Veru Stock Forecast
Big movements in Veru stock price on Thursday moving 11.55% between high and low
(Updated on Mar 28, 2024)
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
# | 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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