Vicarious Surgical Inc. Stock Forecast
Vicarious Surgical Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
The Vicarious Surgical Inc. stock price gained 2.99% on the last trading day (Friday, 3rd May 2024), rising from $0.301 to $0.310. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.56% from a day low at $0.301 to a day high of $0.311. The price has risen in 7 of the last 10 days and is up by 7.78% over the past 2 weeks. Volume fell on the last day by -206 thousand shares and in total, 188 thousand shares were bought and sold for approximately $58.49 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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. Given the current short-term trend, the stock is expected to fall -24.35% during the next 3 months and, with a 90% probability hold a price between $0.155 and $0.328 at the end of this 3-month period.
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RBOT Signals & Forecast
The Vicarious Surgical Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.284 and $0.304. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -8.71%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vicarious Surgical Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.276 and $0.274. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vicarious Surgical Inc. finds support just below today's level at $0.276. If this is broken, then the next support from accumulated volume will be at $0.274 and $0.252.
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 $0.0107 between high and low, or 3.56%. For the last week the stock has had daily average volatility of 8.45%.
Since the Vicarious Surgical Inc. has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $0.299 (-3.71%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (RBOT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Vicarious Surgical Inc. to open at $0.307, and during the day (based on 14 day Average True Range), to move between $0.280 and $0.341, which gives a possible trading interval of +/-$0.0308 (+/-9.93%) up or down from last closing price. If Vicarious Surgical Inc. takes out the full calculated possible swing range there will be an estimated 19.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.276 (11.15%) than the resistance at $0.354 (13.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vicarious Surgical Inc. stock A Buy?
Vicarious Surgical Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.917 Hold/Accumulate Upgraded
Predicted Opening Price for Vicarious Surgical Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.307 ( 0.98%) | $0.310 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBOT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.318 | 2.47 % | |
| R2 | 0.314 | 1.15 % | ||
| R1 | 0.311 | 0.340 % | ||
| Current price: | 0.310 | |||
| Support | S1 | 0.303 | -2.29 % | |
| S2 | 0.301 | -3.11 % | ||
| S3 | 0.297 | -4.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.385 | 24.07 % | |
| R2 | 0.365 | 17.62 % | ||
| R1 | 0.354 | 13.98 % | ||
| Current price | 0.310 | |||
| Support | S1 | 0.276 | -11.15% | |
| S2 | 0.274 | -11.73% | ||
| S3 | 0.252 | -18.81% |
FAQ
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