VistaGen Therapeutics Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for VistaGen Therapeutics Inc stock price after Thursday trading.
(Updated on Apr 18, 2024)
The VistaGen Therapeutics Inc stock price gained 0.642% on the last trading day (Thursday, 18th Apr 2024), rising from $4.67 to $4.70. During the last trading day the stock fluctuated 4.78% from a day low at $4.60 to a day high of $4.82. The price has been going up and down for this period, and there has been a -11.15% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 79 thousand more shares were traded than the day before. In total, 193 thousand shares were bought and sold for approximately $908.82 thousand.
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 -2.24% during the next 3 months and, with a 90% probability hold a price between $3.79 and $5.26 at the end of this 3-month period.
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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 $4.87. On a fall, the stock will find some support from the long-term average at approximately $4.66. 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 1.08%. Further rise is indicated until a new top pivot has been found. VistaGen Therapeutics Inc 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.220 between high and low, or 4.78%. For the last week, the stock has had daily average volatility of 7.00%.
Our recommended stop-loss: $4.42 (-5.91%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (VTGN) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect VistaGen Therapeutics Inc to open at $4.71, and during the day (based on 14 day Average True Range), to move between $4.37 and $5.03, which gives a possible trading interval of +/-$0.326 (+/-6.93%) up or down from last closing price. If VistaGen Therapeutics Inc takes out the full calculated possible swing range there will be an estimated 13.86% 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 (3.19%) than the support at $4.49 (4.47%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.529 Hold/Accumulate Upgraded
Predicted Opening Price for VistaGen Therapeutics Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $4.71 ( 0.142%) | $4.70 |
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 | 4.93 | 4.82 % | |
| R2 | 4.84 | 3.03 % | ||
| R1 | 4.79 | 1.93 % | ||
| Current price: | 4.70 | |||
| Support | S1 | 4.62 | -1.65 % | |
| S2 | 4.57 | -2.75 % | ||
| S3 | 4.49 | -4.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.40 | 14.89 % | |
| R2 | 5.28 | 12.34 % | ||
| R1 | 4.85 | 3.19 % | ||
| Current price | 4.70 | |||
| Support | S1 | 4.49 | -4.47% | |
| S2 | 4.24 | -9.89% | ||
| S3 | 4.17 | -11.28% |
FAQ
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