Victoria's Secret sharpens decline - Analysis - 15-06-2022

2022-06-15 11:49:30 GMT (Economies.com)
 

Victoria's Secret's stock (VSCO) kept falling in the intraday levels amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, marking a new loss of 0.21%, or 7 cents, and settling at 33.90, with trading volumes surpassing 1.8 million shares, above 10-day averages of 2.4 million shares. 

 

Therefore we expect more losses for the stock, targeting the support of 30.00, provided the resistance of 40.00 holds on.

 

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Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0499
-0.0090
0.8543%
1.2183
-0.0123
0.9985%
22.466
-0.690
2.982%
76.305
-5.170
6.346%
82.90
0.16
0.19%
1773.565
-21.995
1.225%
 
 
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