VKTXW Forecast and Stock Analysis
Technical VKTXW stock analysis for March 19, 2019.
VKTXW gained 1.58% in the last trading day, rising from $6.94 to $7.05 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days , but is still down by -0.28% for this period. Volume fell in the last day by -38 156 shares, and in total, 3 446 shares bought and sold for approximately $24 294.30. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the VKTXW stock was $7.05. This is 1.58% more than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 1.29% from a day low at $7.00 to a day high of $7.09.
30 day high of the VKTXW stock price was $7.78 and low was $6.00.
90 day high was $7.87 and low was $5.47.
52 week high for the VKTXW - $25.00 and low - $2.12.
VKTXW lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.57% during the next 3 months and, with 90% probability hold a price between $6.45 and $8.40 at the end of this period.
VKTXW holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $6.52 and $6.80. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 14, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
VKTXW finds support from accumulated volume at $6.94.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.09 between high and low, or 1.29%. For the last week the stock has had a daily average volatility of 2.45%.
Our recommended stoploss: $6.75 (-4.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
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VKTXW holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.