BB BIOTECH AG Stock Forecast
Green day on Thursday for BB BIOTECH AG stock after gaining 0.123%
(Updated on Jul 04, 2024)
The BB BIOTECH AG stock price gained 0.123% on the last trading day (Thursday, 4th Jul 2024), rising from 40.80€ to 40.85€. During the last trading day the stock fluctuated 1.49% from a day low at 40.30€ to a day high of 40.90€. The price has fallen in 5 of the last 10 days but is still up by 0.49% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 11 thousand shares were bought and sold for approximately 460.63€ 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 stock lies in the middle of a 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 -6.00% during the next 3 months and, with a 90% probability hold a price between 36.70€ and 39.53€ 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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BBZA.F Signals & Forecast
There are few to no technical positive signals at the moment. The BB BIOTECH AG 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 41.34€ and 41.31€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -3.54%. 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 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.
Support, Risk & Stop-loss for BB BIOTECH AG stock
BB BIOTECH AG finds support from accumulated volume at 40.80€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.600€ between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.52%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBZA.F) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect BB BIOTECH AG to open at 40.68€, and during the day (based on 14 day Average True Range), to move between 40.10€ and 41.60€, which gives a possible trading interval of +/-0.749€ (+/-1.83%) up or down from last closing price. If BB BIOTECH AG takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 40.80€ (0.12%) than the resistance at 41.20€ (0.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BB BIOTECH AG stock A Buy?
BB BIOTECH AG holds several negative signals and is within a 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: -3.376 Sell Candidate Unchanged
Predicted Opening Price for BB BIOTECH AG of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| 40.68€ ( 0.408%) | 40.85€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBZA.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.28 | 1.06% |
| R2 | 41.05 | 0.500% |
| R1 | 40.91 | 0.153% |
| Price | 40.85 | |
| S1 | 40.45 | -0.97% |
| S2 | 40.31 | -1.32% |
| S3 | 40.08 | -1.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.95 | 7.59% |
| R2 | 42.00 | 2.82% |
| R1 | 41.20 | 0.86% |
| Price | 40.85 | |
| S1 | 40.80 | -0.122% |
| S2 | 40.55 | -0.734% |
| S3 | 40.15 | -1.71% |
BBZA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Mar 27, 2024 | 2.12€ | 0% |
| 2 | Mar 27, 2023 | Mar 27, 2023 | Mar 27, 2023 | 2.85€ | 0% |
| 3 | Mar 21, 2022 | Mar 21, 2022 | Mar 21, 2022 | 3.85€ | 0% |
| 4 | Mar 22, 2021 | Mar 22, 2021 | Mar 22, 2021 | 3.60€ | 0% |
FAQ
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