VistaGen Therapeutics Inc Stock Forecast
Stronger technical forecast for VistaGen Therapeutics Inc stock price after Friday trading.
(Updated on Apr 26, 2024)
The VistaGen Therapeutics Inc stock price gained 1.06% on the last trading day (Friday, 26th Apr 2024), rising from $4.70 to $4.75. During the last trading day the stock fluctuated 4.19% from a day low at $4.65 to a day high of $4.85. The price has risen in 6 of the last 10 days but is still down by -2.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 194 thousand shares were bought and sold for approximately $923.52 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 -2.03% 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 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 $4.75 and $4.67. A breakdown below any of these levels will issue sell signals. 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. 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. 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
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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.195 between high and low, or 4.19%. For the last week, the stock has had daily average volatility of 4.29%.
Our recommended stop-loss: $4.53 (-4.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (VTGN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect VistaGen Therapeutics Inc to open at $4.75, and during the day (based on 14 day Average True Range), to move between $4.47 and $5.03, which gives a possible trading interval of +/-$0.278 (+/-5.86%) up or down from last closing price. If VistaGen Therapeutics Inc takes out the full calculated possible swing range there will be an estimated 11.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.49 (5.47%) than the resistance at $5.28 (11.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -0.552 Hold/Accumulate Upgraded
Predicted Opening Price for VistaGen Therapeutics Inc of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$4.75 ( 0.0351%) | $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 | 4.94 | 4.07 % | |
R2 | 4.87 | 2.50 % | ||
R1 | 4.82 | 1.53 % | ||
Current price: | 4.75 | |||
Support | S1 | 4.67 | -1.60 % | |
S2 | 4.63 | -2.57 % | ||
S3 | 4.55 | -4.14 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.40 | 13.68 % | |
R2 | 5.29 | 11.37 % | ||
R1 | 5.28 | 11.16 % | ||
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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