BioCardia, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for BioCardia, Inc. as stock downgraded to Hold/Accumulate.
(Updated on May 16, 2024)
The BioCardia, Inc. stock price fell by -0.95% on the last day (Thursday, 16th May 2024) from $0.400 to $0.396. During the last trading day the stock fluctuated 3.51% from a day low at $0.396 to a day high of $0.410. The price has risen in 6 of the last 10 days and is up by 5.63% over the past 2 weeks. Volume has increased on the last day by 65 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 155 thousand shares were bought and sold for approximately $61.56 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 -15.12% during the next 3 months and, with a 90% probability hold a price between $0.282 and $0.426 at the end of this 3-month period.
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BCDA Signals & Forecast
The BioCardia, Inc. 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 $0.396. On a fall, the stock will find some support from the long-term average at approximately $0.385. 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. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.03%. Further rise is indicated until a new top pivot has been found. 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. BioCardia, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BioCardia, Inc. stock
BioCardia, Inc. finds support from accumulated volume at $0.389 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0139 between high and low, or 3.51%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: $0.378 (-4.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (BCDA) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect BioCardia, Inc. to open at $0.401, and during the day (based on 14 day Average True Range), to move between $0.377 and $0.415, which gives a possible trading interval of +/-$0.0188 (+/-4.76%) up or down from last closing price. If BioCardia, Inc. takes out the full calculated possible swing range there will be an estimated 9.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.400 (0.98%) than the support at $0.389 (1.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is BioCardia, Inc. stock A Buy?
BioCardia, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.470 Hold/Accumulate Downgraded
Predicted Opening Price for BioCardia, Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.401 ( 1.17%) | $0.396 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCDA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.415 | 4.68 % | |
| R2 | 0.409 | 3.34 % | ||
| R1 | 0.406 | 2.51 % | ||
| Current price: | 0.396 | |||
| Support | S1 | 0.395 | -0.171 % | |
| S2 | 0.392 | -1.00 % | ||
| S3 | 0.387 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.455 | 14.90 % | |
| R2 | 0.444 | 11.97 % | ||
| R1 | 0.400 | 0.98 % | ||
| Current price | 0.396 | |||
| Support | S1 | 0.389 | -1.69% | |
| S2 | 0.382 | -3.69% | ||
| S3 | 0.376 | -5.02% |
FAQ
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