Vaxart Stock Forecast
Red day on Wednesday for Vaxart stock after losing 1.97%
(Updated on May 01, 2024)
The Vaxart stock price fell by -1.97% on the last day (Wednesday, 1st May 2024) from $0.715 to $0.701. During the last trading day the stock fluctuated 4.29% from a day low at $0.700 to a day high of $0.730. The price has fallen in 6 of the last 10 days and is down by -19.11% 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 -1 million shares and in total, 711 thousand shares were bought and sold for approximately $497.91 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.625 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -31.00% during the next 3 months and, with a 90% probability hold a price between $0.432 and $0.772 at the end of this 3-month period.
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VXRT Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 6.41%. 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. The Vaxart stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.707 and $1.01. A break-up above any of these levels will issue buy signals. 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 Vaxart stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.658. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0300 between high and low, or 4.29%. For the last week the stock has had daily average volatility of 9.07%.
Vaxart is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VXRT) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Vaxart to open at $0.710, and during the day (based on 14 day Average True Range), to move between $0.622 and $0.779, which gives a possible trading interval of +/-$0.0789 (+/-11.26%) up or down from last closing price. If Vaxart takes out the full calculated possible swing range there will be an estimated 22.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.710 (1.30%) than the support at $0.658 (6.02%), 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.
Earnings coming up
Vaxart will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.160. We will update the financials statements for Vaxart, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.78% in the first trading day after earnings release.
Is Vaxart stock A Buy?
Vaxart holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.812 Sell Candidate Unchanged
Predicted Opening Price for Vaxart of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.710 ( 1.37%) | $0.701 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VXRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.740 | 5.65 % | |
| R2 | 0.729 | 4.02 % | ||
| R1 | 0.722 | 3.01 % | ||
| Current price: | 0.701 | |||
| Support | S1 | 0.699 | -0.265 % | |
| S2 | 0.692 | -1.28 % | ||
| S3 | 0.680 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.756 | 7.85 % | |
| R2 | 0.715 | 2.01 % | ||
| R1 | 0.710 | 1.30 % | ||
| Current price | 0.701 | |||
| Support | S1 | 0.658 | -6.02% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
VXRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 25, 2012 | Nov 09, 2012 | Feb 14, 2018 | $12.19 | 143.39% |
FAQ
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