21Vianet Group Inc Stock Forecast
Red day on Friday for 21Vianet Group Inc
(Updated on Apr 19, 2024)
The 21Vianet Group Inc stock price fell by -0.394% on the last day (Friday, 19th Apr 2024) from £101.40 to £101.00. During the last trading day the stock fluctuated 0.347% from a day low at £101.00 to a day high of £101.35. The price has risen in 4 of the last 10 days and is up by 0.5% over the past 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately £510.96 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £100.76 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.95% during the next 3 months and, with a 90% probability hold a price between £113.81 and £144.82 at the end of this 3-month period.
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VNET.L Signals & Forecast
There are few to no technical positive signals at the moment. The 21Vianet Group Inc 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 £102.77 and £110.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -14.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 21Vianet Group Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for 21Vianet Group Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at £95.25 and £87.50. There is a 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 Inc finds support just below today's level at £95.25. If this is broken, then the next support from accumulated volume will be at £87.50 and £87.25.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.350 between high and low, or 0.347%. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VNET.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect 21Vianet Group Inc to open at £101.12, and during the day (based on 14 day Average True Range), to move between £98.07 and £103.93, which gives a possible trading interval of +/-£2.93 (+/-2.90%) up or down from last closing price. If 21Vianet Group Inc takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £95.25 (5.69%) than the resistance at £113.50 (12.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 21Vianet Group Inc stock A Buy?
The 21Vianet Group Inc stock holds several negative signals and despite the positive trend, we believe 21Vianet Group Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.538 Sell Candidate Unchanged
Predicted Opening Price for 21Vianet Group Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| £101.12 ( 0.116%) | £101.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNET.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101.47 | 0.462 % | |
| R2 | 101.33 | 0.330 % | ||
| R1 | 101.25 | 0.248 % | ||
| Current price: | 101.00 | |||
| Support | S1 | 100.98 | -0.0169 % | |
| S2 | 100.90 | -0.0986 % | ||
| S3 | 100.77 | -0.231 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.50 | 17.33 % | |
| R2 | 115.00 | 13.86 % | ||
| R1 | 113.50 | 12.38 % | ||
| Current price | 101.00 | |||
| Support | S1 | 95.25 | -5.69% | |
| S2 | 87.50 | -13.37% | ||
| S3 | 87.25 | -13.61% |
VNET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2019 | Dec 19, 2019 | Feb 05, 2020 | £1.70 | 1.11% |
| 2 | Jun 04, 2019 | Jun 13, 2019 | Jul 26, 2019 | £4.00 | 3.14% |
| 3 | Dec 04, 2018 | Dec 13, 2018 | Jan 30, 2019 | £1.70 | 1.54% |
| 4 | Jun 05, 2018 | Jun 14, 2018 | Jul 27, 2018 | £4.00 | 3.52% |
| 5 | Dec 05, 2017 | Dec 14, 2017 | Jan 31, 2018 | £1.70 | 1.28% |
FAQ
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