Bullish vs. Bearish (7 opinions)
Social Sentiment 0.20
VNET Forecast and Technical Stock Analysis
Buy candidate since 2019-10-14 PDF
21Vianet Group gained 15.79% in the last trading day ( Monday, 14th Oct 2019 ), rising from $7.22 to $8.36 , and has now gained 3 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. During the day the stock fluctuated 15.20% from a day low at $7.50 to a day high of $8.64. The price has risen in 5 of the last 10 days and is up by 9.71% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.21 million more shares were traded than the day before. In total, 1.36 million shares bought and sold for approximately $11.37 million.
- 30 day high of the VNET stock price was $8.82 and low was $7.12.
- 90 day high was $8.87 and low was $6.64.
- 52 week high for 21Vianet Group - $11.98 and low - $6.60.
21Vianet Group lies in the middle of a very wide and strong 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 10.03% during the next 3 months and, with 90% probability hold a price between $7.96 and $10.08 at the end of this period.
Only positive signals in the chart today. 21Vianet Group 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 $7.45 and $7.92. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 54 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $7.77 and $7.28.
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 $7.77. If this is broken, then the next support from accumulated volume will be at $7.28 and $7.02.
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 $1.14 between high and low, or 15.20%. For the last week, the stock has had a daily average volatility of 4.99%.
Our recommended stop-loss: $7.97 (-4.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
4.99 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|VNET $8.36 ($1.14 15.79%)|
VNET is up $1.14 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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