RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VEON
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Green day on Wednesday for VimpelCom Ltd
(Updated on Mar 27, 2024)

Sell candidate since Mar 20, 2024 Gain 0.42% PDF

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.

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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


# Declaration Date 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

What is the symbol for VimpelCom Ltd Stock and on which exchange is it traded?
The symbol for VimpelCom Ltd is VEON and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell VimpelCom Ltd Stock?
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.

How to buy VimpelCom Ltd Stock?
VimpelCom Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy VimpelCom Ltd Stock.

What's the current price of VimpelCom Ltd Stock?
As of the end of day on the 2024-03-27, the price of an VimpelCom Ltd (VEON) share was $23.85.

What is the 52-week high and low for VimpelCom Ltd Stock?
The 52-week high for VimpelCom Ltd Stock is $26.68 and the 52-week low is $14.50.

What is the market capitalization of VimpelCom Ltd Stock?
As of the 2024-03-27, the market capitalization of VimpelCom Ltd is 783.728M.
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About VimpelCom Ltd

VimpelCom Ltd VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice, data, and other telecommunication services through a range of wireless, fixed, and broadband internet services. The company provides value-added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance, machine-to-machi... VEON Profile

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