VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
Bullish vs. Bearish (6 opinions)
83%
17%
Social Sentiment -0.16

VTGN Forecast and Technical Stock Analysis


Buy candidate since 2019-09-13 Gain 4.81% PDF

VistaGen Therapeutics Inc gained 4.81% in the last trading day ( Monday, 16th Sep 2019 ), rising from $1.04 to $1.09 During the day the stock fluctuated 15.49% from a day low at $0.95 to a day high of $1.10. The price has risen in 9 of the last 10 days and is up by 60.18% over the past 2 weeks. Volume fell in the last day by -174 835 shares and in total, 266 148 shares bought and sold for approximately $290 101.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the VTGN stock price was $1.18 and low was $0.49.
  • 90 day high was $1.18 and low was $0.38.
  • 52 week high for VistaGen Therapeutics Inc - $2.44 and low - $0.38.
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Trend

VistaGen Therapeutics Inc lies in the upper part of a very wide and strong rising trend in the short term, and this will 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 $1.10 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.52% during the next 3 months and, with 90% probability hold a price between $0.58 and $1.23 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday September 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. VistaGen Therapeutics Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $1.01 and $0.67. A break down below any of these levels will issue sell signals.

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Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 75 ]

RSI14 is 90 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $1.00 and $0.90.

There is 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, VistaGen Therapeutics Inc finds support just below today's level at $1.00. If this is broken, then the next support from accumulated volume will be at $0.90 and $0.84.

Support: $1.00 Price: $1.09 Resistance: $1.10

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.15 between high and low, or 15.49%. For the last week the stock has had a daily average volatility of 15.30%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $1.03 (-5.81%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from pivot top found 2 day(s) ago.)

15.30 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

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 this stock to perform well in the short-term.

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