Vaxart Stock Forecast
Big movements in Vaxart stock price on Thursday moving 10.16% between high and low
(Updated on Mar 28, 2024)
The Vaxart stock price gained 0.775% on the last trading day (Thursday, 28th Mar 2024), rising from $1.29 to $1.30. During the last trading day the stock fluctuated 10.16% from a day low at $1.28 to a day high of $1.41. The price has risen in 5 of the last 10 days and is up by 18.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $3.61 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 72.19% during the next 3 months and, with a 90% probability hold a price between $2.02 and $2.96 at the end of this 3-month period.
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VXRT Signals & Forecast
The Vaxart stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.25 and $1.22. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, February 21, 2024, and so far it has fallen -7.80%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Vaxart stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.23 and $1.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vaxart finds support just below today's level at $1.23. If this is broken, then the next support from accumulated volume will be at $1.20 and $1.18.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.130 between high and low, or 10.16%. For the last week, the stock has had daily average volatility of 6.94%.
Our recommended stop-loss: $1.24 (-4.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (VXRT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vaxart to open at $1.33, and during the day (based on 14 day Average True Range), to move between $1.21 and $1.39, which gives a possible trading interval of +/-$0.0930 (+/-7.15%) up or down from last closing price. If Vaxart takes out the full calculated possible swing range there will be an estimated 14.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.23 (5.38%) than the resistance at $1.40 (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 Vaxart stock A Buy?
Vaxart holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.127 Strong Buy Candidate Upgraded
Predicted Opening Price for Vaxart of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$1.33 ( 2.31%) | $1.30 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 1.46 | 12.31 % | |
R2 | 1.41 | 8.49 % | ||
R1 | 1.38 | 6.13 % | ||
Current price: | 1.30 | |||
Support | S1 | 1.28 | -1.51 % | |
S2 | 1.25 | -3.87 % | ||
S3 | 1.20 | -7.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 1.41 | 8.46 % | ||
R1 | 1.40 | 7.69 % | ||
Current price | 1.30 | |||
Support | S1 | 1.23 | -5.38% | |
S2 | 1.20 | -7.69% | ||
S3 | 1.18 | -9.23% |
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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