Venus Concept Inc. Stock Forecast
Volatile ride for Venus Concept Inc. stock price on Friday moving between $0.760 and $0.86
(Updated on Apr 19, 2024)
The Venus Concept Inc. stock price fell by -2.98% on the last day (Friday, 19th Apr 2024) from $0.84 to $0.82. During the last trading day the stock fluctuated 13.16% from a day low at $0.760 to a day high of $0.86. The price has been going up and down for this period, and there has been a 11.8% gain for the last 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 -39 thousand shares and in total, 15 thousand shares were bought and sold for approximately $12.63 thousand.
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 -34.70% during the next 3 months and, with a 90% probability hold a price between $0.367 and $0.90 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VERO Signals & Forecast
The Venus Concept 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 $0.750 and $0.728. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 33.61%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Venus Concept Inc. stock
Venus Concept Inc. finds support from accumulated volume at $0.784 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.1000 between high and low, or 13.16%. For the last week the stock has had daily average volatility of 21.17%.
Our recommended stop-loss: $0.784 (-3.86%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (VERO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Venus Concept Inc. to open at $0.81, and during the day (based on 14 day Average True Range), to move between $0.711 and $0.92, which gives a possible trading interval of +/-$0.104 (+/-12.79%) up or down from last closing price. If Venus Concept Inc. takes out the full calculated possible swing range there will be an estimated 25.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.784 (3.82%) than the resistance at $0.87 (6.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Venus Concept 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.
Current score: 2.219 Buy Candidate Unchanged
Predicted Opening Price for Venus Concept Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.81 ( 0.409%) | $0.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VERO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.91 | 11.86 % | |
| R2 | 0.87 | 7.17 % | ||
| R1 | 0.85 | 4.28 % | ||
| Current price: | 0.82 | |||
| Support | S1 | 0.773 | -5.10 % | |
| S2 | 0.750 | -7.99 % | ||
| S3 | 0.712 | -12.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.94 | 15.83 % | |
| R2 | 0.94 | 15.33 % | ||
| R1 | 0.87 | 6.75 % | ||
| Current price | 0.82 | |||
| Support | S1 | 0.784 | -3.82% | |
| S2 | 0.720 | -11.66% | ||
| S3 | 0.642 | -21.28% |
FAQ
Click here for our free guide on how to buy Venus Concept Inc. Stock.
