ViaDerma, Inc. Stock Forecast
ViaDerma, Inc. stock price took a fall of -8.33% on Friday
(Updated on Jun 14, 2024)
The ViaDerma, Inc. stock price fell by -8.33% on the last day (Friday, 14th Jun 2024) from $0.0060 to $0.0055. During the last trading day the stock fluctuated 0% from a day low at $0.0055 to a day high of $0.0055. The price has fallen in 5 of the last 10 days and is down by -20.29% 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 -139 thousand shares and in total, 88 thousand shares were bought and sold for approximately $481.25 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -43.64% during the next 3 months and, with a 90% probability hold a price between $0.0027 and $0.0046 at the end of this 3-month period. 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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VDRM Signals & Forecast
There are mixed signals in the stock today. The ViaDerma, 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 $0.0060 and $0.0075. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ViaDerma, 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VDRM) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect ViaDerma, Inc. to open at $0.0055, and during the day (based on 14 day Average True Range), to move between $0.0046 and $0.0064, which gives a possible trading interval of +/-$0.0009 (+/-15.53%) up or down from last closing price. If ViaDerma, Inc. takes out the full calculated possible swing range there will be an estimated 31.06% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0065, some $0.0010 (18.18%) from the current price of $0.0055, our system finds the risk reward not very attractive.
Is ViaDerma, Inc. stock A Buy?
ViaDerma, 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 Sell to a Strong Sell candidate.
Current score: -5.073 Strong Sell Candidate Downgraded
Predicted Opening Price for ViaDerma, Inc. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.0055 ( 0.00000000%) | $0.0055 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VDRM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0055 | 0.00000000% |
| R2 | 0.0055 | 0.00000000% |
| R1 | 0.0055 | 0.00000000% |
| Price | 0.0055 | |
| S1 | 0.0055 | 0.00000000% |
| S2 | 0.0055 | 0.00000000% |
| S3 | 0.0055 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0067 | 20.91% |
| R2 | 0.0066 | 20.00% |
| R1 | 0.0065 | 18.18% |
| Price | 0.0055 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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