Veru Inc. Stock Analysis
Technical stock analysis for 22 January 2019
Veru Inc. gained 0.75% in the last trading day, rising from $1.34 to $1.35 The price has fallen in 7 of the last 10 days and is down by -12.9% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 18 056 more shares were traded than the day before. In total, 85 789 shares bought and sold for approximately $115 815.00.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the VERU stock was $1.35. This is 0.75% more than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 10.24% from a day low at $1.27 to a day high of $1.40.
30 day high of the VERU stock price was $1.65 and low was $1.27.
90 day high was $1.65 and low was $1.20.
52 week high for the Veru Inc. - $2.37 and low - $1.17.
Veru Inc. 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 3.29% during the next 3 months and, with 90% probability hold a price between $1.30 and $1.62 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday January 18, 2019, which indicates further gains until a new top pivot has been found. Veru Inc. has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Veru Inc. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $1.37 and $1.40. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
Veru Inc. finds support from accumulated volume at $1.34.
This stock may move much during a 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 $0.13 between high and low, or 10.24%. For the last week, the stock has had a daily average volatility of 5.90%.
Our recommended stoploss: $1.26 (-6.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
Very Low Low Medium High Very High
Veru Inc. holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|VERU $1.35 $0.01(0.75%)|
VERU is up $0.01 today, but where's it headed in 2019?
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