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.