Vaxart Stock Forecast
Big movements in Vaxart stock price on Friday moving 13.95% between high and low
(Updated on Apr 19, 2024)
The Vaxart stock price fell by -10.29% on the last day (Friday, 19th Apr 2024) from $0.84 to $0.756. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 13.95% from a day low at $0.750 to a day high of $0.86. The price has fallen in 8 of the last 10 days and is down by -30.04% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $1.43 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.752 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Vaxart stock with a 90% probability to be traded between $0.742 and $1.38 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VXRT Signals & Forecast
There are few to no technical positive signals at the moment. The Vaxart stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.89 and $1.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 21, 2024, and so far it has fallen -46.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Vaxart gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Vaxart stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.105 between high and low, or 13.95%. For the last week, the stock has had daily average volatility of 8.62%.
Vaxart is oversold on RSI14 (5). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VXRT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Vaxart to open at $0.787, and during the day (based on 14 day Average True Range), to move between $0.664 and $0.85, which gives a possible trading interval of +/-$0.0917 (+/-12.13%) up or down from last closing price. If Vaxart takes out the full calculated possible swing range there will be an estimated 24.26% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.87, some $0.118 (15.67%) from the current price of $0.756, our system finds the risk reward not very attractive.
Is Vaxart stock A Buy?
Vaxart holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.940 Sell Candidate Unchanged
Predicted Opening Price for Vaxart of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.787 ( 4.15%) | $0.756 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VXRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.89 | 18.01 % | |
| R2 | 0.85 | 12.71 % | ||
| R1 | 0.83 | 9.44 % | ||
| Current price: | 0.756 | |||
| Support | S1 | 0.747 | -1.14 % | |
| S2 | 0.722 | -4.41 % | ||
| S3 | 0.682 | -9.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.91 | 20.45 % | |
| R2 | 0.91 | 20.31 % | ||
| R1 | 0.87 | 15.67 % | ||
| Current price | 0.756 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
VXRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 25, 2012 | Nov 09, 2012 | Feb 14, 2018 | $12.19 | 143.39% |
FAQ
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