Bio-Path Holdings Stock Forecast
Bio-Path Holdings stock price up 1.98% on Thursday
(Updated on Mar 28, 2024)
The Bio-Path Holdings stock price gained 1.98% on the last trading day (Thursday, 28th Mar 2024), rising from $4.04 to $4.12. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.73% from a day low at $4.01 to a day high of $4.24. The price has been going up and down for this period, and there has been a -22.77% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately $189.87 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 359.64% during the next 3 months and, with a 90% probability hold a price between $13.61 and $37.24 at the end of this 3-month period.
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BPTH Signals & Forecast
The Bio-Path Holdings stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.14. On a fall, the stock will find some support from the long-term average at approximately $3.85. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Bio-Path Holdings 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -36.02%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Bio-Path Holdings stock
Bio-Path Holdings finds support from accumulated volume at $4.04 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 $0.230 between high and low, or 5.73%. For the last week, the stock has had daily average volatility of 16.22%.
Our recommended stop-loss: $3.85 (-6.46%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (BPTH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bio-Path Holdings to open at $4.12, and during the day (based on 14 day Average True Range), to move between $3.44 and $4.80, which gives a possible trading interval of +/-$0.677 (+/-16.44%) up or down from last closing price. If Bio-Path Holdings takes out the full calculated possible swing range there will be an estimated 32.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.04 (1.94%) than the resistance at $4.35 (5.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bio-Path Holdings stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bio-Path Holdings stock to perform well in the short-term.
Current score: 1.906 Buy Candidate Unchanged
Predicted Opening Price for Bio-Path Holdings of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$4.12 ( 0.0801%) | $4.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BPTH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.35 | 5.66 % | |
R2 | 4.27 | 3.53 % | ||
R1 | 4.21 | 2.21 % | ||
Current price: | 4.12 | |||
Support | S1 | 4.04 | -2.05 % | |
S2 | 3.98 | -3.37 % | ||
S3 | 3.89 | -5.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.11 | 24.03 % | |
R2 | 4.86 | 17.96 % | ||
R1 | 4.35 | 5.58 % | ||
Current price | 4.12 | |||
Support | S1 | 4.04 | -1.94% | |
S2 | 4.02 | -2.43% | ||
S3 | 3.78 | -8.25% |
FAQ
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