Verde Clean Fuels, Inc. Stock Forecast
Evaluation of Verde Clean Fuels, Inc. stock downgraded after the last trading session.
(Updated on Apr 29, 2024)
The Verde Clean Fuels, Inc. stock price gained 1.74% on the last trading day (Monday, 29th Apr 2024), rising from $4.60 to $4.68. During the last trading day the stock fluctuated 3.31% from a day low at $4.53 to a day high of $4.68. The price has been going up and down for this period, and there has been a 3.08% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately $10.20 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.86% during the next 3 months and, with a 90% probability hold a price between $4.30 and $7.49 at the end of this 3-month period.
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VGAS Signals & Forecast
The Verde Clean Fuels, 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 $4.52 and $4.07. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -12.52%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, April 11, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, April 11, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Verde Clean Fuels, Inc. stock
Verde Clean Fuels, Inc. finds support from accumulated volume at $4.67 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 $0.150 between high and low, or 3.31%. For the last week the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: $4.43 (-5.26%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (VGAS) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Verde Clean Fuels, Inc. to open at $4.63, and during the day (based on 14 day Average True Range), to move between $4.31 and $5.05, which gives a possible trading interval of +/-$0.366 (+/-7.83%) up or down from last closing price. If Verde Clean Fuels, Inc. takes out the full calculated possible swing range there will be an estimated 15.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.67 (0.32%) than the resistance at $4.80 (2.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Verde Clean Fuels, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Verde Clean Fuels, Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.562 Buy Candidate Downgraded
Predicted Opening Price for Verde Clean Fuels, Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $4.63 ( 1.07%) | $4.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VGAS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.78 | 2.14 % | |
| R2 | 4.72 | 0.91 % | ||
| R1 | 4.69 | 0.156 % | ||
| Current price: | 4.68 | |||
| Support | S1 | 4.57 | -2.29 % | |
| S2 | 4.54 | -3.05 % | ||
| S3 | 4.48 | -4.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.35 | 14.32 % | |
| R2 | 5.28 | 12.82 % | ||
| R1 | 4.80 | 2.56 % | ||
| Current price | 4.68 | |||
| Support | S1 | 4.67 | -0.321% | |
| S2 | 3.95 | -15.60% | ||
| S3 | 3.81 | -18.59% |
FAQ
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