Biolase Stock Forecast
Green day on Thursday for Biolase stock after gaining 2.78%
(Updated on Apr 25, 2024)
The Biolase stock price gained 2.78% on the last trading day (Thursday, 25th Apr 2024), rising from $0.144 to $0.148. During the last trading day the stock fluctuated 6.59% from a day low at $0.143 to a day high of $0.152. The price has risen in 6 of the last 10 days but is still down by -0.94% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 82 thousand more shares were traded than the day before. In total, 612 thousand shares were bought and sold for approximately $90.56 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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BIOL Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 14.73%. Further rise is indicated until a new top pivot has been found. Biolase has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Biolase stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.154. On a fall, the stock will find some support from the short-term average at $0.147. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Biolase stock
Biolase finds support from accumulated volume at $0.145 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0094 between high and low, or 6.59%. For the last week, the stock has had daily average volatility of 9.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIOL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Biolase to open at $0.148, and during the day (based on 14 day Average True Range), to move between $0.129 and $0.167, which gives a possible trading interval of +/-$0.0191 (+/-12.88%) up or down from last closing price. If Biolase takes out the full calculated possible swing range there will be an estimated 25.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.145 (1.82%) than the resistance at $0.158 (6.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Biolase stock A Buy?
Biolase holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.069 Sell Candidate Unchanged
Predicted Opening Price for Biolase of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$0.148 ( 0.270%) | $0.148 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIOL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.157 | 6.08 % | |
R2 | 0.153 | 3.65 % | ||
R1 | 0.151 | 2.16 % | ||
Current price: | 0.148 | |||
Support | S1 | 0.144 | -2.70 % | |
S2 | 0.142 | -4.20 % | ||
S3 | 0.138 | -6.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.179 | 21.15 % | |
R2 | 0.165 | 11.69 % | ||
R1 | 0.158 | 6.42 % | ||
Current price | 0.148 | |||
Support | S1 | 0.145 | -1.82% | |
S2 | 0.143 | -3.18% | ||
S3 | 0.143 | -3.58% |
BIOL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 16, 2005 | Jun 24, 2005 | May 11, 2018 | $1.15 | 0.0297% |
2 | Apr 14, 2005 | Apr 21, 2005 | May 09, 2005 | $1.15 | 0.0012% |
3 | Feb 07, 2005 | Feb 08, 2005 | Feb 24, 2005 | $1.15 | 0.0010% |
4 | Dec 09, 2004 | Dec 13, 2004 | Dec 29, 2004 | $1.15 | 0.0009% |
5 | Oct 07, 2004 | Oct 08, 2004 | Oct 27, 2004 | $1.15 | 0.0016% |
FAQ
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