VivoPower International PLC Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
VivoPower International PLC stock price ended at $3.60 on Tuesday, after gaining 1.69%.
(Updated on Apr 23, 2024)
The VivoPower International PLC stock price gained 1.69% on the last trading day (Tuesday, 23rd Apr 2024), rising from $3.54 to $3.60. During the last trading day the stock fluctuated 8.07% from a day low at $3.47 to a day high of $3.75. The price has fallen in 6 of the last 10 days and is down by -27.71% for this period. Volume fell on the last day by -11 thousand shares and in total, 108 thousand shares were bought and sold for approximately $389.87 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 90.46% during the next 3 months and, with a 90% probability hold a price between $4.40 and $13.67 at the end of this 3-month period.
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VVPR Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -43.84%. 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). 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 also not. The VivoPower International PLC stock holds a sell 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 giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.72. On a fall, the stock will find some support from the long-term average at approximately $2.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for VivoPower International PLC stock
VivoPower International PLC finds support from accumulated volume at $3.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.280 between high and low, or 8.07%. For the last week the stock has had daily average volatility of 11.77%.
VivoPower International PLC is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $3.37 (-6.30%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 10 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (VVPR) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect VivoPower International PLC to open at $3.61, and during the day (based on 14 day Average True Range), to move between $2.94 and $4.26, which gives a possible trading interval of +/-$0.656 (+/-18.23%) up or down from last closing price. If VivoPower International PLC takes out the full calculated possible swing range there will be an estimated 36.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.54 (1.67%) than the resistance at $3.92 (8.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VivoPower International PLC stock A Buy?
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 VivoPower International PLC stock to perform well in the short-term.
Current score: 2.093 Buy Candidate Unchanged
Predicted Opening Price for VivoPower International PLC of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $3.61 ( 0.184%) | $3.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VVPR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.89 | 7.96 % | |
| R2 | 3.78 | 4.99 % | ||
| R1 | 3.71 | 3.15 % | ||
| Current price: | 3.60 | |||
| Support | S1 | 3.50 | -2.79 % | |
| S2 | 3.43 | -4.62 % | ||
| S3 | 3.33 | -7.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.98 | 10.56 % | |
| R2 | 3.96 | 10.00 % | ||
| R1 | 3.92 | 8.89 % | ||
| Current price | 3.60 | |||
| Support | S1 | 3.54 | -1.67% | |
| S2 | 3.33 | -7.50% | ||
| S3 | 0 | . |
FAQ
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