VBI Vaccines Inc. Stock Forecast
VBI Vaccines Inc. stock downgraded to Sell Candidate
(Updated on May 02, 2024)
The VBI Vaccines Inc. stock price gained 2.30% on the last trading day (Thursday, 2nd May 2024), rising from $0.570 to $0.583. During the last trading day the stock fluctuated 5.92% from a day low at $0.557 to a day high of $0.590. The price has been going up and down for this period, and there has been a -7.48% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 82 thousand shares were bought and sold for approximately $47.94 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.564 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect VBI Vaccines Inc. stock with a 90% probability to be traded between $0.559 and $0.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VBIV Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 3.30%. Further rise is indicated until a new top pivot has been found. VBI Vaccines Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VBI Vaccines 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 $0.615. On a fall, the stock will find some support from the short-term average at $0.579. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for VBI Vaccines Inc. stock
VBI Vaccines Inc. finds support from accumulated volume at $0.580 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0330 between high and low, or 5.92%. For the last week, the stock has had daily average volatility of 6.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VBIV) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect VBI Vaccines Inc. to open at $0.577, and during the day (based on 14 day Average True Range), to move between $0.514 and $0.651, which gives a possible trading interval of +/-$0.0683 (+/-11.72%) up or down from last closing price. If VBI Vaccines Inc. takes out the full calculated possible swing range there will be an estimated 23.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.580 (0.45%) than the resistance at $0.660 (13.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VBI Vaccines Inc. stock A Buy?
VBI Vaccines 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 Hold/Accumulate to a Sell candidate.
Current score: -1.703 Sell Candidate Downgraded
Predicted Opening Price for VBI Vaccines Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.577 ( 1.04%) | $0.583 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VBIV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.610 | 4.62 % | |
| R2 | 0.597 | 2.46 % | ||
| R1 | 0.589 | 1.12 % | ||
| Current price: | 0.583 | |||
| Support | S1 | 0.564 | -3.21 % | |
| S2 | 0.556 | -4.54 % | ||
| S3 | 0.544 | -6.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.700 | 20.15 % | |
| R2 | 0.668 | 14.69 % | ||
| R1 | 0.660 | 13.29 % | ||
| Current price | 0.583 | |||
| Support | S1 | 0.580 | -0.446% | |
| S2 | 0.576 | -1.13% | ||
| S3 | 0.564 | -3.19% |
VBIV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 02, 2012 | Apr 02, 2012 | Apr 02, 2012 | $0.250 | 0.0302% |
| 2 | Jan 12, 2006 | Jan 12, 2006 | Jan 12, 2006 | $0.750 | 16.73% |
| 3 | Dec 18, 2003 | Dec 18, 2003 | Dec 18, 2003 | $0.250 | 7.25% |
FAQ
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