VivoPower International PLC Forecast and Stock Analysis
Technical VVPR stock analysis for March 22, 2019.
VivoPower International PLC gained 0.69% in the last trading day, rising from $1.45 to $1.46 The price has fallen in 6 of the last 10 days , but is still up by 36.45% 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, 3 055 more shares were traded than the day before. In total, 94 715 shares bought and sold for approximately $138 284.00.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the VVPR stock was $1.46. This is 0.69% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 12.56% from a day low at $1.35 to a day high of $1.52.
30 day high of the VVPR stock price was $3.19 and low was $0.96.
90 day high was $3.19 and low was $0.59.
52 week high for the VivoPower International PLC - $6.69 and low - $0.59.
VivoPower International PLC lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.31 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 44.94% during the next 3 months and, with 90% probability hold a price between $1.90 and $4.01 at the end of this period.
Only positive signals in the chart today. VivoPower International PLC holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.54. On a fall, the stock will find some support from the long-term average at approximately $1.24. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday March 21, 2019, which indicates further gains until a new top pivot has been found. VivoPower International PLC has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
VivoPower International PLC finds support from accumulated volume at $1.45.
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 $0.17 between high and low, or 12.56%. For the last week, the stock has had a daily average volatility of 10.62%.
Our recommended stoploss: $1.38 (-5.62%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 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.