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Bioanalytical Systems Stock Forecast NASDAQ:BASI

$42.88 (-8.08%)

Volume: 166k

Closed: Dec 03, 2021

Hollow Logo Score: -3.938

Bioanalytical Systems Stock Forecast

$42.88 (-8.08%)

Volume: 166k

Closed: Dec 03, 2021

Score Hollow Logo -3.938
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 32 and the stock is currently not being overbought or oversold

Volatile ride for Bioanalytical Systems stock price on Friday moving between $42.13 and $46.65
(Updated on Dec 03, 2021)

Sell candidate since 2021-12-02 Loss -8.08%

The Bioanalytical Systems stock price fell by -8.08% on the last day (Friday, 3rd Dec 2021) from $46.65 to $42.88. and has now fallen 7 days in a row. During the day the stock fluctuated 10.73% from a day low at $42.13 to a day high of $46.65. The price has fallen in 8 of the last 10 days and is down by -19.06% 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 -18 thousand shares and in total, 166 thousand shares were bought and sold for approximately $7.14 million.

Given the current short-term trend, the stock is expected to rise 78.36% during the next 3 months and, with a 90% probability hold a price between $76.48 and $110.27 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Bioanalytical Systems stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $50.40 and $48.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 19, 2021, and so far it has fallen -25.92%. 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). 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

On the downside, the stock finds support just below today's level from accumulated volume at $34.11 and $33.71. 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, Bioanalytical Systems finds support just below today's level at $34.11. If this is broken, then the next support from accumulated volume will be at $33.71 and $33.18.

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 $4.52 between high and low, or 10.73%. For the last week, the stock has had a daily average volatility of 10.77%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Bioanalytical Systems stock A Buy?

The Bioanalytical Systems stock holds several negative signals and despite the positive trend, we believe Bioanalytical Systems will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.938

Predicted Opening Price for Bioanalytical Systems of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$43.89 $42.88 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

Colliers Securities is very positive about BASI and gave it a "Buy" rating on Mar 09, 2021. The price target was set to $17.00.

Volatility and Risk
Daily Average Volatility: 10.77 %
Overall Risk: Very High High Medium Low Very Low
10.77 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $46.15
Price: $42.88
Support: $34.11

BASI Insider Trading Show all Trades


Last 100 transactions
Buy: 3 189 016 | Sell: 0 (Shares)
Date Action Amount Person Type
Mar 01, 2021 Buy 1 712 Beattie John Gregory Common Shares
Feb 24, 2021 Buy 5 000 Leasure Robert Jr. Common Shares
Feb 23, 2021 Buy 8 288 Beattie John Gregory Common Shares
Feb 15, 2021 Buy 15 000 Beattie John Gregory Common Shares
Dec 29, 2020 Buy 40 000 Leasure Robert Jr. Common Shares
Show all Insider Trades

Last 100 transactions
Buy: 3 189 016 | Sell: 0 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 48.41 12.89 %
46.68 8.86 %
45.61 6.37 %
Current price: 42.88
Support 42.16 -1.68 %
41.09 -4.17 %
39.37 -8.19 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 50.90 18.70 %
49.93 16.44 %
46.15 7.63 %
Current price 42.88
Support 34.11 -20.45%
33.71 -21.39%
33.18 -22.62%

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About Bioanalytical Systems

Bioanalytical Systems, Inc. provides drug discovery and development services, and analytical instruments for pharmaceutical, biotechnology, academic, and government organizations in North America, the Pacific Rim, Europe, and internationally. It operates in two segments, Contract Research Services and Research Products. The Contract Research Services segment offers screening and pharmacological testing, preclinical safety testing, formulation dev... Read more

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