Berry Genomics Co Ltd Stock Forecast
Red day on Tuesday for Berry Genomics Co Ltd
(Updated on May 21, 2024)
The Berry Genomics Co Ltd stock price fell by -0.776% on the last day (Tuesday, 21st May 2024) from ¥9.02 to ¥8.95. During the last trading day the stock fluctuated 1.82% from a day low at ¥8.81 to a day high of ¥8.97. The price has risen in 5 of the last 10 days but is still down by -3.03% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 7 million shares were bought and sold for approximately ¥64.21 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Berry Genomics Co Ltd stock with a 90% probability to be traded between ¥7.08 and ¥12.21 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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000710.SZ Signals & Forecast
The Berry Genomics Co Ltd 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 ¥8.95. On a fall, the stock will find some support from the long-term average at approximately ¥8.57. 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. 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 Wednesday, May 08, 2024, and so far it has fallen -7.64%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Berry Genomics Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥8.43 and ¥8.35. There is a 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, Berry Genomics Co Ltd finds support just below today's level at ¥8.43. If this is broken, then the next support from accumulated volume will be at ¥8.35 and ¥8.18.
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 ¥0.160 between high and low, or 1.82%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: ¥8.44 (-5.74%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (000710.SZ) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Berry Genomics Co Ltd to open at ¥8.91, and during the day (based on 14 day Average True Range), to move between ¥8.27 and ¥9.63, which gives a possible trading interval of +/-¥0.678 (+/-7.58%) up or down from last closing price. If Berry Genomics Co Ltd takes out the full calculated possible swing range there will be an estimated 15.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥8.43 (5.81%) than the resistance at ¥9.83 (9.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Berry Genomics Co Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Berry Genomics Co Ltd stock to perform well in the short-term period.
Current score: 2.161 Buy Candidate Unchanged
Predicted Opening Price for Berry Genomics Co Ltd of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| ¥8.91 ( 0.447%) | ¥8.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000710.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.07 | 1.34 % | |
| R2 | 9.01 | 0.658 % | ||
| R1 | 8.97 | 0.236 % | ||
| Current price: | 8.95 | |||
| Support | S1 | 8.85 | -1.13 % | |
| S2 | 8.81 | -1.55 % | ||
| S3 | 8.75 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.87 | 21.45 % | |
| R2 | 10.40 | 16.20 % | ||
| R1 | 9.83 | 9.83 % | ||
| Current price | 8.95 | |||
| Support | S1 | 8.43 | -5.81% | |
| S2 | 8.35 | -6.70% | ||
| S3 | 8.18 | -8.60% |
000710 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 25, 2001 | May 25, 2001 | May 25, 2001 | ¥0.0776 | 0.571% |
FAQ
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