Vietnam Hldg Ltd Forecast and Stock Analysis
Technical VNH.L stock analysis for March 18, 2019.
No changes to the price of Vietnam Hldg Ltd in the last trading day. The price has been going up and down for this period, and there has been a 7848.72% gain for the last 2 weeks.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the VNH.L stock was $186.00.
During day the stock fluctuated 2.20% from a day low at $182.00 to a day high of $186.00.
30 day high of the VNH.L stock price was $187.00 and low was $2.20.
90 day high was $187.00 and low was $2.20.
52 week high for the Vietnam Hldg Ltd - $187.00 and low - $2.20.
Vietnam Hldg Ltd lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $194.78 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 95.04% during the next 3 months and, with 90% probability hold a price between $22.87 and $379.90 at the end of this period.
Vietnam Hldg Ltd holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $159.91 and $33.80. A break down below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday March 11, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 99 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $4.00 between high and low, or 2.20%. For the last week, the stock has had a daily average volatility of 2.10%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $180.08 (-3.18%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 99 and this increases the risk substantially. There is a sell signal from pivot top found 5 days ago.)
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Evaluation: Buy Candidate
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.