VisionChina Media Stock Forecast
Red day on Monday for VisionChina Media
(Updated on Mar 27, 2017)
No changes to the price of VisionChina Media stock on the last trading day (Monday, 27th Mar 2017). During the last trading day the stock fluctuated 0% from a day low at $2.24 to a day high of $2.24. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -49.74% during the next 3 months and, with a 90% probability hold a price between $0.82 and $1.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VISN Signals & Forecast
There are mixed signals in the stock today. The VisionChina Media 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 $2.24 and $2.83. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, March 06, 2017, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for VisionChina Media stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VISN) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect VisionChina Media to open at $2.24, and during the day (based on 14 day Average True Range), to move between $2.17 and $2.31, which gives a possible trading interval of +/-$0.0715 (+/-3.19%) up or down from last closing price. If VisionChina Media takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.29, some $0.0500 (2.23%) from the current price of $2.24, our system finds the risk reward not very attractive.
Is VisionChina Media stock A Buy?
VisionChina Media 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: -1.575 Sell Candidate Unchanged
Predicted Opening Price for VisionChina Media of Tuesday, March 28, 2017
| Fair opening price March 28, 2017 | Current price |
|---|---|
| $2.24 ( 0%) | $2.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VISN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.24 | . | |
| R2 | 2.24 | . | ||
| R1 | 2.24 | . | ||
| Current price: | 2.24 | |||
| Support | S1 | 2.24 | . | |
| S2 | 2.24 | . | ||
| S3 | 2.24 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.74 | 22.32 % | |
| R2 | 2.72 | 21.43 % | ||
| R1 | 2.29 | 2.23 % | ||
| Current price | 2.24 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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