Vapotherm Inc. Stock Forecast
A very red day for Vapotherm Inc. stock price after a -6.61% fall in the Monday trading session
(Updated on May 06, 2024)
The Vapotherm Inc. stock price fell by -6.61% on the last day (Monday, 6th May 2024) from $1.27 to $1.19. During the last trading day the stock fluctuated 3.71% from a day low at $1.19 to a day high of $1.23. The price has fallen in 5 of the last 10 days and is down by -5.87% 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 -454 shares and in total, 1 thousand shares were bought and sold for approximately $1.60 thousand.
Given the current short-term trend, the stock is expected to rise 36.11% during the next 3 months and, with a 90% probability hold a price between $1.61 and $2.34 at the end of this 3-month period.
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VAPO Signals & Forecast
There are few to no technical positive signals at the moment. The Vapotherm 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 $1.23 and $1.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -25.88%. 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 Vapotherm Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.03 and $1.00. 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, Vapotherm Inc. finds support just below today's level at $1.03. If this is broken, then the next support from accumulated volume will be at $1.00 and $0.95.
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 $0.0440 between high and low, or 3.71%. For the last week the stock has had daily average volatility of 4.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VAPO) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Vapotherm Inc. to open at $1.20, and during the day (based on 14 day Average True Range), to move between $1.10 and $1.28, which gives a possible trading interval of +/-$0.0897 (+/-7.57%) up or down from last closing price. If Vapotherm Inc. takes out the full calculated possible swing range there will be an estimated 15.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.30 (9.61%) than the support at $1.03 (13.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Vapotherm Inc. stock A Buy?
The Vapotherm Inc. stock holds several negative signals and despite the positive trend, we believe Vapotherm Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.907 Sell Candidate Unchanged
Predicted Opening Price for Vapotherm Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $1.20 ( 1.24%) | $1.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VAPO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.24 | 4.95 % | |
| R2 | 1.23 | 3.53 % | ||
| R1 | 1.22 | 2.65 % | ||
| Current price: | 1.19 | |||
| Support | S1 | 1.18 | -0.181 % | |
| S2 | 1.17 | -1.06 % | ||
| S3 | 1.16 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.47 | 23.95 % | |
| R2 | 1.33 | 12.14 % | ||
| R1 | 1.30 | 9.61 % | ||
| Current price | 1.19 | |||
| Support | S1 | 1.03 | -13.15% | |
| S2 | 1.00 | -15.69% | ||
| S3 | 0.95 | -20.32% |
FAQ
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