high of the VEON stock price was $2.53 and low was $2.28.
- 90 day high was $2.61 and low was $2.07.
- 52 week high for the VimpelCom Ltd - $3.15 and low - $2.07.
VimpelCom Ltd lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.52 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.65% during the next 3 months and, with 90% probability hold a price between $1.96 and $2.43 at the end of this period.
Only positive signals in the chart today. VimpelCom Ltd 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 $2.44 and $2.32. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $2.17 and $2.15.
There is 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, VimpelCom Ltd finds support just below today's level at $2.17. If this is broken, then the next support from accumulated volume will be at $2.15 and $2.14.
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 (1.84%) between high and low. For the last week, the stock has had a daily average volatility of 3.27%.
Our recommended stoploss: $2.32 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
3.27 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, 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.
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|VEON $2.46 ($0.00 0.00%)|
VEON is down $0.00 today, but where's it headed in 2019?
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