VivoPower International PLC Stock Analysis
Technical stock analysis for 18 January 2019
No changes to the price of VivoPower International PLC in the last trading day. The price has risen in 8 of the last 10 days and is up by 63.64% over the past 2 weeks.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the VVPR stock was $1.08.
During day the stock fluctuated 5.88% from a day low at $1.02 to a day high of $1.08.
30 day high of the VVPR stock price was $1.10 and low was $0.59.
90 day high was $1.93 and low was $0.59.
52 week high for the VivoPower International PLC - $6.69 and low - $0.59.
VivoPower International PLC has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $1.07, a level that may pose a second chance to hit a runner. According to fan-theory $1.69 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
VivoPower International PLC 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 $0.98 and $0.88. A break down below any of these levels will issue sell signals. 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 Thursday January 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 87 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.95 and $0.85.
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, VivoPower International PLC finds support just below today's level at $0.95. If this is broken, then the next support from accumulated volume will be at $0.85 and $0.82.
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 $0.06 between high and low, or 5.88%. For the last week the stock has had a daily average volatility of 11.48%.
The stock is extremely overbought on RSI14 (87). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stoploss: $1.02 (-5.24%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)
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VivoPower International PLC holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.