Veru Stock Forecast

High volatility in Veru stock price on Thursday which ended trading at $1.42
(Updated on Apr 18, 2024)

VERU Signals & Forecast

The Veru stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $1.42 and $0.83. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, April 11, 2024, and so far it has fallen -20.67%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Veru stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.26 and $1.17. 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, Veru finds support just below today's level at $1.26. If this is broken, then the next support from accumulated volume will be at $1.17 and $1.16.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.425 between high and low, or 42.50%. For the last week, the stock has had daily average volatility of 28.20%.

Our recommended stop-loss: $1.34 (-5.64%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (VERU) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Veru Inc. to open at $1.28, and during the day (based on 14 day Average True Range), to move between $1.22 and $1.62, which gives a possible trading interval of +/-$0.198 (+/-13.95%) up or down from last closing price. If Veru Inc. takes out the full calculated possible swing range there will be an estimated 27.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.52 (7.04%) than the support at $1.26 (11.62%), 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 Veru Inc. stock A Buy?

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 Veru stock to perform well in the short-term.

Current score: 2.761 Buy Candidate Unchanged

Predicted Opening Price for Veru Inc. of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.