Did Vince Holding Corp. (NYSE:VNCE) Trigger A Buy Signal?

Vince Holding Corp. (NYSE:VNCE) shares surged 10.89% during trading on Thursday, going up from its prior closing price of $0.55 to $0.61 , and has now gained 3 consecutive sessions. Many in the market will be closely watching whether this winning streak is sustainable or take a temporary pause for the next couple of trading sessions. The price has fallen in 6 of the last 10 days , but is still up by 26.48% during the last two weeks. The upbeat movement of both volume and price during the recent session is interpreted as a good sign, and, overall 238 790 more shares exchanged hands compared with prior day. In total, 474 843 shares was the trading volume and the dollar amount of trading equals $289 607.

Inside VNCE’s Recent Trend

Vince Holding Corp. (VNCE) lies in the middle of a very wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -19.38% over the course of a quarter and, with 90% chance the price will be floating in the range of $0.10 and $0.89 in this timeframe.

Vince Holding Corp. Technical Signals

VNCE has witnessed its long term and short term MA triggering a buy signal. Many traders watch for short-term averages to cross above long-term averages to signal the beginning of a uptrend. Upon corrections, the price will meet support from the averages between $0.57 and $0.53. A break down through these support points will trigger sell signals. Its pivot point low generated buy signal on Tuesday July 18, 2017, which calls for additional surge until the stock forms a new pivot point high. Vince Holding Corp 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.

Vince Holding Corp. (NYSE:VNCE) Support And Resistance Levels

Vince Holding Corp. (VNCE) recorded volume accumulation so there will probably be a surplus of buyers at $0.60, $0.55, and $0.54. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $0.62.

Accumulated volume is going to prevent the price from rising further at $0.62 and this action will lead the price to take a temporary pause or stay muted for a few days.

Vince Holding Corp. (VNCE) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.10 between high and low, or 18.87%. The average volatility for the past week stood at 14.52%.


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