VTNR Stock Forecast: 2022, 2023, 2024, 2025
VTNR stock price today is 7.81 USD with a volume of 232,446,480. At the same time, its chart fluctuates between 5.63 USD – 8.38 USD. VTNR stock price was a maximum of 8.38 USD and a minimum of 0.40 USD within 52 weeks. Its average volume is 9,143,760 and it is ranked 404.109M in the MarketCap listings. The target point of VTNR stock price at the end of 1 year is 13.33 USD.
VTNR stock price rose 95.74% from $3.99 to $7.81 on the last trading day. During the day, the stock fluctuated 48.85% from a minimum of $5.63 to a maximum of $8.38. The price is fluctuating for this period and has risen 306.77% overall over the last 2 weeks.
Volume fell 26 million in the last day, with a total of 229 million stocks traded for approximately $1.79 billion. As we said before, the falling volume at high prices causes the difference. This difference may be an early warning of possible changes in the coming days.
VTNR stock broke out with a very broad and strong rise. The short-term trend is up and an even stronger uptrend is indicated. For any backlash, there could be support on the roof in the current trend breaking at $2.50 and this could be a second chance for traders.
Vertex Energy Inc.
Vertex Energy Inc is a specialized refinery of alternative raw materials and a marketer of high purity petroleum products. The corporate headquarters is located in Houston, Texas, and the company is one of the largest processors of used motor oil in the United States. Vertex also has a facility called Myrtle Grove, located in a 41-acre industrial complex along the Gulf Coast in Belle Chasse, LA. This facility has existing hydro processing and plant infrastructure assets that include nine million gallons of storage.
Vertex is implementing a cost-effective strategy to build its raw material supply by setting up its own collection system. In addition, the company has earned respect and reputation by providing the main supply of Group II+ and Group III base oils to the lubricants manufacturing industry in North America.
VTNR Stock Interpretation
VTNR stock has both short-term and long-term buy signals that give a positive forecast. In addition, a general buy signal is generated from the relationship between two signals where the short term is above the long term. On the downside correction, it could find some support at $2.97 and $1.75.
A break below any of these levels we have mentioned will create a sell signal. A buy signal was issued from the pivot low on April 20, 2021, above which a 545.45% increase has been observed so far. Further increases may be observed until a new upper pivot is issued. There is also a buy signal from the 3-month Moving Average Convergence Divergence.
Although prices are on the rise, volume has been down in the last day. It is not good for volume and price to rise or fall in parallel and could be early warning signals. VTNR stock should be followed.
How Should We Act?
There is no support from the accumulated volume below where the stock is today. Also, VTNR stock may perform poorly in the coming days. This stock can experience a lot of volatility during the day, so it is considered a “very high risk” stock on the Bollinger Band.
Within 24 hours, the stock moved between max and min at $2.75, or 48.85%. Last week, that rate experienced 22.09% volatility. VTNR stock was overbought at RSI14 (96). Actually, this could have been a good selling opportunity, but the stock broke the bullish trend. Therefore, there is almost no chance of a major correction due to the higher RSI as the stock will find support in the breaking trend. Although VTNR stock has a few positive signals, these signals are not enough for a purchase. At the current level, it should be watched a little more.
VTNR Stock Forecast 2022
On the previous day (Friday, 7th January 2022), the Vertex Energy Stock Price decreased -1.21 percent from $4.97 to $4.91. The VTNR Stock varied 6.43 percent over the day, from a low VTNR Stock Price of $4.82 to a high VTNR Stock Price of $5.13. The Vertex Energy Stock Price has increased in six of the last ten days and gained 10.59 percent in two weeks. Activity of Vertex Energy Stock declined along with the stock price on the last trading day, which is a good indicator because the transaction volume should follow the stock. Also, the transaction volume declined by -102 thousand Vertex Energy Shares on the past day, and 1 million Vertex Energy Shares were purchased and sold for around $5.18 million.
In the near future, the Vertex Energy Stock Price is at the higher end of a big declining trend, which may present a very excellent selling potential for the short-term shareholders as a response back towards the lower end of the movement may be foreseen. A breakup at the top moving average at $5.00 will first signal a reduced dropping pace, but it might also be its first indicator of a trend transition. Given the present short-term performance, VTNR Stock Forecast experts claimed that the Vertex Energy Stock is anticipated to lose -11.56 percent over the next three months and, with a 90 percent likelihood, conclude the time with a Vertex Energy Stock Price between $3.46 and $4.42.
Is Vertex Energy Stock a Buy or Sell?
2.12 million Vertex Energy Shares were bought, and 1.72 million Vertex Energy Shares were sold in the last 100 exchanges. Carlson Chris, who sold 100,000 Vertex Energy Shares 110 days ago, was the most recent trader. The big number of Vertex Energy Shares purchased compared to stocks sold indicates that individuals feel there is a significant chance of a good outcome. Bigger buys in some situations can be justified by the expiration date of stock options.
Is Vertex Energy Stock a Good Buy in 2022?
VTNR Stock has some good indications, but we don’t think the company stock to be enough to make it a buy option. At the current time, Vertex Energy Stock should be considered a hold option in this level while expecting for additional development, as the VTNR Stock Forecast experts claim.
VTNR Stock Forecast & Signals
The Vertex Energy Shares have a buy indication by both short and long-term trend lines, indicating a strong outlook of VTNR Stock Forecast charts. In addition, the relationship between the two signals indicates a general buying opportunity when the short-term average is higher than the long-term average. On adjustments down, the levels at $4.80 and $4.58 will provide some resistance.
A breakdown beneath any of these indicators will trigger a sell signal. Moreover, the 3 month Moving Average Convergence Divergence indicates a buying opportunity. Some unfavorable indicators were also sent out, which may have an impact on the near-term growth. On Tuesday, January 04, 2022, a sell signal was sent from a pivot top point, and it has since declined -2.39 percent. According to VTNR Stock Forecast data, more decline is predicted until a new bottom pivot is discovered. Volume declined together with the VTNR Stock Price on the past trading day, lowering the total risk because volume should follow the VTNR Stock Price movements.