BioShares Biotechnology Products Fund ETF Forecast

$56.61
+0.234 (+0.415%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BBP
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

BioShares Biotechnology Products Fund ETF price ended at $56.61 on Thursday, after gaining 0.415%.
(Updated on Mar 28, 2024)

Hold candidate since Mar 25, 2024 Gain 1.24% PDF

The BioShares Biotechnology Products Fund ETF price gained 0.415% on the last trading day (Thursday, 28th Mar 2024), rising from $56.38 to $56.61. During the last trading day the ETF fluctuated 0.89% from a day low at $56.61 to a day high of $57.11. The price has risen in 6 of the last 10 days and is up by 2.4% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 2 thousand shares were bought and sold for approximately $122.90 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.37% during the next 3 months and, with a 90% probability hold a price between $53.73 and $61.22 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

BBP Signals & Forecast

There are mixed signals in the ETF today. The BioShares Biotechnology Products Fund ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $58.38. On a fall, the ETF will find some support from the short-term average at $56.25. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 2.40%. Further rise is indicated until a new top pivot has been found. The ETF had a Golden Star Signal on Monday, September 11, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Buy
Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Monday, September 11, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for BioShares Biotechnology Products Fund ETF

BioShares Biotechnology Products Fund finds support from accumulated volume at $56.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.501 between high and low, or 0.89%. For the last week the ETF has had daily average volatility of 0.91%.

Our recommended stop-loss: $53.74 (-5.06%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (BBP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect BioShares Biotechnology Products Fund to open at $56.78, and during the day (based on 14 day Average True Range), to move between $55.72 and $57.50, which gives a possible trading interval of +/-$0.89 (+/-1.57%) up or down from last closing price. If BioShares Biotechnology Products Fund takes out the full calculated possible swing range there will be an estimated 3.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $56.52 (0.16%) than the resistance at $58.63 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BioShares Biotechnology Products Fund ETF A Buy?

BioShares Biotechnology Products Fund 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.

Current score: 0.174 Hold/Accumulate Unchanged

Predicted Opening Price for BioShares Biotechnology Products Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$56.78 ( 0.295%) $56.61

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

Trading levels for BBP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 57.28 1.18 %
R2 57.09 0.84 %
R1 56.97 0.633 %
Current price: 56.61
Support S1 56.58 -0.0431 %
S2 56.47 -0.252 %
S3 56.27 -0.590 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 59.69 5.44 %
R2 58.66 3.62 %
R1 58.63 3.57 %
Current price 56.61
Support S1 56.52 -0.157%
S2 56.38 -0.413%
S3 55.58 -1.82%

BBP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 19, 2017 Dec 20, 2017 Dec 27, 2017 $0.0720 0.176%
2 Dec 21, 2015 Dec 21, 2015 Dec 29, 2015 $0.397 1.27%

FAQ

What is the symbol for BioShares Biotechnology Products Fund ETF and on which exchange is it traded?
The symbol for BioShares Biotechnology Products Fund is BBP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell BioShares Biotechnology Products Fund ETF?
BioShares Biotechnology Products Fund 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.

How to buy BioShares Biotechnology Products Fund ETF?
BioShares Biotechnology Products Fund ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy BioShares Biotechnology Products Fund ETF.

What's the current price of BioShares Biotechnology Products Fund ETF?
As of the end of day on the 2024-03-28, the price of an BioShares Biotechnology Products Fund (BBP) share was $56.61.

What is the 52-week high and low for BioShares Biotechnology Products Fund ETF?
The 52-week high for BioShares Biotechnology Products Fund ETF is $63.25 and the 52-week low is $44.99.

What is the market capitalization of BioShares Biotechnology Products Fund ETF?
As of the 2024-03-28, the market capitalization of BioShares Biotechnology Products Fund is 20.823M.
Click to get the best stock tips daily for free!

About BioShares Biotechnology Products Fund

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the BioShares Biotechnology Products Index. Under normal market conditions, the fund will invest not less than 80% of its total assets in component securities of the index. The index seeks to track the performance of the common stock of U.S. exchange-listed biotechnology companies with a primary product offering or product can... BBP Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT