VNET Forecast and Technical Stock Analysis
Sell candidate since 2019-11-25 Loss -2.82% PDF
21Vianet Group gained 0.84% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $7.18 to $7.24 , 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 2.22% from a day low at $7.20 to a day high of $7.36. The price has been going up and down for this period, and there has been a 2.99% gain for the last 2 weeks. Volume fell in the last day by -1 234 625 shares and in total, 153 591 shares bought and sold for approximately $1.11 million. 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.
- 30 day high of the VNET stock price was $8.29 and low was $6.50.
- 90 day high was $8.85 and low was $6.50.
- 52 week high for 21Vianet Group - $11.00 and low - $6.50.
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 -11.62% during the next 3 months and, with 90% probability hold a price between $5.66 and $7.15 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday December 03, 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. 21Vianet Group holds a buy signal 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 $7.72. On a fall, the stock will find some support from the short-term average at $6.99. 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. 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 also not.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 44 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
21Vianet Group finds support from accumulated volume at $7.18.
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 $0.16 between high and low, or 2.22%. For the last week the stock has had a daily average volatility of 2.59%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.59 %Average volatility
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|VNET $7.24 ($0.06 0.84%)|
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