BioCryst Pharmaceuticals Stock Forecast
Red day on Wednesday for BioCryst Pharmaceuticals
(Updated on Jul 03, 2024)
The BioCryst Pharmaceuticals stock price fell by -2.14% on the last day (Wednesday, 3rd Jul 2024) from $6.55 to $6.41. During the last trading day the stock fluctuated 5.30% from a day low at $6.41 to a day high of $6.75. The price has been going up and down for this period, and there has been a 6.83% gain for the last 2 weeks. 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 -1 million shares and in total, 1 million shares were bought and sold for approximately $8.75 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 49.60% during the next 3 months and, with a 90% probability hold a price between $8.84 and $11.31 at the end of this 3-month period.
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BCRX Signals & Forecast
The BioCryst Pharmaceuticals stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.31 and $6.33. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -5.60%. Further fall is indicated until a new bottom pivot has been found. 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 for BioCryst Pharmaceuticals stock
BioCryst Pharmaceuticals finds support from accumulated volume at $6.36 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 $0.340 between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 5.06%.
Our recommended stop-loss: $6.15 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (BCRX) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect BioCryst Pharmaceuticals to open at $6.52, and during the day (based on 14 day Average True Range), to move between $6.08 and $6.74, which gives a possible trading interval of +/-$0.329 (+/-5.13%) up or down from last closing price. If BioCryst Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 10.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.42 (0.16%) than the support at $6.36 (0.78%), 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 BioCryst Pharmaceuticals stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BioCryst Pharmaceuticals stock to perform well in the short-term.
Current score: 1.073 Buy Candidate Unchanged
Predicted Opening Price for BioCryst Pharmaceuticals of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
$6.52 ( 1.77%) | $6.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCRX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.86 | 7.07% |
R2 | 6.73 | 5.05% |
R1 | 6.65 | 3.79% |
Price | 6.41 | |
S1 | 6.39 | -0.258% |
S2 | 6.31 | -1.51% |
S3 | 6.18 | -3.54% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.79 | 5.93% |
R2 | 6.47 | 0.94% |
R1 | 6.42 | 0.156% |
Price | 6.41 | |
S1 | 6.36 | -0.780% |
S2 | 6.18 | -3.59% |
S3 | 5.27 | -17.78% |
FAQ
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