Verve Therapeutics, Inc. Stock Forecast
Red day on Tuesday for Verve Therapeutics, Inc.
(Updated on Apr 23, 2024)
The Verve Therapeutics, Inc. stock price fell by -0.434% on the last day (Tuesday, 23rd Apr 2024) from $6.91 to $6.88. During the last trading day the stock fluctuated 8.49% from a day low at $6.83 to a day high of $7.41. The price has fallen in 8 of the last 10 days and is down by -21.37% for this period. Volume has increased on the last day by 65 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 953 thousand shares were bought and sold for approximately $6.56 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.48 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.90% during the next 3 months and, with a 90% probability hold a price between $4.87 and $11.21 at the end of this 3-month period.
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VERV Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.61%. 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. The Verve Therapeutics, 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 $6.90 and $10.99. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Verve Therapeutics, Inc. stock
Verve Therapeutics, Inc. finds support from accumulated volume at $6.74 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 $0.580 between high and low, or 8.49%. For the last week, the stock has had daily average volatility of 7.27%.
Verve Therapeutics, Inc. is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VERV) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Verve Therapeutics, Inc. to open at $7.04, and during the day (based on 14 day Average True Range), to move between $6.14 and $7.62, which gives a possible trading interval of +/-$0.745 (+/-10.83%) up or down from last closing price. If Verve Therapeutics, Inc. takes out the full calculated possible swing range there will be an estimated 21.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.74 (2.03%) than the resistance at $8.01 (16.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Verve Therapeutics, Inc. stock A Buy?
Verve Therapeutics, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.865 Sell Candidate Unchanged
Predicted Opening Price for Verve Therapeutics, Inc. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $7.04 ( 2.33%) | $6.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VERV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.62 | 10.76 % | |
| R2 | 7.40 | 7.54 % | ||
| R1 | 7.26 | 5.55 % | ||
| Current price: | 6.88 | |||
| Support | S1 | 6.82 | -0.89 % | |
| S2 | 6.68 | -2.88 % | ||
| S3 | 6.46 | -6.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.52 | 23.84 % | |
| R2 | 8.32 | 20.93 % | ||
| R1 | 8.01 | 16.42 % | ||
| Current price | 6.88 | |||
| Support | S1 | 6.74 | -2.03% | |
| S2 | 6.66 | -3.20% | ||
| S3 | 6.64 | -3.49% |
FAQ
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