Virios Therapeutics, LLC Stock Forecast
Virios Therapeutics, LLC stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The Virios Therapeutics, LLC stock price fell by -0.222% on the last day (Thursday, 18th Apr 2024) from $0.451 to $0.450. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.49% from a day low at $0.427 to a day high of $0.450. The price has fallen in 6 of the last 10 days and is down by -6.47% 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 -27 thousand shares and in total, 59 thousand shares were bought and sold for approximately $26.58 thousand.
The stock lies in the middle of a very wide and weak 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 6.56% during the next 3 months and, with a 90% probability hold a price between $0.353 and $0.626 at the end of this 3-month period.
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VIRI Signals & Forecast
The Virios Therapeutics, LLC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.469. On a fall, the stock will find some support from the long-term average at approximately $0.416. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, April 01, 2024, and so far it has fallen -22.43%. 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 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 Virios Therapeutics, LLC stock
Virios Therapeutics, LLC finds support from accumulated volume at $0.430 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 $0.0234 between high and low, or 5.49%. For the last week the stock has had daily average volatility of 9.83%.
Our recommended stop-loss: $0.423 (-6.08%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (VIRI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Virios Therapeutics, LLC to open at $0.442, and during the day (based on 14 day Average True Range), to move between $0.387 and $0.513, which gives a possible trading interval of +/-$0.0628 (+/-13.95%) up or down from last closing price. If Virios Therapeutics, LLC takes out the full calculated possible swing range there will be an estimated 27.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.457 (1.67%) than the support at $0.430 (4.40%), 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 Virios Therapeutics, LLC 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 Virios Therapeutics, LLC stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.187 Buy Candidate Upgraded
Predicted Opening Price for Virios Therapeutics, LLC of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.442 ( 1.72%) | $0.450 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIRI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.466 | 3.48 % | |
| R2 | 0.457 | 1.50 % | ||
| R1 | 0.451 | 0.268 % | ||
| Current price: | 0.450 | |||
| Support | S1 | 0.433 | -3.71 % | |
| S2 | 0.428 | -4.93 % | ||
| S3 | 0.419 | -6.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.484 | 7.67 % | |
| R2 | 0.470 | 4.42 % | ||
| R1 | 0.457 | 1.67 % | ||
| Current price | 0.450 | |||
| Support | S1 | 0.430 | -4.40% | |
| S2 | 0.423 | -6.09% | ||
| S3 | 0.387 | -13.96% |
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