Geovax Labs Stock Forecast
Red day on Thursday for Geovax Labs stock after losing 4.55%
(Updated on Apr 25, 2024)
The Geovax Labs stock price fell by -4.55% on the last day (Thursday, 25th Apr 2024) from $1.54 to $1.47. During the last trading day the stock fluctuated 8.34% from a day low at $1.44 to a day high of $1.56. The price has fallen in 7 of the last 10 days and is down by -19.67% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 thousand shares and in total, 23 thousand shares were bought and sold for approximately $34.31 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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GOVX Signals & Forecast
There are few to no technical positive signals at the moment. The Geovax Labs 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 $1.51 and $1.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, January 31, 2024, and so far it has fallen -55.86%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Geovax Labs stock
Geovax Labs finds support from accumulated volume at $1.46 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.120 between high and low, or 8.34%. For the last week the stock has had daily average volatility of 10.32%.
Geovax Labs is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOVX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Geovax Labs Inc to open at $1.49, and during the day (based on 14 day Average True Range), to move between $1.28 and $1.66, which gives a possible trading interval of +/-$0.186 (+/-12.63%) up or down from last closing price. If Geovax Labs Inc takes out the full calculated possible swing range there will be an estimated 25.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.46 (0.68%) than the resistance at $1.53 (4.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Geovax Labs will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$3.15. We will update the financials statements for Geovax Labs, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.77% in the first trading day after earnings release.
Is Geovax Labs Inc stock A Buy?
Geovax Labs 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: -3.498 Sell Candidate Unchanged
Predicted Opening Price for Geovax Labs Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.49 ( 1.36%) | $1.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOVX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.61 | 9.53 % | |
| R2 | 1.56 | 6.41 % | ||
| R1 | 1.54 | 4.48 % | ||
| Current price: | 1.47 | |||
| Support | S1 | 1.44 | -1.76 % | |
| S2 | 1.42 | -3.69 % | ||
| S3 | 1.37 | -6.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.71 | 16.33 % | |
| R2 | 1.54 | 4.76 % | ||
| R1 | 1.53 | 4.08 % | ||
| Current price | 1.47 | |||
| Support | S1 | 1.46 | -0.680% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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