Bioadaptives Inc Stock Forecast
Volatile ride for Bioadaptives Inc stock price on Friday moving between $0.0004 and $0.0006
(Updated on May 03, 2024)
The Bioadaptives Inc stock price gained 10.00% on the last trading day (Friday, 3rd May 2024), rising from $0.0005 to $0.0006. During the last trading day the stock fluctuated 37.50% from a day low at $0.0004 to a day high of $0.0006. The price has risen in 5 of the last 10 days and is up by 1.85% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $660.28 . 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 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 -27.47% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0005 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BDPT Signals & Forecast
The Bioadaptives Inc 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 $0.0005 and $0.0005. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 30, 2024, and so far it has fallen -8.33%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should go up by 16.36% to $0.0006 within 20 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Bioadaptives Inc stock
Bioadaptives Inc finds support from accumulated volume at $0.0005 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 37.50%. For the last week the stock has had daily average volatility of 35.50%.
Our recommended stop-loss: $0.0005 (-5.56%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (BDPT) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bioadaptives Inc to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0007, which gives a possible trading interval of +/-$0.0002 (+/-27.46%) up or down from last closing price. If Bioadaptives Inc takes out the full calculated possible swing range there will be an estimated 54.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0005 (1.82%) than the resistance at $0.0006 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bioadaptives Inc stock A Buy?
Bioadaptives Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.216 Hold/Accumulate Upgraded
Predicted Opening Price for Bioadaptives Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0005 ( 9.09%) | $0.0006 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDPT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0007 | 18.18 % | |
| R2 | 0.0006 | 7.76 % | ||
| R1 | 0.0006 | 1.33 % | ||
| Current price: | 0.0006 | |||
| Support | S1 | 0.0004 | -19.51 % | |
| S2 | 0.0004 | -25.95 % | ||
| S3 | 0.0004 | -36.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0006 | 12.73 % | ||
| R1 | 0.0006 | 9.09 % | ||
| Current price | 0.0006 | |||
| Support | S1 | 0.0005 | -1.82% | |
| S2 | 0.0005 | -9.09% | ||
| S3 | 0.0005 | -18.18% |
FAQ
Click here for our free guide on how to buy Bioadaptives Inc Stock.
