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Vizio Holding Corp (VZIO): Price Now Near $19.59; Daily Chart Shows Downtrend on 100 Day Basis

It's been a feast for bears operating on an hourly timeframe, as vzio has now gone down 4 of the past 5 hours. The post Vizio Holding Corp (VZIO): Price Now Near $19.59; Daily Chart Shows Downtrend on 100 Day Basis appeared first on ETF Daily News. ...

The Hourly View for VZIO

At the moment, VZIO (Get Ratings)’s price is down $-0.27 (-1.33%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as VZIO has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Recreation stocks, VZIO ranks 21st in regards to today’s price percentage change.

VZIO’s Technical Outlook on the Daily Chart

At the time of this writing, VZIO’s price is down $-0.15 (-0.76%) from the day prior. VZIO has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows VZIO’s price action over the past 90 days.

VZIO

<In comparison to its 7 day average, VZIO's volume of shares traded is 77.43% lower, now standing at 154450.

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VZIO: Daily RSI Analysis

  • VZIO’s RSI now stands at 40.3846.
  • VZIO and RSI both have consistent trends, as they are both heading down.

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The post Vizio Holding Corp (VZIO): Price Now Near $19.59; Daily Chart Shows Downtrend on 100 Day Basis appeared first on ETF Daily News.

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