RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BNGO
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Green day on Wednesday for BioNano Genomics
(Updated on Mar 27, 2024)

Sell candidate since Mar 04, 2024 Loss -9.92% PDF

The BioNano Genomics stock price gained 4.81% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.04 to $1.09. During the last trading day the stock fluctuated 9.62% from a day low at $1.04 to a day high of $1.14. The price has risen in 6 of the last 10 days and is up by 0.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 970 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $1.86 million.

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. Given the current short-term trend, the stock is expected to fall -31.12% during the next 3 months and, with a 90% probability hold a price between $0.638 and $0.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BNGO Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 7.92%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BioNano Genomics 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 $1.15. On a fall, the stock will find some support from the short-term average at $1.05. 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 BioNano Genomics stock

BioNano Genomics finds support from accumulated volume at $1.06 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.1000 between high and low, or 9.62%. For the last week, the stock has had daily average volatility of 6.20%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BNGO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect BioNano Genomics Inc. to open at $1.09, and during the day (based on 14 day Average True Range), to move between $1.01 and $1.17, which gives a possible trading interval of +/-$0.0765 (+/-7.02%) up or down from last closing price. If BioNano Genomics Inc. takes out the full calculated possible swing range there will be an estimated 14.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.06 (2.75%) than the resistance at $1.14 (4.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BioNano Genomics Inc. stock A Buy?

BioNano Genomics 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: -1.340 Sell Candidate Unchanged

Predicted Opening Price for BioNano Genomics Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.09 ( 0.00000000%) $1.09

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BNGO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.19 9.17 %
R2 1.15 5.67 %
R1 1.13 3.50 %
Current price: 1.09
Support S1 1.05 -3.50 %
S2 1.03 -5.67 %
S3 0.99 -9.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.25 14.68 %
R2 1.21 11.01 %
R1 1.14 4.59 %
Current price 1.09
Support S1 1.06 -2.75%
S2 1.04 -4.59%
S3 1.02 -6.42%

FAQ

What is the symbol for BioNano Genomics Stock and on which exchange is it traded?
The symbol for BioNano Genomics is BNGO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell BioNano Genomics Stock?
BioNano Genomics 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.

How to buy BioNano Genomics Stock?
BioNano Genomics Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy BioNano Genomics Stock.

What's the current price of BioNano Genomics Stock?
As of the end of day on the 2024-03-27, the price of an BioNano Genomics (BNGO) share was $1.09.

What is the 52-week high and low for BioNano Genomics Stock?
The 52-week high for BioNano Genomics Stock is $11.80 and the 52-week low is $1.00.

What is the market capitalization of BioNano Genomics Stock?
As of the 2024-03-27, the market capitalization of BioNano Genomics is 56.882M.

When is the next earnings date for BioNano Genomics?
The upcoming earnings date for BioNano Genomics is May 14, 2024.
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About BioNano Genomics Inc.

BioNano Genomics Bionano Genomics, Inc. provides genome analysis software solutions. It offers Saphyr, a sample-to-result solution for structural variation analysis by optical genome mapping for genome analysis and understanding of genetic variation and function; Saphyr instrument, a single-molecule imager; Saphyr Chip, a consumable that packages the nanochannel arrays for DNA linearization; and Bionano Prep Kits and DNA labeling kits, which provide the reagents ... BNGO Profile

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