RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VERU
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Big movements in Veru stock price on Thursday moving 11.55% between high and low
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 8.27% PDF

The Veru stock price gained 8.27% on the last trading day (Thursday, 28th Mar 2024), rising from $0.647 to $0.700. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 11.55% from a day low at $0.690 to a day high of $0.770. The price has been going up and down for this period, and there has been a 16.66% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $4.13 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 18.09% during the next 3 months and, with a 90% probability hold a price between $0.558 and $1.00 at the end of this 3-month period.

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VERU Signals & Forecast

The Veru 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 $0.613 and $0.565. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, January 19, 2024, and so far it has risen 89.22%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Veru stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.646 and $0.590. 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, Veru finds support just below today's level at $0.646. If this is broken, then the next support from accumulated volume will be at $0.590 and $0.555.

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 $0.0797 between high and low, or 11.55%. For the last week, the stock has had daily average volatility of 8.50%.

Our recommended stop-loss: $0.673 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)

Trading Expectations (VERU) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Veru Inc. to open at $0.720, and during the day (based on 14 day Average True Range), to move between $0.644 and $0.756, which gives a possible trading interval of +/-$0.0561 (+/-8.02%) up or down from last closing price. If Veru Inc. takes out the full calculated possible swing range there will be an estimated 16.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.720 (2.84%) than the support at $0.646 (7.70%), 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 Veru Inc. stock A Buy?

Veru 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: 6.607 Strong Buy Candidate Upgraded

Predicted Opening Price for Veru Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.720 ( 2.83%) $0.700

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 0.800 14.22 %
R2 0.769 9.87 %
R1 0.750 7.18 %
Current price: 0.700
Support S1 0.689 -1.52 %
S2 0.671 -4.20 %
S3 0.640 -8.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0.722 3.07 %
R1 0.720 2.84 %
Current price 0.700
Support S1 0.646 -7.70%
S2 0.590 -15.73%
S3 0.555 -20.73%

VERU Dividend Payout History


# Declaration Date 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

What is the symbol for Veru Stock and on which exchange is it traded?
The symbol for Veru is VERU and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Veru Stock?
Veru 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.

How to buy Veru Stock?
Veru Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Veru Stock.

What's the current price of Veru Stock?
As of the end of day on the 2024-03-28, the price of an Veru (VERU) share was $0.700.

What is the 52-week high and low for Veru Stock?
The 52-week high for Veru Stock is $1.52 and the 52-week low is $0.360.

What is the market capitalization of Veru Stock?
As of the 2024-03-28, the market capitalization of Veru is 102.481M.

When is the next earnings date for Veru?
The upcoming earnings date for Veru is May 09, 2024.
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About Veru Inc.

Veru Veru Inc., an oncology biopharmaceutical company, focuses on developing medicines for the management of cancers. Its commercial products comprise FC2 female condom/internal condom for the dual protection against unintended pregnancy and the transmission of sexually transmitted infections for ministries of health, government health agencies, U.N. agencies, nonprofit organizations, and commercial partners. The company's development drug candidates ... VERU Profile

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