Vivani Medical, Inc. Stock Forecast
Vivani Medical, Inc. stock price ended at $1.62 on Tuesday, after losing 0.613%.
(Updated on Apr 30, 2024)
The Vivani Medical, Inc. stock price fell by -0.613% on the last day (Tuesday, 30th Apr 2024) from $1.63 to $1.62. During the last trading day the stock fluctuated 3.11% from a day low at $1.61 to a day high of $1.66. The price has fallen in 8 of the last 10 days and is down by -15.63% 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 -22 thousand shares and in total, 39 thousand shares were bought and sold for approximately $63.89 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.52 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.23% during the next 3 months and, with a 90% probability hold a price between $1.74 and $6.58 at the end of this 3-month period.
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VANI Signals & Forecast
There are few to no technical positive signals at the moment. The Vivani Medical, Inc. 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 $1.68 and $1.90. 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 28, 2024, and so far it has fallen -69.24%. 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 Vivani Medical, Inc. 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 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 $0.0500 between high and low, or 3.11%. For the last week the stock has had daily average volatility of 4.00%.
Vivani Medical, Inc. is oversold on RSI14 (20). 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 (VANI) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Vivani Medical, Inc. to open at $1.63, and during the day (based on 14 day Average True Range), to move between $1.48 and $1.76, which gives a possible trading interval of +/-$0.137 (+/-8.48%) up or down from last closing price. If Vivani Medical, Inc. takes out the full calculated possible swing range there will be an estimated 16.97% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.93, some $0.310 (19.14%) from the current price of $1.62, our system finds the risk reward not very attractive.
Is Vivani Medical, Inc. stock A Buy?
The Vivani Medical, Inc. stock holds several negative signals and despite the positive trend, we believe Vivani Medical, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.468 Sell Candidate Unchanged
Predicted Opening Price for Vivani Medical, Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $1.63 ( 0.617%) | $1.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VANI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.68 | 3.70 % | |
| R2 | 1.66 | 2.52 % | ||
| R1 | 1.65 | 1.80 % | ||
| Current price: | 1.62 | |||
| Support | S1 | 1.61 | -0.562 % | |
| S2 | 1.60 | -1.29 % | ||
| S3 | 1.58 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.02 | 24.69 % | |
| R2 | 2.00 | 23.46 % | ||
| R1 | 1.93 | 19.14 % | ||
| Current price | 1.62 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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