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 Wednesday moving 10.93% between high and low
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Veru stock price gained 6.02% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.610 to $0.647. It has now gained 3 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 10.93% from a day low at $0.583 to a day high of $0.647. The price has fallen in 6 of the last 10 days but is still up by 0.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $1.10 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.676 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 16.03% during the next 3 months and, with a 90% probability hold a price between $0.513 and $0.785 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 $0.599 and $0.558. A breakdown below any of these levels will issue sell signals. Veru has increased 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. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -1.73%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Veru stock

Veru finds support from accumulated volume at $0.646 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0637 between high and low, or 10.93%. For the last week, the stock has had daily average volatility of 7.36%.

Our recommended stop-loss: $0.620 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (VERU) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Veru Inc. to open at $0.625, and during the day (based on 14 day Average True Range), to move between $0.596 and $0.698, which gives a possible trading interval of +/-$0.0510 (+/-7.88%) up or down from last closing price. If Veru Inc. takes out the full calculated possible swing range there will be an estimated 15.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.646 (0.06%) than the resistance at $0.658 (1.76%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.916 Buy Candidate Upgraded

Predicted Opening Price for Veru Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.625 ( 3.27%) $0.647

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 0.689 6.58 %
R2 0.665 2.81 %
R1 0.650 0.490 %
Current price: 0.647
Support S1 0.601 -7.04 %
S2 0.586 -9.36 %
S3 0.562 -13.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.759 17.31 %
R2 0.720 11.35 %
R1 0.658 1.76 %
Current price 0.647
Support S1 0.646 -0.0619%
S2 0.590 -8.75%
S3 0.555 -14.17%

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?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a 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 2024-03-27, the price of an Veru (VERU) share was $0.647.

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 2024-03-27, the market capitalization of Veru is 94.65M.

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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