While this happened, A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in late April from “a Buy” to “a Neutral”. BTIG Research began covering VFS with “Buy” recommendation on January 03, 2024. Wedbush started covering the stock on November 21, 2023. It rated VFS as “an Outperform”.
Price Performance Review of VFS
On Tuesday, VinFast Auto Ltd [NASDAQ:VFS] saw its stock jump 5.73% to $3.69. Over the last five days, the stock has gained 9.17%. VinFast Auto Ltd shares have fallen nearly -8.44% since the year began. Nevertheless, the stocks have risen 29.47% over the past one year. While a 52-week high of $6.42 was reached on 01/06/25, a 52-week low of $2.56 was recorded on 04/04/25. SMA at 50 days reached $3.26, while 200 days put it at $3.79.
Levels Of Support And Resistance For VFS Stock
The 24-hour chart illustrates a support level at 3.52, which if violated will result in even more drops to 3.36. On the upside, there is a resistance level at 3.80. A further resistance level may holdings at 3.92. The Relative Strength Index (RSI) on the 14-day chart is 68.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.22%. Stochastics %K at 92.30% indicates the stock is a selling.
The most recent change occurred on November 01, 2023 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $7 price target.
