Vaxxinity, Inc. Stock Forecast
Big movements in Vaxxinity, Inc. stock price on Tuesday moving 14.01% between high and low
(Updated on Jun 25, 2024)
The Vaxxinity, Inc. stock price fell by -5.88% on the last day (Tuesday, 25th Jun 2024) from $0.170 to $0.160. During the last trading day the stock fluctuated 14.01% from a day low at $0.157 to a day high of $0.179. The price has fallen in 6 of the last 10 days but is still up by 73.72% over the past 2 weeks. 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 -307 thousand shares and in total, 41 thousand shares were bought and sold for approximately $6.57 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.170 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VAXX Signals & Forecast
The Vaxxinity, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.138 and $0.0956. 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 Friday, June 21, 2024, and so far it has fallen -15.79%. Further fall is indicated until a new bottom pivot has been found. 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 Vaxxinity, Inc. stock
Vaxxinity, Inc. finds support from accumulated volume at $0.154 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0220 between high and low, or 14.01%. For the last week the stock has had daily average volatility of 39.14%.
Our recommended stop-loss: $0.151 (-5.56%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (VAXX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Vaxxinity, Inc. to open at $0.165, and during the day (based on 14 day Average True Range), to move between $0.132 and $0.188, which gives a possible trading interval of +/-$0.0282 (+/-17.63%) up or down from last closing price. If Vaxxinity, Inc. takes out the full calculated possible swing range there will be an estimated 35.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.154 (4.06%) than the resistance at $0.167 (4.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vaxxinity, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.256 Buy Candidate Upgraded
Predicted Opening Price for Vaxxinity, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.165 ( 3.33%) | $0.160 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VAXX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.187 | 17.08% |
| R2 | 0.179 | 11.83% |
| R1 | 0.174 | 8.59% |
| Price | 0.160 | |
| S1 | 0.157 | -1.92% |
| S2 | 0.152 | -5.16% |
| S3 | 0.143 | -10.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.190 | 18.75% |
| R2 | 0.170 | 6.25% |
| R1 | 0.167 | 4.38% |
| Price | 0.160 | |
| S1 | 0.154 | -4.06% |
| S2 | 0.141 | -11.81% |
| S3 | 0.130 | -18.75% |
FAQ
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