Vemanti Group, Inc. Stock Forecast

Vemanti Group, Inc. stock upgraded to Hold/Accumulate.
(Updated on Jun 24, 2024)

VMNT Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Vemanti Group, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vemanti Group, Inc. 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 $0.198 and $0.225. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -33.33%. Further fall is indicated until a new bottom pivot has been found.

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

Vemanti Group, Inc. finds support from accumulated volume at $0.175 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Vemanti Group, Inc. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $0.168 (-6.76%) (This stock has high daily movements and this gives high risk. Low RSI14 is 12 which reduces the risk some. There is a sell signal from a pivot top found 82 days ago.)

Trading Expectations (VMNT) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Vemanti Group, Inc. to open at $0.180, and during the day (based on 14 day Average True Range), to move between $0.163 and $0.197, which gives a possible trading interval of +/-$0.0168 (+/-9.35%) up or down from last closing price. If Vemanti Group, Inc. takes out the full calculated possible swing range there will be an estimated 18.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.175 (2.78%) than the resistance at $0.200 (11.11%), 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?

Vemanti Group, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Vemanti Group, Inc. of Tuesday, June 25, 2024

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