VIV Price Prediction Next Week
Technical Analysis: VIV shows strong bullish momentum with RSI-14 at 73.95 indicating overbought conditions. The stock is trading above all major moving averages (5,10,20,60,200,250 day SMAs), suggesting a robust uptrend.
Price Levels & Fibonacci Analysis:
- Current Support: $9.01 (Fibonacci pivot)
- First Resistance: $9.33 (R1)
- Second Resistance: $9.52 (R2)
- Key Support: $8.70 (S1)
Recent Price Action: The stock has experienced a pullback from recent highs, with the latest close at $9.40. Volume patterns show moderate institutional interest with 855,451 shares traded on Feb 14.
News Impact: Recent upgrade by Validea's Price/Sales Investor model from 58% to 80% indicates improving fundamentals. The company's strong position in Brazil's telecommunications market and diverse service portfolio support positive sentiment.
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
- Bullish Target: $9.52 (R2)
- Bearish Target: $9.01 (Pivot)
- Most Likely Scenario: Consolidation between $9.33-$9.52
Trading Recommendation: HOLD
- Current overbought conditions suggest waiting for a pullback before new entries
- For existing positions, maintain with stop-loss at $9.01
- Next week's likely trading range: $9.33-$9.52
VIV Similar Chart Price Prediction
The price of VIV is predicted to go up 3.94%, based on the high correlation periods with CMRE. The similarity of these two price pattern on the periods is 98.63%.
VIV
CMRE
Up: 3.94%Similarity: 98.63%
VIV Revenue Forecast
VIV EPS Forecast
VIV FAQs
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VIV VS S&P500
Vivo is the largest telecom carrier in Brazil and benefits from scale-based cost advantages in both the wireless and fixed-line markets.
Owning a high-quality fiber network enables Vivo to offer converged services throughout much of the country, while buttressing its wireless backhaul, improving network speeds and capacity.
With a rock-solid balance sheet, Vivo should be able to weather whatever competitive or economic challenges arise.
VIV Analyst's Forecast
Mathieu Robilliard
Barclays
Hold
2024-11-25
Price Target
$12 → $12
Upside
+33.33%
Barclays raised the firm's price target on Telefonica Brasil to $11.80 from $11.50 and keeps an Equal Weight rating on the shares. The firm rolled price targets in the European telecom space to 2025, and revisited its spectrum liability assumptions "following a phase of more benign spectrum outcomes."
Andres Coello
Scotiabank
Hold
2024-09-20
Price Target
$9.2 → $10
Upside
+4%
