Reason behind Willamette Valley Vineyards (WVVI) stock considered to be Oversold?
Currently, Willamette Valley Vineyards (WVVI)’s Relative Strength Index (RSI 14) factor is observed at 29.18. Identifying stocks that are overbought or oversold can be an important part of establishing viable trade entries. Though there are a number of indicators that can be used to assess these conditions, some are more popular than others. Two of the most common indicators of overbought or oversold conditions are the relative strength index (RSI) and the stochastic indicators. Each measurement has its strengths and weaknesses but, like most indicators, they are strongest when used in tandem.
Here we identified the overbought or oversold stock through the reading of relative strength index (RSI). The RSI is a range-bound oscillator that is calculated based on prior sessions’ average gains versus losses. As the number of sessions used in the calculation increases, the more accurate this measurement becomes.
RSI oscillates between zero and 100. When the RSI of a given security approaches 100, it is an indicator that the average gains increasingly exceed the average losses over the established time frame. The higher the RSI, the stronger and more protracted the bullish trend. A long and aggressive downtrend results in an RSI that sinks progressively toward zero. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings and centerline crossovers. RSI can also be used to identify the general trend.
Willamette Valley Vineyards (WVVI) stock price is moving 3.94% to 4.75. WVVI exchanged 12709 shares in Wednesday session and its relative volume is 2.18. When analyzing volume, determine the strength or weakness of a move. As traders, we are more interested to take part in strong moves and don’t join moves that show weakness – or we may even watch for an entry in the opposite direction of a weak move. These guidelines do not hold true in all situations, but they are a good general aid in trading decisions.
The stock price value Change from Open was at 0.64% with a Gap of 3.28%. The Average True Range was observed at 0.37. The volatility in the previous week has recorded at 7.55% and seen at 7.42% in the previous month.
Willamette Valley Vineyards (WVVI) Stock Price Performance
Willamette Valley Vineyards performed -31.46% so far this year and moved 2.30% during recent week. The shares price has positioned at -31.93% over the past quarter while it has directed -33.61% during past six months. The shares price has directed -34.66% in last year and swapped -29.21% during past one month.
Analyzing the Simple Moving Average indicators it is discovered that Willamette Valley Vineyards (WVVI) current distance from 20-Day Simple Moving Average is -13.97% and standing -24.88% away from 50-Day Simple Moving Average while traded -30.19% away from 200-Day Simple Moving Average. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. They may also be used to assist the trader figure out proper support and resistance levels for the stock. The stock has 5.56% to a low over the previous 12 months and showed -36.24% to a high over the same period.
The stock’s short float is around of 0.16% and short ratio is 1.06. Insiders ownership held at 23.90%. The stock has a beta value of 0.81.