RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VRME
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Evaluation of VerifyMe, Inc. stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 07, 2024 Gain 20.19% PDF

The VerifyMe, Inc. stock price fell by -3.13% on the last day (Thursday, 28th Mar 2024) from $1.44 to $1.40. During the last trading day the stock fluctuated 3.24% from a day low at $1.39 to a day high of $1.44. The price has risen in 7 of the last 10 days and is up by 14.68% over the past 2 weeks. 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 -31 thousand shares and in total, 24 thousand shares were bought and sold for approximately $33.47 thousand.

The stock lies in the middle of a very wide and strong 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 21.80% during the next 3 months and, with a 90% probability hold a price between $1.46 and $1.83 at the end of this 3-month period.

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VRME Signals & Forecast

The VerifyMe, Inc. 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 $1.38 and $1.23. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, March 12, 2024, and so far it has fallen -3.79%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Thursday, February 08, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, February 08, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for VerifyMe, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.12 and $1.11. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, VerifyMe, Inc. finds support just below today's level at $1.12. If this is broken, then the next support from accumulated volume will be at $1.11 and $1.08.

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 $0.0450 between high and low, or 3.24%. For the last week the stock has had daily average volatility of 5.65%.

Our recommended stop-loss: $1.33 (-4.35%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (VRME) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect VerifyMe, Inc. to open at $1.41, and during the day (based on 14 day Average True Range), to move between $1.31 and $1.48, which gives a possible trading interval of +/-$0.0844 (+/-6.05%) up or down from last closing price. If VerifyMe, Inc. takes out the full calculated possible swing range there will be an estimated 12.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.40 (0.36%) than the support at $1.12 (19.71%), 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 VerifyMe, 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 VerifyMe, Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.509 Buy Candidate Downgraded

Predicted Opening Price for VerifyMe, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.41 ( 0.84%) $1.40

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

Trading levels for VRME

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.45 4.06 %
R2 1.43 2.83 %
R1 1.42 2.07 %
Current price: 1.40
Support S1 1.39 -0.396 %
S2 1.38 -1.16 %
S3 1.36 -2.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.45 3.94 %
R2 1.44 3.23 %
R1 1.40 0.358 %
Current price 1.40
Support S1 1.12 -19.71%
S2 1.11 -20.43%
S3 1.08 -22.58%

FAQ

What is the symbol for VerifyMe, Inc. Stock and on which exchange is it traded?
The symbol for VerifyMe, Inc. is VRME and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell VerifyMe, Inc. Stock?
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 VerifyMe, Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy VerifyMe, Inc. Stock?
VerifyMe, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy VerifyMe, Inc. Stock.

What's the current price of VerifyMe, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an VerifyMe, Inc. (VRME) share was $1.40.

What is the 52-week high and low for VerifyMe, Inc. Stock?
The 52-week high for VerifyMe, Inc. Stock is $2.27 and the 52-week low is $0.85.

What is the market capitalization of VerifyMe, Inc. Stock?
As of the 2024-03-28, the market capitalization of VerifyMe, Inc. is 14.123M.

When is the next earnings date for VerifyMe, Inc.?
The upcoming earnings date for VerifyMe, Inc. is May 09, 2024.
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About VerifyMe, Inc.

VerifyMe. VerifyMe, Inc., a technology solutions provider, provides products to connect brands with consumers in the United States. The company offers VerifyMe Engage services that provides the ability for the brand owner to gather business intelligence and engage with the consumer using authentication test as the initial contact with the consumer. It also offers VerifyMe Authenticate services that provide an assortment of tools through its patented produc... VRME Profile

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