Vemanti Group, Inc. Stock Forecast

Volatile ride for Vemanti Group, Inc. stock price on Thursday moving between $0.212 and $0.240
(Updated on May 23, 2024)

VMNT Signals & Forecast

The Vemanti Group, Inc. 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 $0.244. On a fall, the stock will find some support from the long-term average at approximately $0.232. 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 Wednesday, May 08, 2024, and so far it has fallen -11.19%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Vemanti Group, Inc. stock

Vemanti Group, Inc. finds support from accumulated volume at $0.230 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0278 between high and low, or 13.11%. For the last week the stock has had daily average volatility of 16.76%.

Our recommended stop-loss: $0.226 (-5.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 62 days ago.)

Trading Expectations (VMNT) For The Upcoming Trading Day Of Friday 24th

For the upcoming trading day on Friday, 24th we expect Vemanti Group, Inc. to open at $0.231, and during the day (based on 14 day Average True Range), to move between $0.206 and $0.274, which gives a possible trading interval of +/-$0.0339 (+/-14.15%) up or down from last closing price. If Vemanti Group, Inc. takes out the full calculated possible swing range there will be an estimated 28.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.230 (4.09%) than the resistance at $0.250 (4.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vemanti Group, 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 Vemanti Group, Inc. 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: 1.969 Buy Candidate Upgraded

Predicted Opening Price for Vemanti Group, Inc. of Friday, May 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.