Vera Therapeutics, Inc. Stock Forecast
Volatile ride for Vera Therapeutics, Inc. stock price on Wednesday moving between $39.54 and $43.85
(Updated on May 01, 2024)
The Vera Therapeutics, Inc. stock price gained 7.11% on the last trading day (Wednesday, 1st May 2024), rising from $39.51 to $42.32. During the last trading day the stock fluctuated 10.90% from a day low at $39.54 to a day high of $43.85. The price has risen in 6 of the last 10 days and is up by 5.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 589 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $56.58 million.
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 -6.59% during the next 3 months and, with a 90% probability hold a price between $33.96 and $44.88 at the end of this 3-month period.
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VERA Signals & Forecast
The Vera Therapeutics, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $40.15 and $41.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.37%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Vera Therapeutics, Inc. stock
Vera Therapeutics, Inc. finds support from accumulated volume at $41.62 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.31 between high and low, or 10.90%. For the last week, the stock has had daily average volatility of 6.65%.
Our recommended stop-loss: $40.50 (-4.30%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (VERA) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Vera Therapeutics, Inc. to open at $41.90, and during the day (based on 14 day Average True Range), to move between $39.17 and $45.47, which gives a possible trading interval of +/-$3.15 (+/-7.44%) up or down from last closing price. If Vera Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 14.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.62 (1.65%) than the resistance at $44.89 (6.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Vera Therapeutics, Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.530. We will update the financials statements for Vera Therapeutics, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.15% in the first trading day after earnings release.
Is Vera Therapeutics, 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 Sell to a Buy candidate.
Current score: 2.526 Buy Candidate Upgraded
Predicted Opening Price for Vera Therapeutics, Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $41.90 ( 0.98%) | $42.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VERA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.21 | 9.20 % | |
| R2 | 44.57 | 5.31 % | ||
| R1 | 43.55 | 2.91 % | ||
| Current price: | 42.32 | |||
| Support | S1 | 40.26 | -4.87 % | |
| S2 | 39.24 | -7.28 % | ||
| S3 | 37.59 | -11.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.82 | 15.36 % | |
| R2 | 47.97 | 13.35 % | ||
| R1 | 44.89 | 6.07 % | ||
| Current price | 42.32 | |||
| Support | S1 | 41.62 | -1.65% | |
| S2 | 38.00 | -10.21% | ||
| S3 | 37.01 | -12.55% |
FAQ
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