- Veritex Holdings inc stock has been trying to surge towards the upper price range of the range and VBTX stock price must maintain the current accumulation rate.
- VBTX share price has dipped below 20, 50, 100 and 200-days Daily Moving Average.
- The quarterly report for VBTX share price of Veritex holdings Inc showcases the decline of 12.78%.
Veritex Holdings Inc (NASDAQ: VBTX) stock needs to recover itself from the lowest level for VBTX stock price to showcase its recovery. VBTX share price must surge with strong uptrend momentum in order to break out of the primary resistance level at $27.50. Meanwhile, buyers need to accumulate themselves to save VBTX shares from falling significantly over the daily time frame chart. However, volume change can be seen below average and needs to grow for VBTX to sustain.
VBTX stock price was at $27.07 and has gained 0.37% of its market capitalization during the day’s trading session. Buyers are trying to recover the stock price from the lower level over the daily time frame chart.
Veritex stock price must surge towards its recovery phase to recover itself over the daily time frame chart. However, volume change is still below average and needs to grow for VBTX share price to soar during the day’s trading session. Meanwhile, VBTX share price has dipped below 20, 50, 100 and 200-days Daily Moving Average. VBTX share price has lost 4.62% in a week and around 5.26% during the period of a month.
Will VBTX Stock Price Recover Itself?
VBTX stock price needs to maintain the accumulation rate of buyers in order to sustain at the current level. Technical indicators suggest that buyers are trying to provide a kickstart to the VBTX shares.
Relative Strength Index showcases the sideways momentum of VBTX share price. RSI is at 39 and is flat below neutrality. MACD exhibits the downtrend momentum of VBTX shares. The MACD line is below the signal line after a positive crossover. Investors in VBTX stocks need to wait until the stock price sustains at the upper price range of the consolidation phase.
Summary
Veritex Holdings Inc (NASDAQ: VBTX) stock needs to recover itself from the lowest level for VBTX share price to showcase its recovery. VBTX share price must surge with strong uptrend momentum in order to break out of the primary resistance level at $27.50. Meanwhile, VBTX share price has dipped below 20, 50, 100 and 200-days Daily Moving Average. Technical indicators suggest that buyers are trying to provide a kickstart to the VBTX shares. Investors in VBTX stocks need to wait until the stock price sustains at the upper price range of the consolidation phase.
Technical Levels
Support Levels: $26.50 and $25.00
Resistance Levels: $27.50 and $28.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/01/27/veritex-holdings-inc-nasdaq-vbtx-stock-vbtx-stock-price-buyers-at-rescue/