In the world of swing trading, high-volatility stocks are the stars that offer quick and substantial gains. The ideal candidate for such active trading should exhibit strong price swings on a consistent basis. Vinco Ventures Inc. (BBIG), an emerging player in the technology sector, appears to fit the mold perfectly. The company's recent performance is a testament to this, with a whopping +43.43% generated for swing traders engaging with BBIG.
A critical component in trading high-volatility stocks is the judicious use of technical analysis (TA) and fundamental analysis (FA). These tools help investors gauge the potential performance of a stock, making them pivotal in deciding whether to buy or sell.
A case in point is the Moving Average Convergence Divergence (MACD) indicator - a trend-following momentum indicator that illustrates the relationship between two moving averages of a security’s price. For BBIG, the MACD histogram crossed above the signal line on June 30, 2023, providing an auspicious signal for traders.
The MACD for BBIG turning positive is significant. Historically, this indicator has been a reliable predictor of the stock's trajectory. Out of the past 42 instances where BBIG's MACD turned positive, the stock price continued to rise in 39 cases over the following month. This presents an impressive success rate of 90%, suggesting a strong likelihood of a continued upward trend for BBIG.
In the realm of swing trading, understanding the nuances of such technical signals can make a substantial difference. This is especially true when dealing with high-volatility stocks like BBIG, where the potential for rapid gains is counterbalanced by equally fast price fluctuations.
Looking ahead, active traders can be buoyed by BBIG's recent performance and positive MACD indication. However, as always, it is essential to continue monitoring the market and assessing signals before making trading decisions. For now, BBIG seems to be a promising contender in the high-volatility trading sphere, making it a stock worth watching for swing traders.
The 10-day RSI Oscillator for BBIG moved out of overbought territory on July 28, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 21 instances where the indicator moved out of the overbought zone. In of the 21 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
The Momentum Indicator moved below the 0 level on July 28, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BBIG as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BBIG turned negative on July 31, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
BBIG moved below its 50-day moving average on July 28, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BBIG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BBIG broke above its upper Bollinger Band on July 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day moving average for BBIG crossed bullishly above the 50-day moving average on July 19, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +9 3-day Advance, the price is estimated to grow further. Considering data from situations where BBIG advanced for three days, in of 202 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 96 cases where BBIG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.498) is normal, around the industry mean (23.379). P/E Ratio (0.040) is within average values for comparable stocks, (31.215). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.721). Dividend Yield (0.000) settles around the average of (0.064) among similar stocks. P/S Ratio (1.433) is also within normal values, averaging (3.876).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. BBIG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BBIG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of product development, designing, warehousing and logistics services
A.I.dvisor tells us that BBIG and MBUU have been poorly correlated (+27% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BBIG and MBUU's prices will move in lockstep.