Verb Technology Company Inc. Stock Forecast
Is Verb Technology Company Inc. stock still a buy after falling -5.31% on Friday?
(Updated on Apr 26, 2024)
The Verb Technology Company Inc. stock price fell by -5.31% on the last day (Friday, 26th Apr 2024) from $0.160 to $0.152. During the last trading day the stock fluctuated 6.27% from a day low at $0.152 to a day high of $0.161. The price has fallen in 7 of the last 10 days and is down by -17.91% 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 -1 million shares and in total, 8 million shares were bought and sold for approximately $1.19 million.
Given the current short-term trend, the stock is expected to rise 18.68% during the next 3 months and, with a 90% probability hold a price between $0.180 and $0.566 at the end of this 3-month period.
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VERB Signals & Forecast
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. The Verb Technology Company 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 $0.166 and $0.227. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -65.69%. 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.
Support, Risk & Stop-loss for Verb Technology Company Inc. stock
Verb Technology Company Inc. finds support from accumulated volume at $0.148 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 $0.0095 between high and low, or 6.27%. For the last week the stock has had daily average volatility of 11.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VERB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Verb Technology Company Inc. to open at $0.155, and during the day (based on 14 day Average True Range), to move between $0.113 and $0.190, which gives a possible trading interval of +/-$0.0383 (+/-25.22%) up or down from last closing price. If Verb Technology Company Inc. takes out the full calculated possible swing range there will be an estimated 50.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.148 (2.57%) than the resistance at $0.179 (18.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Verb Technology Company Inc. stock A Buy?
The Verb Technology Company Inc. stock holds several negative signals and despite the positive trend, we believe Verb Technology Company Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.259 Sell Candidate Unchanged
Predicted Opening Price for Verb Technology Company Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.155 ( 2.00%) | $0.152 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VERB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.164 | 8.26 % | |
| R2 | 0.161 | 5.87 % | ||
| R1 | 0.158 | 4.39 % | ||
| Current price: | 0.152 | |||
| Support | S1 | 0.151 | -0.393 % | |
| S2 | 0.149 | -1.87 % | ||
| S3 | 0.145 | -4.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.185 | 21.82 % | |
| R2 | 0.182 | 19.97 % | ||
| R1 | 0.179 | 18.00 % | ||
| Current price | 0.152 | |||
| Support | S1 | 0.148 | -2.57% | |
| S2 | 0.145 | -4.48% | ||
| S3 | 0.139 | -8.24% |
FAQ
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