VeraOne USD Stock Forecast
Red day on Monday for VeraOne USD
(Updated on Jun 24, 2024)
No changes to the price of VeraOne USD stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $73.24 to a day high of $73.24. The price has risen in 5 of the last 10 days and is up by 0.05% over the past 2 weeks.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $70.09 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect VeraOne USD stock with a 90% probability to be traded between $71.44 and $89.09 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VROUSD Signals & Forecast
There are mixed signals in the stock today. The VeraOne USD 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 $74.46 and $74.58. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Sunday, June 23, 2024, and so far it has fallen 0%. 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). The stock had a Golden Star Signal on Wednesday, September 13, 2023 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, September 13, 2023 in the long-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 VeraOne USD stock
VeraOne USD finds support from accumulated volume at $73.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 2.39%
Our recommended stop-loss: $68.80 (-6.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (VROUSD) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect VeraOne USD to open at $73.24, and during the day (based on 14 day Average True Range), to move between $70.35 and $76.12, which gives a possible trading interval of +/-$2.88 (+/-3.94%) up or down from last closing price. If VeraOne USD takes out the full calculated possible swing range there will be an estimated 7.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $73.21 (0.03%) than the resistance at $75.02 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VeraOne USD stock A Buy?
VeraOne USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.612 Hold/Accumulate Unchanged
Predicted Opening Price for VeraOne USD of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $73.24 ( 0%) | $73.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VROUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 73.24 | - |
| R2 | 73.24 | - |
| R1 | 73.24 | - |
| Price | 73.24 | |
| S1 | 73.24 | - |
| S2 | 73.24 | - |
| S3 | 73.24 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 86.78 | 18.50% |
| R2 | 78.60 | 7.32% |
| R1 | 75.02 | 2.44% |
| Price | 73.24 | |
| S1 | 73.21 | -0.0349% |
| S2 | 73.20 | -0.0498% |
| S3 | 71.84 | -1.90% |
FAQ
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