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 BCYC
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Bicycle Therapeutics PLC stock price up 1.43% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 28, 2024 Loss -4.16% PDF

The Bicycle Therapeutics PLC stock price gained 1.43% on the last trading day (Thursday, 28th Mar 2024), rising from $24.55 to $24.90. During the last trading day the stock fluctuated 3.65% from a day low at $24.09 to a day high of $24.97. The price has risen in 7 of the last 10 days and is up by 8.54% over the past 2 weeks. Volume fell on the last day by -64 thousand shares and in total, 200 thousand shares were bought and sold for approximately $4.99 million. 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 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 51.54% during the next 3 months and, with a 90% probability hold a price between $34.00 and $45.08 at the end of this 3-month period.

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BCYC Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -4.60%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Bicycle Therapeutics PLC 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 $25.19. On a fall, the stock will find some support from the long-term average at approximately $23.79. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Bicycle Therapeutics PLC stock

On the downside, the stock finds support just below today's level from accumulated volume at $22.69 and $21.40. There is a 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, Bicycle Therapeutics PLC finds support just below today's level at $22.69. If this is broken, then the next support from accumulated volume will be at $21.40 and $19.26.

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 $0.88 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 4.87%.

Our recommended stop-loss: $23.97 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Bicycle Therapeutics PLC to open at $24.65, and during the day (based on 14 day Average True Range), to move between $23.56 and $26.24, which gives a possible trading interval of +/-$1.34 (+/-5.37%) up or down from last closing price. If Bicycle Therapeutics PLC takes out the full calculated possible swing range there will be an estimated 10.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.04 (0.56%) than the support at $22.69 (8.88%), 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 Bicycle Therapeutics PLC stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.138 Buy Candidate Unchanged

Predicted Opening Price for Bicycle Therapeutics PLC of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$24.65 ( 0.99%) $24.90

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

Trading levels for BCYC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.53 2.54 %
R2 25.20 1.19 %
R1 24.99 0.359 %
Current price: 24.90
Support S1 24.32 -2.34 %
S2 24.11 -3.17 %
S3 23.77 -4.52 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 25.98 4.34 %
R2 25.56 2.65 %
R1 25.04 0.562 %
Current price 24.90
Support S1 22.69 -8.88%
S2 21.40 -14.06%
S3 19.26 -22.65%

FAQ

What is the symbol for Bicycle Therapeutics PLC Stock and on which exchange is it traded?
The symbol for Bicycle Therapeutics PLC is BCYC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Bicycle Therapeutics PLC Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy Bicycle Therapeutics PLC Stock?
Bicycle Therapeutics PLC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bicycle Therapeutics PLC Stock.

What's the current price of Bicycle Therapeutics PLC Stock?
As of the end of day on the 2024-03-28, the price of an Bicycle Therapeutics PLC (BCYC) share was $24.90.

What is the 52-week high and low for Bicycle Therapeutics PLC Stock?
The 52-week high for Bicycle Therapeutics PLC Stock is $28.90 and the 52-week low is $12.54.

What is the market capitalization of Bicycle Therapeutics PLC Stock?
As of the 2024-03-28, the market capitalization of Bicycle Therapeutics PLC is 1.057B.

When is the next earnings date for Bicycle Therapeutics PLC?
The upcoming earnings date for Bicycle Therapeutics PLC is May 02, 2024.
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About Bicycle Therapeutics PLC

Bicycle Therapeutics PLC Bicycle Therapeutics plc, a clinical-stage biopharmaceutical company, develops a class of medicines for diseases that are underserved by existing therapeutics. Its lead product candidate is BT1718, a bicycle toxin conjugate (BTC), which is in Phase I/IIa clinical trials targeting tumors that express Membrane Type 1 matrix metalloprotease. The company's oncology product candidates also comprise BT5528, a BTC that is in a Phase I/II clinical trial ... BCYC Profile

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