Veru Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Veru stock price on Friday moving between $1.30 and $1.55
(Updated on Apr 19, 2024)
The Veru stock price fell by -7.75% on the last day (Friday, 19th Apr 2024) from $1.42 to $1.31. During the last trading day the stock fluctuated 19.23% from a day low at $1.30 to a day high of $1.55. The price has risen in 6 of the last 10 days and is up by 41.61% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 3 million shares were bought and sold for approximately $3.41 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 86.61% during the next 3 months and, with a 90% probability hold a price between $1.54 and $3.50 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 $1.43. On a fall, the stock will find some support from the long-term average at approximately $0.85. 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 -26.82%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Veru stock
Veru finds support from accumulated volume at $1.26 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 $0.250 between high and low, or 19.23%. For the last week, the stock has had daily average volatility of 25.81%.
Our recommended stop-loss: $1.23 (-5.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (VERU) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Veru Inc. to open at $1.39, and during the day (based on 14 day Average True Range), to move between $1.11 and $1.51, which gives a possible trading interval of +/-$0.202 (+/-15.40%) up or down from last closing price. If Veru Inc. takes out the full calculated possible swing range there will be an estimated 30.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.26 (4.20%) than the resistance at $1.42 (8.40%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Veru stock to perform well in the short-term.
Current score: 1.363 Buy Candidate Unchanged
Predicted Opening Price for Veru Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.39 ( 5.85%) | $1.31 |
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 | 1.64 | 24.94 % | |
| R2 | 1.54 | 17.65 % | ||
| R1 | 1.48 | 13.14 % | ||
| Current price: | 1.31 | |||
| Support | S1 | 1.29 | -1.44 % | |
| S2 | 1.23 | -5.94 % | ||
| S3 | 1.14 | -13.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.53 | 16.79 % | |
| R2 | 1.52 | 16.03 % | ||
| R1 | 1.42 | 8.40 % | ||
| Current price | 1.31 | |||
| Support | S1 | 1.26 | -4.20% | |
| S2 | 1.17 | -10.69% | ||
| S3 | 1.03 | -21.37% |
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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