Vanda Pharmaceuticals Inc. Stock Forecast
Is Vanda Pharmaceuticals Inc. stock still a buy after falling -5.15% on Thursday?
(Updated on Apr 18, 2024)
The Vanda Pharmaceuticals Inc. stock price fell by -5.15% on the last day (Thursday, 18th Apr 2024) from $5.24 to $4.97. During the last trading day the stock fluctuated 7.15% from a day low at $4.90 to a day high of $5.25. The price has fallen in 8 of the last 10 days but is still up by 1.02% 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 -20 million shares and in total, 4 million shares were bought and sold for approximately $19.05 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 13.44% during the next 3 months and, with a 90% probability hold a price between $4.50 and $5.96 at the end of this 3-month period.
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VNDA Signals & Forecast
The Vanda Pharmaceuticals Inc. 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 $4.43 and $4.17. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 17, 2024, and so far it has fallen -5.15%. 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 Vanda Pharmaceuticals Inc. stock
Vanda Pharmaceuticals Inc. finds support from accumulated volume at $4.92 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 much during the 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 $0.350 between high and low, or 7.15%. For the last week, the stock has had daily average volatility of 6.46%.
Our recommended stop-loss: $4.68 (-5.74%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (VNDA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Vanda Pharmaceuticals Inc. to open at $5.04, and during the day (based on 14 day Average True Range), to move between $4.60 and $5.34, which gives a possible trading interval of +/-$0.370 (+/-7.44%) up or down from last closing price. If Vanda Pharmaceuticals Inc. takes out the full calculated possible swing range there will be an estimated 14.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.92 (1.01%) than the resistance at $5.05 (1.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vanda Pharmaceuticals Inc. stock A Buy?
Vanda Pharmaceuticals Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.914 Hold/Accumulate Downgraded
Predicted Opening Price for Vanda Pharmaceuticals Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $5.04 ( 1.34%) | $4.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VNDA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.39 | 8.38 % | |
| R2 | 5.25 | 5.69 % | ||
| R1 | 5.17 | 4.03 % | ||
| Current price: | 4.97 | |||
| Support | S1 | 4.90 | -1.35 % | |
| S2 | 4.82 | -3.01 % | ||
| S3 | 4.69 | -5.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 5.24 | 5.43 % | ||
| R1 | 5.05 | 1.61 % | ||
| Current price | 4.97 | |||
| Support | S1 | 4.92 | -1.01% | |
| S2 | 4.07 | -18.11% | ||
| S3 | 3.91 | -21.33% |
FAQ
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