Big movements in Veru Inc. stock price on Thursday moving 31.53% between high and low

The Veru Inc. stock price gained 4.48% on the last trading day (Thursday, 14th Apr 2022), rising from $14.30 to $14.94. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 31.53% from a day low at $13.21 to a day high of $17.38. The price has been going up and down for this period, and there has been a 209.32% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 176 million shares were bought and sold for approximately $2.63 billion.

HC Wainwright & Co. is very positive about VERU and gave it a "$21.00 - $24.00" rating on Apr 12, 2022. The price target was changed from 10.01 to 18.49.Over the last 30 days, this security got 2 buy, 0 sell, and 0 hold ratings.

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $12.39, a level that may pose a second chance to hit a runner. According to fan-theory $21.05 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Mostly positive signals in the chart today. The Veru Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $9.29 and $6.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 12, 2022, and so far it has risen 49.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Veru Inc. finds support from accumulated volume at $14.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $4.17 between high and low, or 31.53%. For the last week, the stock has had a daily average volatility of 56.51%.

The Veru Inc. stock is extremely overbought on RSI14 (80). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Veru Inc. stock to perform well in the short-term period.