VirTra Inc Stock Forecast
VirTra Inc stock upgraded to Sell Candidate.
(Updated on Jun 21, 2024)
The VirTra Inc stock price gained 0.388% on the last trading day (Friday, 21st Jun 2024), rising from $7.74 to $7.77. During the last trading day the stock fluctuated 4.01% from a day low at $7.49 to a day high of $7.79. The price has fallen in 6 of the last 10 days and is down by -8.05% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 thousand more shares were traded than the day before. In total, 234 thousand shares were bought and sold for approximately $1.82 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.00% during the next 3 months and, with a 90% probability hold a price between $3.61 and $11.11 at the end of this 3-month period.
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VTSI Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VirTra 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 $7.97 and $10.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -54.61%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for VirTra Inc stock
VirTra Inc finds support from accumulated volume at $7.74 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 $0.300 between high and low, or 4.01%. For the last week, the stock has had daily average volatility of 4.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VTSI) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect VirTra Inc to open at $7.68, and during the day (based on 14 day Average True Range), to move between $7.10 and $8.44, which gives a possible trading interval of +/-$0.668 (+/-8.59%) up or down from last closing price. If VirTra Inc takes out the full calculated possible swing range there will be an estimated 17.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.74 (0.39%) than the resistance at $8.17 (5.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VirTra Inc stock A Buy?
VirTra Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.375 Sell Candidate Upgraded
Predicted Opening Price for VirTra Inc of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $7.68 ( 1.12%) | $7.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTSI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.98 | 2.75% |
| R2 | 7.87 | 1.27% |
| R1 | 7.80 | 0.360% |
| Price | 7.77 | |
| S1 | 7.57 | -2.59% |
| S2 | 7.50 | -3.50% |
| S3 | 7.38 | -4.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.47 | 9.01% |
| R2 | 8.23 | 5.92% |
| R1 | 8.17 | 5.15% |
| Price | 7.77 | |
| S1 | 7.74 | -0.386% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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