VIPS Price Prediction Next Week
Technical Analysis: Based on recent price action, VIPS shows a bullish trend with the stock trading above both its 5-day (15.23) and 200-day (14.29) moving averages. The RSI-14 at 59.77 indicates moderate momentum without being overbought.
Price Levels and Indicators:
- Current support level: $13.84 (60-day SMA)
- Key resistance: $16.36 (Upper Bollinger Band)
- MACD shows positive momentum with MACD line (0.43) above signal line (0.37)
- Stochastic RSI indicates potential consolidation with readings at 47.09
News Impact: Recent news indicates VIPS crossed above its key moving average level, though there was some weakness in Chinese internet stocks with VIPS showing a 3.8% decline in recent trading.
Price Prediction for Next Week: Based on Fibonacci levels and technical indicators:
- Bullish target: $15.80 (Fibonacci R1)
- Conservative target: $14.82 (Fibonacci Pivot)
- Support level: $13.84 (If bearish scenario unfolds)
Trading Recommendation: BUY with entry at current price ($15.29) with a target of $15.80. Set stop loss at $14.82 (Fibonacci pivot). The positive MACD crossover and strong moving average support suggest upward momentum, though traders should monitor Chinese internet sector sentiment.
VIPS Similar Chart Price Prediction
The price of VIPS is predicted to go up -13.46%, based on the high correlation periods with KUKE. The similarity of these two price pattern on the periods is 97.46%.
VIPS
KUKE
Down: -13.46%Similarity: 97.46%
VIPS Revenue Forecast
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VIPS Analyst's Forecast
Alicia Yap
Citigroup
Strong Buy
2024-09-27
Price Target
$15 → $18
Upside
+14.14%
Citi raised the firm's price target on Vipshop to $18 from $15 and keeps a Buy rating on the shares. The firm believes the company's Q3 revenue will likely to come at the low-end of the company guidance range of down 5% to 10% amid soft demand in July through September. However, given China's latest positive policy boost, the soft Q3 print is likely to be overshadowed by positive sentiment on improving consumption willingness following the regulatory supportive measure to boost consumer confidence, the analyst tells investors in a research note.
