VimpelCom Ltd Stock Forecast
Green day on Wednesday for VimpelCom Ltd
(Updated on Mar 27, 2024)
The VimpelCom Ltd stock price gained 3.16% on the last trading day (Wednesday, 27th Mar 2024), rising from $23.12 to $23.85. During the last trading day the stock fluctuated 3.81% from a day low at $23.09 to a day high of $23.97. The price has fallen in 7 of the last 10 days and is down by -5.84% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately $672.28 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 36.66% during the next 3 months and, with a 90% probability hold a price between $31.60 and $38.84 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VEON Signals & Forecast
There are mixed signals in the stock today. The VimpelCom Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $24.29. On a fall, the stock will find some support from the short-term average at $23.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -8.45%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). VimpelCom Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for VimpelCom Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $22.26 and $21.96. There is a 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 $22.26. If this is broken, then the next support from accumulated volume will be at $21.96 and $21.13.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.88 between high and low, or 3.81%. For the last week, the stock has had daily average volatility of 4.14%.
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 Thursday 28th
For the upcoming trading day on Thursday, 28th we expect VimpelCom Ltd to open at $23.64, and during the day (based on 14 day Average True Range), to move between $22.87 and $24.83, which gives a possible trading interval of +/-$0.98 (+/-4.10%) up or down from last closing price. If VimpelCom Ltd takes out the full calculated possible swing range there will be an estimated 8.20% 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 (0.55%) than the support at $22.26 (6.67%), 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?
VimpelCom Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.453 Sell Candidate Unchanged
Predicted Opening Price for VimpelCom Ltd of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$23.64 ( 0.89%) | $23.85 |
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 | 24.52 | 2.80 % | |
R2 | 24.18 | 1.39 % | ||
R1 | 23.97 | 0.515 % | ||
Current price: | 23.85 | |||
Support | S1 | 23.30 | -2.30 % | |
S2 | 23.09 | -3.17 % | ||
S3 | 22.76 | -4.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 25.99 | 8.97 % | |
R2 | 25.93 | 8.72 % | ||
R1 | 23.98 | 0.545 % | ||
Current price | 23.85 | |||
Support | S1 | 22.26 | -6.67% | |
S2 | 21.96 | -7.92% | ||
S3 | 21.13 | -11.40% |
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
Click here for our free guide on how to buy VimpelCom Ltd Stock.