Veru Stock Forecast
Big movements in Veru stock price on Thursday moving 11.32% between high and low
(Updated on Apr 25, 2024)
The Veru stock price fell by -8.33% on the last day (Thursday, 25th Apr 2024) from $1.32 to $1.21. During the last trading day the stock fluctuated 11.32% from a day low at $1.21 to a day high of $1.35. The price has fallen in 6 of the last 10 days and is down by -32.4% for this period. Volume has increased on the last day by 516 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 $2.47 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 98.74% during the next 3 months and, with a 90% probability hold a price between $1.83 and $3.87 at the end of this 3-month period.
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VERU Signals & Forecast
The Veru stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.28. On a fall, the stock will find some support from the long-term average at approximately $0.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -32.40%. 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 Veru stock
Veru finds support from accumulated volume at $1.17 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 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 $0.137 between high and low, or 11.32%. For the last week, the stock has had daily average volatility of 12.66%.
Our recommended stop-loss: $1.15 (-4.86%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (VERU) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Veru Inc. to open at $1.26, and during the day (based on 14 day Average True Range), to move between $1.02 and $1.40, which gives a possible trading interval of +/-$0.186 (+/-15.35%) up or down from last closing price. If Veru Inc. takes out the full calculated possible swing range there will be an estimated 30.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.17 (3.31%) than the resistance at $1.26 (3.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Veru Inc. stock A Buy?
Veru 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.737 Hold/Accumulate Downgraded
Predicted Opening Price for Veru Inc. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$1.26 ( 3.77%) | $1.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VERU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.39 | 15.10 % | |
R2 | 1.34 | 10.77 % | ||
R1 | 1.31 | 8.10 % | ||
Current price: | 1.21 | |||
Support | S1 | 1.20 | -0.551 % | |
S2 | 1.17 | -3.22 % | ||
S3 | 1.12 | -7.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.42 | 17.36 % | |
R2 | 1.28 | 5.37 % | ||
R1 | 1.26 | 3.72 % | ||
Current price | 1.21 | |||
Support | S1 | 1.17 | -3.31% | |
S2 | 1.16 | -4.13% | ||
S3 | 1.03 | -14.88% |
VERU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 24, 2014 | Apr 28, 2014 | May 07, 2014 | $0.0700 | 1.02% |
2 | Dec 16, 2013 | Jan 27, 2014 | Feb 05, 2014 | $0.0700 | 1.00% |
3 | Oct 04, 2013 | Oct 28, 2013 | Nov 06, 2013 | $0.0700 | 0.754% |
4 | Jul 15, 2013 | Jul 29, 2013 | Aug 07, 2013 | $0.0700 | 0.759% |
5 | Mar 27, 2013 | Apr 29, 2013 | May 08, 2013 | $0.0700 | 0.87% |
FAQ
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