Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Victoria’s Secret & Co’s stock price (VSCO) rose in the intraday levels, with positive signals from the RSI, while gathering profits to recover some recent losses, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of $13.62, provided it settles firmly below $20.28.
Trend forecast: Likely Bearish