Valneva SE Stock Forecast
Valneva SE stock price up 0.688% on Friday
(Updated on May 17, 2024)
The Valneva SE stock price gained 0.688% on the last trading day (Friday, 17th May 2024), rising from 4.07€ to 4.10€. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.40% from a day low at 4.08€ to a day high of 4.17€. The price has risen in 7 of the last 10 days and is up by 19.39% over the past 2 weeks. Volume fell on the last day by -717 thousand shares and in total, 495 thousand shares were bought and sold for approximately 2.03€ million. 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 4.19€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.29% during the next 3 months and, with a 90% probability hold a price between 3.71€ and 4.70€ at the end of this 3-month period.
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VLA.PA Signals & Forecast
Mostly positive signals in the chart today. The Valneva SE 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 3.71€ and 3.65€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 26.00%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Valneva SE stock
Valneva SE finds support from accumulated volume at 4.06€ 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.0980€ between high and low, or 2.40%. For the last week, the stock has had daily average volatility of 7.18%.
The Valneva SE stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs. Since the Valneva SE has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: 3.96€ (-3.38%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (VLA.PA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Valneva SE to open at 4.12€, and during the day (based on 14 day Average True Range), to move between 3.91€ and 4.29€, which gives a possible trading interval of +/-0.195€ (+/-4.75%) up or down from last closing price. If Valneva SE takes out the full calculated possible swing range there will be an estimated 9.49% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 4.06€, some 0.0440€ (1.07%) from the current price of 4.10€, our system finds the risk reward attractive.
Is Valneva SE 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 Valneva SE stock to perform well in the short-term.
Current score: 4.569 Buy Candidate Unchanged
Predicted Opening Price for Valneva SE of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 4.12€ ( 0.407%) | 4.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLA.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.21 | 2.80 % | |
| R2 | 4.18 | 1.88 % | ||
| R1 | 4.15 | 1.32 % | ||
| Current price: | 4.10 | |||
| Support | S1 | 4.08 | -0.507 % | |
| S2 | 4.06 | -1.07 % | ||
| S3 | 4.02 | -1.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4.10 | |||
| Support | S1 | 4.06 | -1.07% | |
| S2 | 3.69 | -10.00% | ||
| S3 | 3.32 | -18.93% |
FAQ
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