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Verano Holdings Corp

This firm was founded on August 6, 2014, in Chicago, Illinois, and distributes licensed cannabis products under the Verano, Avexia, Encore, and MÜV brands.

VRNOF Stock price dropped 0.99% on Wednesday (updated on January 18, 2023)

On Wednesday, January 18, 2023, Verano Holdings Corp.’s share price fell from $3.03 to $3.00 by -0.99%. The price moved 4.41% between a low of $2.95 and a high of $3.08. The price has fallen by -1.64% over the last ten days, despite a decline. Despite declining prices, fifty-two thousand shares were traded in the past trading day.

Over the next few days, the danger will grow somewhat. 157 thousand shares were purchased and sold for $471.72 thousand.

As a result of the stock’s broad and downward trend, further declines are expected within the movement in the near term. Considering the short-term trend, a decrease of -44.72% is anticipated over the next three months, with the stock likely to trade between $0.99 and $2.23 at the end.

Our projection goal will shift in a positive direction if the stock price remains at or above current levels for the next few days, as the criteria for the present predictions will no longer apply.

A report from VRNOF Stock on signals and forecasts

A pivot bottom point provided a buy signal on Tuesday, December 20, 2022, and the price has increased by 8.87% since then. As a result of the three-month Moving Average Convergence Divergence indicator (MACD), a purchase signal is also present. Prices are expected to rise until a new top pivot is identified. Some negative signals have also been sent, which may impact the near-term development.

Verano Holdings Corp. shares are at a sell signal, indicating an unfavorable outlook for the company based on both the short- and long-term moving averages. Furthermore, when the long-term average exceeds the short-term average, the relationship between the two signals indicates a general sell signal. Any breakout above these levels will provide buy signals for upward corrections. On upward revisions, resistance will come between $3.00 and $3.70.

Despite declining pricing, Verano Holdings Corporation’s volume increased last day. Divergence is commonly known in the industry as an early warning sign. There are times when an increase in volume accompanied by a decline in price may be considered good, but usually, during “sell-offs,” this is the case.

Verano Holdings Corp. support, risk, and stop-loss levels

Verano Holdings Corp. is supported at $2.94 by accumulated volume, and when the support is challenged, you could anticipate an upward response.

Considering the stock’s significant intraday volatility, the Bollinger Band predicts it as a “high risk” stock. Its daily highs and lows changed $0.130, or 4.41%. The stock has experienced an average daily volatility of 3.98 percent in the past week.

Based on several unfavorable indications and the fact that it is in a broad downward trend, there is an unfavorable opinion of Verano Holdings Corp.

Rating: -3.669% at the moment

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