Verde Clean Fuels, Inc. Stock Forecast
On Thursday, Verde Clean Fuels, Inc. stock price gained an impressive 6.96%
(Updated on May 16, 2024)
The Verde Clean Fuels, Inc. stock price gained 6.96% on the last trading day (Thursday, 16th May 2024), rising from $4.60 to $4.92. During the last trading day the stock fluctuated 9.33% from a day low at $4.50 to a day high of $4.92. The price has been going up and down for this period, and there has been a 1.44% gain for the last 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 6 thousand shares were bought and sold for approximately $30.18 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $5.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.39% during the next 3 months and, with a 90% probability hold a price between $3.79 and $5.64 at the end of this 3-month period.
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VGAS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -0.405%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 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 $4.67 and $4.46. A breakdown below any of these levels will issue sell signals. 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
On the downside, the stock finds support just below today's level from accumulated volume at $4.67 and $4.61. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Verde Clean Fuels, Inc. finds support just below today's level at $4.67. If this is broken, then the next support from accumulated volume will be at $4.61 and $3.95.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.420 between high and low, or 9.33%. For the last week the stock has had daily average volatility of 5.43%.
Our recommended stop-loss: $4.75 (-3.37%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (VGAS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Verde Clean Fuels, Inc. to open at $4.78, and during the day (based on 14 day Average True Range), to move between $4.62 and $5.22, which gives a possible trading interval of +/-$0.303 (+/-6.16%) 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 12.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.94 (0.41%) than the support at $4.67 (5.18%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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.
Current score: 2.722 Buy Candidate Unchanged
Predicted Opening Price for Verde Clean Fuels, Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $4.78 ( 2.85%) | $4.92 |
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 | 5.20 | 5.69 % | |
| R2 | 5.04 | 2.43 % | ||
| R1 | 4.94 | 0.415 % | ||
| Current price: | 4.92 | |||
| Support | S1 | 4.62 | -6.11 % | |
| S2 | 4.52 | -8.12 % | ||
| S3 | 4.36 | -11.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.28 | 7.32 % | |
| R2 | 5.25 | 6.71 % | ||
| R1 | 4.94 | 0.407 % | ||
| Current price | 4.92 | |||
| Support | S1 | 4.67 | -5.18% | |
| S2 | 4.61 | -6.30% | ||
| S3 | 3.95 | -19.72% |
FAQ
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