Geovax Labs Stock Forecast
Geovax Labs stock price up 0.273% on Friday
(Updated on Sep 29, 2023)
The Geovax Labs stock price gained 0.273% on the last trading day (Friday, 29th Sep 2023), rising from $0.513 to $0.514. During the last trading day the stock fluctuated 2.10% from a day low at $0.510 to a day high of $0.521. The price has fallen in 6 of the last 10 days and is down by -4.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 92 thousand shares were bought and sold for approximately $47.45 thousand.
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The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.89% during the next 3 months and, with a 90% probability hold a price between $0.449 and $0.550 at the end of this 3-month period.
GOVX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, September 21, 2023, and so far it has risen 1.56%. Further rise is indicated until a new top pivot has been found. Geovax Labs has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Geovax Labs stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.547. On a fall, the stock will find some support from the short-term average at $0.512. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Geovax Labs stock
Geovax Labs finds support from accumulated volume at $0.513 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0107 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 4.05%.
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 Monday 2nd
For the upcoming trading day on Monday, 2nd we expect Geovax Labs Inc to open at $0.515, and during the day (based on 14 day Average True Range), to move between $0.484 and $0.544, which gives a possible trading interval of +/-$0.0296 (+/-5.76%) up or down from last closing price. If Geovax Labs Inc takes out the full calculated possible swing range there will be an estimated 11.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.513 (0.12%) than the resistance at $0.571 (11.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Geovax Labs Inc stock A Buy?
Geovax Labs holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.200 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Geovax Labs Inc of Monday, October 2, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price October 2, 2023 | Current price |
|---|---|
| $0.515 | $0.514 (Undervalued) |
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Trading levels for GOVX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.526 | 2.26 % | |
| R2 | 0.522 | 1.46 % | ||
| R1 | 0.519 | 0.97 % | ||
| Current price: | 0.514 | |||
| Support | S1 | 0.511 | -0.620 % | |
| S2 | 0.508 | -1.11 % | ||
| S3 | 0.504 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.618 | 20.31 % | |
| R2 | 0.580 | 12.84 % | ||
| R1 | 0.571 | 11.15 % | ||
| Current price | 0.514 | |||
| Support | S1 | 0.513 | -0.117% | |
| S2 | 0.512 | -0.370% | ||
| S3 | 0.511 | -0.584% |
FAQ
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About Geovax Labs Inc
GeoVax Labs, Inc., a clinical-stage biotechnology company, develops human vaccines and immunotherapies against infectious diseases and cancers using modified vaccinia ankara virus-like particle vaccine platform. It is developing various preventive vaccines against (COVID-19), human immunodeficiency virus (HIV); Zika virus; malaria; and hemorrhagic fever viruses, such as Ebola, Sudan, Marburg, and Lassa, as well as therapeutic vaccines for HIV, ch... GOVX Profile
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