Wednesday May 22, 2019 Change 0.00% Price $2.46
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will VEON stock price go up or down on Fri, 24 May 2019?

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VimpelCom Ltd Forecast and Stock Analysis

Technical VEON stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-21
Shorts n/a
Insider % n/a
Institutional % 18.20%
Beta 0.78
ROA 7.04%
Price to book USD 1.08
P/E Ratio -47.62
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.

Quick summary:

  • 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.

Trend

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.

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Signals

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.

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A buy signal from a double bottom formation was found on Tuesday May 14, 2019 with a target of $2.45. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $2.17 Price: $2.46 Resistance: $2.49

Risk

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

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today VEON ranks #1033 as BUY CANDIDATE #1033 Stronger Buy
VEON $2.46 ($0.00 0.00%)
VEON is down $0.00 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for VEON based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will VEON stock price go up or down
on Fri, 24 May 2019?

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