Virios Therapeutics, LLC Stock Forecast
High volatility in Virios Therapeutics, LLC stock price on Monday which ended trading at $0.354
(Updated on May 13, 2024)
The Virios Therapeutics, LLC stock price fell by -0.225% on the last day (Monday, 13th May 2024) from $0.355 to $0.354. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 14.65% from a day low at $0.340 to a day high of $0.390. The price has fallen in 8 of the last 10 days and is down by -24.63% 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 -127 thousand shares and in total, 85 thousand shares were bought and sold for approximately $30.23 thousand.
Given the current short-term trend, the stock is expected to rise 16.30% during the next 3 months and, with a 90% probability hold a price between $0.412 and $0.724 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.
VIRI Signals & Forecast
There are few to no technical positive signals at the moment. The Virios Therapeutics, LLC 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 $0.392 and $0.451. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -38.95%. 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 $0.354 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 $0.0498 between high and low, or 14.65%. For the last week the stock has had daily average volatility of 13.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VIRI) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Virios Therapeutics, LLC to open at $0.361, and during the day (based on 14 day Average True Range), to move between $0.307 and $0.401, which gives a possible trading interval of +/-$0.0468 (+/-13.22%) up or down from last closing price. If Virios Therapeutics, LLC takes out the full calculated possible swing range there will be an estimated 26.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.354 (0.03%) than the resistance at $0.373 (5.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Virios Therapeutics, LLC stock A Buy?
The Virios Therapeutics, LLC stock holds several negative signals and despite the positive trend, we believe Virios Therapeutics, LLC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.418 Sell Candidate Upgraded
Predicted Opening Price for Virios Therapeutics, LLC of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| $0.361 ( 2.03%) | $0.354 |
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 | 0.411 | 16.10 % | |
| R2 | 0.392 | 10.72 % | ||
| R1 | 0.380 | 7.41 % | ||
| Current price: | 0.354 | |||
| Support | S1 | 0.342 | -3.34 % | |
| S2 | 0.331 | -6.66 % | ||
| S3 | 0.312 | -12.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.430 | 21.46 % | |
| R2 | 0.430 | 21.43 % | ||
| R1 | 0.373 | 5.22 % | ||
| Current price | 0.354 | |||
| Support | S1 | 0.354 | -0.0282% | |
| S2 | 0.332 | -6.24% | ||
| S3 | 0.330 | -6.89% |
FAQ
Click here for our free guide on how to buy Virios Therapeutics, LLC Stock.
