VistaGen Therapeutics Inc Stock Forecast
VistaGen Therapeutics Inc stock price down 2.28% on Wednesday
(Updated on Apr 24, 2024)
The VistaGen Therapeutics Inc stock price fell by -2.28% on the last day (Wednesday, 24th Apr 2024) from $4.83 to $4.72. During the last trading day the stock fluctuated 4.52% from a day low at $4.65 to a day high of $4.86. The price has risen in 6 of the last 10 days but is still down by -7.45% for this period. 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 -42 thousand shares and in total, 148 thousand shares were bought and sold for approximately $696.26 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect VistaGen Therapeutics Inc stock with a 90% probability to be traded between $3.79 and $5.26 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VTGN Signals & Forecast
The VistaGen Therapeutics Inc 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 $4.73. On a fall, the stock will find some support from the long-term average at approximately $4.65. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.51%. Further rise is indicated until a new top pivot has been found. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for VistaGen Therapeutics Inc stock
VistaGen Therapeutics Inc finds support from accumulated volume at $4.49 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.210 between high and low, or 4.52%. For the last week the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: $4.44 (-5.86%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (VTGN) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect VistaGen Therapeutics Inc to open at $4.74, and during the day (based on 14 day Average True Range), to move between $4.43 and $5.01, which gives a possible trading interval of +/-$0.287 (+/-6.08%) up or down from last closing price. If VistaGen Therapeutics Inc takes out the full calculated possible swing range there will be an estimated 12.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.85 (2.75%) than the support at $4.49 (4.87%), 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 VistaGen Therapeutics Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for VistaGen Therapeutics Inc stock to perform well in the short-term period.
Current score: 1.897 Buy Candidate Unchanged
Predicted Opening Price for VistaGen Therapeutics Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $4.74 ( 0.494%) | $4.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTGN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.95 | 4.94 % | |
| R2 | 4.87 | 3.24 % | ||
| R1 | 4.82 | 2.19 % | ||
| Current price: | 4.72 | |||
| Support | S1 | 4.66 | -1.21 % | |
| S2 | 4.61 | -2.26 % | ||
| S3 | 4.53 | -3.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.40 | 14.41 % | |
| R2 | 5.28 | 11.86 % | ||
| R1 | 4.85 | 2.75 % | ||
| Current price | 4.72 | |||
| Support | S1 | 4.49 | -4.87% | |
| S2 | 4.24 | -10.28% | ||
| S3 | 4.17 | -11.65% |
FAQ
Click here for our free guide on how to buy VistaGen Therapeutics Inc Stock.
