VectoIQ Acquisition Corp. Warrant (VTIQW)

VTIQW stock forecast: buy or sell

VTIQW stock outlook

  • VectoIQ Acquisition Corp. Warrant closed in late April at $4.10 (-3.76%) prior to presenting financial results at
  • , VectoIQ Acquisition Corp. Warrant presented its Q2 financial report
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Important:
The opinions published in this post are personal and not recommendations for you to buy or sell stocks. The author of this article does not have an understanding of the specific scenarios of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for learning motives only

VTIQW stock chart overview

Should I buy VectoIQ Acquisition Corp. Warrant stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is VTIQW stock a buy?

Currently, VectoIQ Acquisition Corp. Warrant stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for VTIQW in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

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Should I sell VectoIQ Acquisition Corp. Warrant stock?

When you own a stock with some profit, it's really difficult to decide the good moment to sell and get your benefits. Just as when we have to buy shares, determining when is appropiate time to sell is not a haphazard decision, and we must use our own trading strategy. When selling, as well as buying, detailed strategies are very simple to follow and are only applicable for selling stocks you already own, not for selling short VTIQW stock

A golden rule is that you should not mantain a trading operation that leads to losses greater than those expected upon purchase. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell VectoIQ Acquisition Corp. Warrant stock?

In the current situation of VectoIQ Acquisition Corp. Warrant there is not any eligible sell setup, so VectoIQ Acquisition Corp. Warrant stock holders with operations in green can keep their positions

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Analysts' recommendations to buy or sell VectoIQ Acquisition Corp. Warrant stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating posted in the last 30 days for VectoIQ Acquisition Corp. Warrant

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Technical analysis

Since on December 2018, VectoIQ Acquisition Corp. Warrant has been drawing an uptrend that by now marked an amazing 951.28%. During this uptrend, the price offered some buy points on the breakouts. Latest low was on December 2019, when price bounced at $0.50. VectoIQ Acquisition Corp. Warrant broke out above $0.75 (its last top) last February. That breakout was a good buying opportunity that resulted in a 446.67% profit

SMAs overview

A favorite tool of many trading systems are the moving averages, that easily show trend momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. Learn more about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Technical analysts use supports and resistances as a way to spot price points on a chart that tend to behave as barriers, containing the price of an asset to move up or down. Supports are levels where the price may find support as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it will probably continue declining until meeting another support level. On the contrary, resistances are where the price may find a curb as it moves up. Again, the price is more liable to "rebound" at this level, and if it finally crosses this level, it will rise easily until it approaches the next resistance

Price is at all-time highs and there are not upper resistances.

The current support levels are:

  • S1: $0.75 (-81.71% below)
  • S2: $0.70 (-82.93% below)
  • S3: $0.50 (-87.8% below)
  • Bollinger bands

    This is an indicator that was designed in the 1980s by John Bollinger. Basically, the Bollinger Bands are bands that flow around a moving average, varying the distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price surpassed the upper band in late April, the price has been corrected downwards by 10.87%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that measures price movements to reveal when the share or financial asset is overbought or oversold. Like other oscillation indicators, the RSI moves in a range from 0% to 100%. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in 1978

    Relative strength (RSI) climbed above the overbought line late April, marking a reading of 81.46. Climbing above the overbought zone is not a sell signal, as shares can rally during several weeks being in the overbought zone

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    Earnings and financials

    2nd-quarter financial call was hosted by VTIQW after releasing the earnings report.

    This compares to earnings of $0.00 per share same quarter last year, so posted EPS means -. Looking at turnover, figures slightly changed compared to $0.00 same quarter a year ago.

    VTIQW will host the earnings call. Financial reporting day has a more than usual risk for stock investors as the data provided can gap up or down the shares price with exceptionally low volume and not respecting your buy or stop-loss orders.

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