The hour view for VMW
Currently VMW (Received reviews) the price has decreased by -0.9 USD (-0.56%) compared to the previous hour. This is the second hour in a row that VMW has lowered its price. As for the trend in the hourly timeframe, we see that clearest trend in the 50-hour period. Regarding moving averages, the first thing to note is that the price has crossed the limit 20th hourly moving average, which causes the price to be now underneath. The moving averages of the hourly time frame suggest a price volatility as the values for 20, 50, 100, and 200 are all mixed. This means that the trend is inconsistent across the time frames and indicates potential Opportunity for Rangebound traders.
In terms of business services stocks, VMW ranks 293rd in terms of today’s percentage price change.
VMW’s technical outlook on the daily chart
Currently, the price of VMW is down -1.68 USD (-1.03%) from the previous day. This move is a reversal from the previous day the price rose. If you are a trend trader remember that the …