Bioventus Inc. Stock Forecast
Bioventus Inc. stock price ended at $4.48 on Friday, after losing 1.54%.
(Updated on Apr 19, 2024)
The Bioventus Inc. stock price fell by -1.54% on the last day (Friday, 19th Apr 2024) from $4.55 to $4.48. During the last trading day the stock fluctuated 4.05% from a day low at $4.44 to a day high of $4.62. The price has fallen in 6 of the last 10 days and is down by -11.46% for this period. Volume has increased on the last day by 26 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 130 thousand shares were bought and sold for approximately $581.08 thousand.
Given the current short-term trend, the stock is expected to rise 11.45% during the next 3 months and, with a 90% probability hold a price between $4.99 and $6.64 at the end of this 3-month period.
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BVS Signals & Forecast
There are few to no technical positive signals at the moment. The Bioventus Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.63 and $5.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -22.09%. 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). Bioventus Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Bioventus Inc. stock
Bioventus Inc. finds support from accumulated volume at $4.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.180 between high and low, or 4.05%. For the last week, the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BVS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Bioventus Inc. to open at $4.51, and during the day (based on 14 day Average True Range), to move between $4.23 and $4.73, which gives a possible trading interval of +/-$0.255 (+/-5.69%) up or down from last closing price. If Bioventus Inc. takes out the full calculated possible swing range there will be an estimated 11.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.40 (1.79%) than the resistance at $4.81 (7.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bioventus Inc. stock A Buy?
The Bioventus Inc. stock holds several negative signals and despite the positive trend, we believe Bioventus Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.345 Sell Candidate Unchanged
Predicted Opening Price for Bioventus Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $4.51 ( 0.744%) | $4.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BVS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.69 | 4.76 % | |
| R2 | 4.62 | 3.23 % | ||
| R1 | 4.58 | 2.28 % | ||
| Current price: | 4.48 | |||
| Support | S1 | 4.44 | -0.791 % | |
| S2 | 4.40 | -1.74 % | ||
| S3 | 4.33 | -3.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.40 | 20.54 % | |
| R2 | 5.16 | 15.18 % | ||
| R1 | 4.81 | 7.37 % | ||
| Current price | 4.48 | |||
| Support | S1 | 4.40 | -1.79% | |
| S2 | 4.39 | -2.01% | ||
| S3 | 4.33 | -3.35% |
FAQ
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