Stronger Sell Today VNET ranks #4059 as SELL CANDIDATE. Weaker Sell
Today VNET ranks #4059 as SELL CANDIDATE.

VNET stock 21Vianet Group

VNET stock
21Vianet Group

April 25, 2019
Change -0.39%
Chart period: 2019-01-28 - 2019-04-25
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will VNET stock price go up or down on Fri, 26 Apr 2019?

21Vianet Group Forecast and Stock Analysis

Technical VNET stock analysis for April 25, 2019.

Sell candidate since 2019-04-18 Loss -0.26%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.22
ROA -1.94

21Vianet Group fell by -0.39% in the last day from $7.78 to $7.75 The price has risen in 5 of the last 10 days and is up by 8.7% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -55 674 shares and in total 220 529 shares bought and sold for approximately $1.71 million.

Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the VNET stock was $7.75. This is 0.39% less than the trading day before Wednesday, 24th Apr 2019.

During day the stock fluctuated 1.83% from a day low at $7.65 to a day high of $7.79.

30 day high of the VNET stock price was $8.44 and low was $7.00.
90 day high was $11.00 and low was $7.00.
52 week high for the 21Vianet Group - $11.98 and low - $5.01.

Trend

21Vianet Group 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 -19.00% during the next 3 months and, with 90% probability hold a price between $5.50 and $7.11 at the end of this period.

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Signals

Some negative signals were issued as well, and these may have some influence on the near short-term development. 21Vianet Group holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $8.03. On a fall, the stock will find some support from the short-term average at $7.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Wednesday April 24, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A sell signal from a double top formation was found on Wednesday April 17, 2019 and based on theory for this formation the price should fall by -1.42% to $6.56 within 10 trading days since signal was issued (Thursday May 02, 2019).

Relative Strength Index (RSI)

RSI14 is 47 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 $7.27 and $7.20.

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, 21Vianet Group finds support just below today's level at $7.27. If this is broken, then the next support from accumulated volume will be at $7.20 and $7.13.

Support: $7.27 Price: $7.75 Resistance: $7.98

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.14 between high and low, or 1.83%. For the last week, the stock has had a daily average volatility of 3.60%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today VNET ranks #4059 as SELL CANDIDATE. Weaker Sell
Today VNET ranks #4059 as SELL CANDIDATE.