Voyager Therapeutics Stock Forecast
Voyager Therapeutics stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Voyager Therapeutics stock price gained 3.28% on the last trading day (Friday, 3rd May 2024), rising from $8.53 to $8.81. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.60% from a day low at $8.61 to a day high of $8.92. The price has risen in 8 of the last 10 days and is up by 17.47% 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, 25 thousand more shares were traded than the day before. In total, 453 thousand shares were bought and sold for approximately $3.99 million.
The stock lies in the middle of a very wide and weak 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 3.57% during the next 3 months and, with a 90% probability hold a price between $7.72 and $11.06 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VYGR Signals & Forecast
Mostly positive signals in the chart today. The Voyager Therapeutics stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $8.05 and $8.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 18.73%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Voyager Therapeutics stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.32 and $7.57. 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, Voyager Therapeutics finds support just below today's level at $8.32. If this is broken, then the next support from accumulated volume will be at $7.57 and $7.55.
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 $0.310 between high and low, or 3.60%. For the last week, the stock has had daily average volatility of 4.81%.
Since the Voyager Therapeutics has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $8.48 (-3.78%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (VYGR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Voyager Therapeutics to open at $8.78, and during the day (based on 14 day Average True Range), to move between $8.39 and $9.23, which gives a possible trading interval of +/-$0.421 (+/-4.78%) up or down from last closing price. If Voyager Therapeutics takes out the full calculated possible swing range there will be an estimated 9.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.09 (3.18%) than the support at $8.32 (5.56%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Voyager Therapeutics stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Voyager Therapeutics stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.290 Buy Candidate Upgraded
Predicted Opening Price for Voyager Therapeutics of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$8.78 ( 0.341%) | $8.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VYGR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.09 | 3.18 % | |
R2 | 8.97 | 1.83 % | ||
R1 | 8.90 | 1.00 % | ||
Current price: | 8.81 | |||
Support | S1 | 8.66 | -1.68 % | |
S2 | 8.59 | -2.52 % | ||
S3 | 8.47 | -3.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.44 | 7.15 % | |
R2 | 9.28 | 5.33 % | ||
R1 | 9.09 | 3.18 % | ||
Current price | 8.81 | |||
Support | S1 | 8.32 | -5.56% | |
S2 | 7.57 | -14.07% | ||
S3 | 7.55 | -14.30% |
FAQ
Click here for our free guide on how to buy Voyager Therapeutics Stock.