Vaxart Stock Forecast
Vaxart stock upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Vaxart stock price fell by -1.61% on the last day (Tuesday, 2nd Jul 2024) from $0.689 to $0.678. During the last trading day the stock fluctuated 6.17% from a day low at $0.668 to a day high of $0.709. The price has been going up and down for this period, and there has been a 29% gain for the last 2 weeks. Volume has increased on the last day by 84 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, 2 million shares were bought and sold for approximately $1.18 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 -23.79% during the next 3 months and, with a 90% probability hold a price between $0.346 and $0.672 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VXRT 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 Vaxart 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 $0.688 and $0.785. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -9.33%. Further fall is indicated until a new bottom pivot has been found. Vaxart gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Vaxart stock
Vaxart finds support from accumulated volume at $0.676 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 $0.0412 between high and low, or 6.17%. For the last week, the stock has had daily average volatility of 6.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VXRT) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Vaxart to open at $0.685, and during the day (based on 14 day Average True Range), to move between $0.601 and $0.754, which gives a possible trading interval of +/-$0.0762 (+/-11.25%) up or down from last closing price. If Vaxart takes out the full calculated possible swing range there will be an estimated 22.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.676 (0.25%) than the resistance at $0.684 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vaxart stock A Buy?
Vaxart 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: -4.278 Sell Candidate Upgraded
Predicted Opening Price for Vaxart of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.685 ( 1.09%) | $0.678 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VXRT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.726 | 7.17% |
| R2 | 0.710 | 4.85% |
| R1 | 0.701 | 3.42% |
| Price | 0.678 | |
| S1 | 0.669 | -1.23% |
| S2 | 0.659 | -2.67% |
| S3 | 0.644 | -4.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.719 | 6.11% |
| R2 | 0.706 | 4.22% |
| R1 | 0.684 | 0.90% |
| Price | 0.678 | |
| S1 | 0.676 | -0.251% |
| S2 | 0.572 | -15.51% |
| S3 | 0.525 | -22.48% |
VXRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 25, 2012 | Nov 09, 2012 | Feb 14, 2018 | $12.19 | 143.39% |
FAQ
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