Ventyx Biosciences, Inc. Stock Forecast
Ventyx Biosciences, Inc. stock price ended at $4.35 on Thursday, after losing 0.685%.
(Updated on Apr 18, 2024)
The Ventyx Biosciences, Inc. stock price fell by -0.685% on the last day (Thursday, 18th Apr 2024) from $4.38 to $4.35. During the last trading day the stock fluctuated 5.79% from a day low at $4.24 to a day high of $4.48. The price has fallen in 6 of the last 10 days and is down by -11.22% for this period. Volume has increased on the last day by 68 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 837 thousand shares were bought and sold for approximately $3.64 million.
Given the current short-term trend, the stock is expected to rise 54.64% during the next 3 months and, with a 90% probability hold a price between $6.73 and $18.77 at the end of this 3-month period.
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VTYX Signals & Forecast
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. The Ventyx Biosciences, 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 $4.59 and $6.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -57.06%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ventyx Biosciences, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.245 between high and low, or 5.79%. For the last week, the stock has had daily average volatility of 5.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VTYX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Ventyx Biosciences, Inc. to open at $4.36, and during the day (based on 14 day Average True Range), to move between $3.83 and $4.87, which gives a possible trading interval of +/-$0.516 (+/-11.85%) up or down from last closing price. If Ventyx Biosciences, Inc. takes out the full calculated possible swing range there will be an estimated 23.70% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.60, some $0.250 (5.75%) from the current price of $4.35, our system finds the risk reward not very attractive.
Is Ventyx Biosciences, Inc. stock A Buy?
The Ventyx Biosciences, Inc. stock holds several negative signals and despite the positive trend, we believe Ventyx Biosciences, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.556 Sell Candidate Unchanged
Predicted Opening Price for Ventyx Biosciences, Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $4.36 ( 0.115%) | $4.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTYX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.60 | 5.75 % | |
| R2 | 4.51 | 3.60 % | ||
| R1 | 4.45 | 2.27 % | ||
| Current price: | 4.35 | |||
| Support | S1 | 4.26 | -2.04 % | |
| S2 | 4.20 | -3.37 % | ||
| S3 | 4.11 | -5.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.24 | 20.46 % | |
| R2 | 5.04 | 15.86 % | ||
| R1 | 4.60 | 5.75 % | ||
| Current price | 4.35 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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