Signals & Forecast
There are few to no technical positive signals at the moment. The Geovax Labs stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.34. On a fall, the stock will find some support from the short-term average at $1.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, August 01, 2022, and so far it has fallen -70.77%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss
Geovax Labs finds support from accumulated volume at $1.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
$1.10 $1.14 $1.15
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 $0.0900 between high and low, or 8.26%. For the last week the stock has had daily average volatility of 11.24%.
Trading Expectations For The Upcoming Trading Day Of Wednesday 5th
For the upcoming trading day on Wednesday, 5th we expect Geovax Labs Inc to open at $1.14, and during the day (based on 14 day Average True Range), to move between $0.94 and $1.34, which gives a possible trading interval of +/-$0.20 (+/-17.46%) up or down from last closing price. If Geovax Labs Inc takes out the full calculated possible swing range there will be an estimated 34.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.15 (0.88%) than the support at $1.10 (3.51%), 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.
Insiders are very positive buying more shares than they are selling in Geovax Labs
In the last 100 trades there were 14.91 million shares bought and 27.5 thousand shares sold. The last trade was made 14 days ago by Chase Randal D who bough 10 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.
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