Volatile ride for Biolife Sciences Inc stock price on Monday moving between $1.55 and $1.95

No changes to the price of Biolife Sciences Inc stock on the last trading day (Monday, 3rd Jan 2022). During the day the stock fluctuated 25.81% from a day low at $1.55 to a day high of $1.95. The price has risen in 7 of the last 10 days and is up by 91.41% over the past 2 weeks.

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 94.9% during the next 3 months and, with a 90% probability hold a price between $1.41 and $4.80 at the end of this 3-month period.

The Biolife Sciences Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.08 and $1.13. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, December 06, 2021, and so far it has fallen -25.71%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

On the downside, the stock finds support just below today's level from accumulated volume at $1.45 and $1.37.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Biolife Sciences Inc finds support just below today's level at $1.45. If this is broken, then the next support from accumulated volume will be at $1.37 and $1.33.

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 $0.40 between high and low, or 25.81%. For the last week, the stock has had a daily average volatility of 26.14%.

Biolife Sciences Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.