Vivani Medical, Inc. Stock Forecast

Evaluation of Vivani Medical, Inc. stock downgraded after the last trading session.
(Updated on May 14, 2024)

VANI Signals & Forecast

There are mixed signals in the stock today. The Vivani Medical, Inc. 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 $1.84. On a fall, the stock will find some support from the short-term average at $1.78. 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. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -65.25%. Further fall is indicated until a new bottom pivot has been found. Vivani Medical, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Vivani Medical, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.70 and $1.67. 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, Vivani Medical, Inc. finds support just below today's level at $1.70. If this is broken, then the next support from accumulated volume will be at $1.67 and $1.63.

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 $0.130 between high and low, or 7.47%. For the last week, the stock has had daily average volatility of 4.31%.

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 15th

For the upcoming trading day on Wednesday, 15th we expect Vivani Medical, Inc. to open at $1.81, and during the day (based on 14 day Average True Range), to move between $1.71 and $1.95, which gives a possible trading interval of +/-$0.116 (+/-6.34%) up or down from last closing price. If Vivani Medical, Inc. takes out the full calculated possible swing range there will be an estimated 12.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.70 (7.10%) than the resistance at $2.00 (9.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vivani Medical, Inc. stock A Buy?

Vivani Medical, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.879 Sell Candidate Downgraded

Predicted Opening Price for Vivani Medical, Inc. of Wednesday, May 15, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.