VistaGen Therapeutics Inc Stock Forecast
VistaGen Therapeutics Inc stock price down 2.86% on Monday
(Updated on Apr 15, 2024)
The VistaGen Therapeutics Inc stock price fell by -2.86% on the last day (Monday, 15th Apr 2024) from $4.89 to $4.75. During the last trading day the stock fluctuated 7.14% from a day low at $4.62 to a day high of $4.95. The price has fallen in 6 of the last 10 days and is down by -12.04% 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 -47 thousand shares and in total, 274 thousand shares were bought and sold for approximately $1.30 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.11% during the next 3 months and, with a 90% probability hold a price between $3.80 and $5.27 at the end of this 3-month period.
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 $5.09. On a fall, the stock will find some support from the long-term average at approximately $4.71. 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 Tuesday, April 02, 2024, and so far it has fallen -12.04%. Further fall is indicated until a new bottom pivot has been found. 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
On the downside, the stock finds support just below today's level from accumulated volume at $4.49 and $4.24. There is a 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 $4.49. If this is broken, then the next support from accumulated volume will be at $4.24 and $4.17.
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 $0.330 between high and low, or 7.14%. For the last week the stock has had daily average volatility of 6.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VTGN) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect VistaGen Therapeutics Inc to open at $4.77, and during the day (based on 14 day Average True Range), to move between $4.41 and $5.09, which gives a possible trading interval of +/-$0.343 (+/-7.22%) up or down from last closing price. If VistaGen Therapeutics Inc takes out the full calculated possible swing range there will be an estimated 14.45% 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 (2.11%) than the support at $4.49 (5.47%), 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?
VistaGen Therapeutics Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.477 Sell Candidate Unchanged
Predicted Opening Price for VistaGen Therapeutics Inc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $4.77 ( 0.491%) | $4.75 |
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 | 5.10 | 7.44 % | |
| R2 | 4.98 | 4.78 % | ||
| R1 | 4.90 | 3.15 % | ||
| Current price: | 4.75 | |||
| Support | S1 | 4.65 | -2.16 % | |
| S2 | 4.57 | -3.80 % | ||
| S3 | 4.44 | -6.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.40 | 13.68 % | |
| R2 | 5.28 | 11.16 % | ||
| R1 | 4.85 | 2.11 % | ||
| Current price | 4.75 | |||
| Support | S1 | 4.49 | -5.47% | |
| S2 | 4.24 | -10.84% | ||
| S3 | 4.17 | -12.21% |
FAQ
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