VivoPower International PLC Forecast and Stock Analysis
Technical VVPR stock analysis for Thursday May 23, 2019.
|Price to book||USD 0.48|
|Next Earnings Date||n/a|
VivoPower International PLC gained 2.68% in the last trading day ( Thursday, 23rd May 2019 ), rising from $1.12 to $1.15 During day the stock fluctuated 9.43% from a day low at $1.06 to a day high of $1.16. The price has fallen in 7 of the last 10 days and is down by -9.45% for this period. Volume fell in the last day by -6 236 shares, and in total, 13 563 shares bought and sold for approximately $15 597.50. 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 VVPR stock price was $1.57 and low was $1.06.
- 90 day high was $3.19 and low was $0.99.
- 52 week high for the VivoPower International PLC - $3.33 and low - $0.59.
VivoPower International PLC lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $0.99 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.48% during the next 3 months and, with 90% probability hold a price between $0.97 and $2.53 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday May 22, 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. VivoPower International PLC holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $1.17 and $1.28. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
* 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)
The stock currently holds a RSI14 at 25 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
VivoPower International PLC finds support from accumulated volume at $1.12.
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 $0.10 between high and low, or 9.43%. For the last week the stock has had a daily average volatility of 5.64%.
VivoPower International PLC is oversold on RSI14 (25). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: $1.08 (-5.82%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 25 which reduces the risk some. There is a buy signal from pivot bottom found 1 days ago.)
5.64 %Average volatility
Very Low Low Medium High Very High
VivoPower International PLC holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|Golden Star Signal|
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