- Vertex Energy (VTNR) is an American company that produces and distributes alternative and conventional fuels.
- The annual revenue of VTNR in 2022 was $2.17 Billion, which decreased by 1.76% as compared to the previous year.
- The company also sells non-ferrous and ferrous metal products. Let’s analyze the stock price and gather some information about the company.
The market capitalization of VTNR is $425.41 Million. The stock of the company is listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).
The company was founded by Benjamin P. Cowart. Overall, the VTNR stock was down by 99.86%, which is not good for any stock. Its performance indicates that the stock has lost its investor’s money.
The stock was up by 166.67% in the last 5 years, but it was down by 16.18% last year.
Technical Analysis of the VTNR Stock
As the image indicates, the stock is moving in a range between a resistance level and a support level.
The stock is near the support level. So, it indicates that it might take support from the level and move in the up direction.
It is not at all good for long-term investment because it is falling from the beginning. The overall analysis of the stock says that it is in a downtrend position.
The all-time high was made on 11 January 1993 which was $6444.36. Its all-time low was made on 18 November 2002 which was around $0.1870.
The pattern in the rectangle is known as “Bearish Engulfing”. It indicates that the price will come down after its formation. So, we have to wait till the formation of the next candle.
The price of the VTNR stock in 2022 (year-end) was around $7.28. In 2023, the current market price of the stock is $4.56. It decreased by $2.72 in the last 9 months.
F&I Index (Fear & Greed Index) is showing 39 (Fear). It recorded 11/30 days green in the last 30 days which is around 37%.
The market sentiments are bearish. The price volatility was around 8.43% over the last 30 days.
Price Prediction of VTNR (2024-2030)
Year | Change | Prediction |
2024 | 45.74% | $6.65 |
2025 | 112.41% | $9.69 |
2026 | 209.57% | $14.12 |
2027 | 351.17% | $20.57 |
2028 | 557.55% | $29.98 |
2029 | 858.33% | $43.70 |
2030 | 1296.69% | $63.69 |
Live chart
Conclusion
Through the evaluation of the stock with the help of technical analysis we can say that overall the stock is in a downward position.
In the monthly time frame, it was in a down direction which can help traders for short selling. In the weekly time frame, it is moving in a sideways position.
it’s also in a sideways position In the daily time frame, . Essentially, the VNTR stock is in a downtrend. It behaves similarly in all time frames, except the 1-D time frame.
So, the stock does not have the potential to generate a good amount of returns on the investment made by the general public.
It might continue in the same manner as it is currently behaving in the upcoming future.
Levels
Resistance Level- $15.10
Support Level- $4.56
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only. They do not provide financial, investment, or other advice. Investing in or trading comes with a risk of financial loss.