Ventyx Biosciences, Inc. Stock Forecast

Big movements in Ventyx Biosciences, Inc. stock price on Wednesday moving 31.17% between high and low
(Updated on May 01, 2024)

VTYX Signals & Forecast

There are mixed signals in the stock today. The Ventyx Biosciences, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.43. On a fall, the stock will find some support from the short-term average at $4.12. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -53.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Ventyx Biosciences, Inc. stock

Ventyx Biosciences, Inc. finds support from accumulated volume at $4.60 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 $1.17 between high and low, or 31.17%. For the last week, the stock has had daily average volatility of 10.65%.

Our recommended stop-loss: $4.42 (-5.46%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 38 days ago.)

Trading Expectations (VTYX) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Ventyx Biosciences, Inc. to open at $4.45, and during the day (based on 14 day Average True Range), to move between $4.23 and $5.13, which gives a possible trading interval of +/-$0.451 (+/-9.64%) up or down from last closing price. If Ventyx Biosciences, Inc. takes out the full calculated possible swing range there will be an estimated 19.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.60 (1.71%) than the resistance at $5.04 (7.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ventyx Biosciences, Inc. stock A Buy?

Ventyx Biosciences, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.984 Hold/Accumulate Upgraded

Predicted Opening Price for Ventyx Biosciences, Inc. of Thursday, May 2, 2024

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