Veru Inc. Stock Analysis
Technical stock analysis for 18 January 2019
Veru Inc. fell by -0.74% in the last day from $1.35 to $1.34 and has now fallen 3 days in a row. The price has fallen in 7 of the last 10 days and is down by -0.75% for this period. Volume has increased in the last day by 22 289 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 67 733 shares bought and sold for approximately $90 762.20.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the VERU stock was $1.34. This is 0.74% less than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 2.94% from a day low at $1.33 to a day high of $1.37.
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 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 3.71% during the next 3 months and, with 90% probability hold a price between $1.31 and $1.63 at the end of this period.
There are few to none technical positive signals at the moment. 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 $1.38 and $1.41. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday January 16, 2019, which indicates further falls until a new bottom pivot has been found. Veru Inc. 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-off's". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Veru Inc. finds support from accumulated volume at $1.33.
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 $0.04 between high and low, or 2.94%. For the last week, the stock has had a daily average volatility of 6.82%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
The Veru Inc. stock holds several negative signals and despite the positive trend we believe Veru Inc. will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
|VERU $1.34 $-0.01(-0.74%)|
VERU is down $0.01 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for VERU based on the 1-3 month system that more than doubles the S&P 500.
Click here – the VERU analysis is free »