Biosynex SA Stock Forecast
Red day on Friday for Biosynex SA stock after losing 0.474%
(Updated on May 03, 2024)
The Biosynex SA stock price fell by -0.474% on the last day (Friday, 3rd May 2024) from 4.22€ to 4.20€. During the last trading day the stock fluctuated 1.20% from a day low at 4.15€ to a day high of 4.20€. The price has risen in 6 of the last 10 days but is still down by -17.65% 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 thousand shares and in total, 2 thousand shares were bought and sold for approximately 6.36€ thousand.
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 -39.18% during the next 3 months and, with a 90% probability hold a price between 2.36€ and 3.07€ 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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ALBIO.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 2.69%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Biosynex SA 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 4.34€ and 4.75€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Biosynex SA stock
Biosynex SA finds support from accumulated volume at 4.16€ 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.0500€ between high and low, or 1.20%. For the last week the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALBIO.PA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Biosynex SA to open at 4.18€, and during the day (based on 14 day Average True Range), to move between 3.94€ and 4.46€, which gives a possible trading interval of +/-0.256€ (+/-6.10%) up or down from last closing price. If Biosynex SA takes out the full calculated possible swing range there will be an estimated 12.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.16€ (0.95%) than the resistance at 4.71€ (12.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Biosynex SA stock A Buy?
Biosynex SA holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.615 Sell Candidate Unchanged
Predicted Opening Price for Biosynex SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 4.18€ ( 0.397%) | 4.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALBIO.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.23 | 0.794 % | |
| R2 | 4.21 | 0.339 % | ||
| R1 | 4.20 | 0.0579 % | ||
| Current price: | 4.20 | |||
| Support | S1 | 4.16 | -0.85 % | |
| S2 | 4.15 | -1.13 % | ||
| S3 | 4.13 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.22 | 24.29 % | |
| R2 | 4.89 | 16.31 % | ||
| R1 | 4.71 | 12.14 % | ||
| Current price | 4.20 | |||
| Support | S1 | 4.16 | -0.95% | |
| S2 | 4.12 | -1.90% | ||
| S3 | 4.09 | -2.62% |
ALBIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 2.00€ | 10.86% |
| 2 | May 26, 2021 | May 26, 2021 | May 26, 2021 | 0.200€ | 0.82% |
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