VVPR price prediction for today bearish or bullish

VivoPower International PLC (VVPR) is exhibiting a bullish trend today. Here's the analysis to support this conclusion:

1. Short-term Trend Forecast: The short-term trend forecast for VVPR is bullish. This indicates that the stock is expected to rise in the near term.

2. Interval Percentage Change: VVPR has experienced a positive 1-week percentage change of 2.69%, which suggests recent momentum is upwards.

3. Moving Averages: The 5-day moving average is $2.01, and the 10-day moving average is $1.92. The fact that the stock price is above these short-term moving averages is a bullish signal.

4. Fibonacci Retracement: The 0.382 Fibonacci Retracement over the past year is $5.41, which is significantly higher than the current price. This suggests that the stock has ample room to grow before reaching the level where it would be considered overbought.

5. Market News: The strategic merger announced with FAST is expected to provide a significant boost to the company's equity value, which could contribute to a bullish sentiment.
6. Company Developments: The distribution agreement for Mpox diagnostic tests could also contribute to the bullish outlook, as it aligns with the company's commitment to addressing public health emergencies.

In conclusion, the combination of a bullish short-term trend forecast, positive recent performance, and strategic developments all point to a bullish outlook for VVPR today.