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BioDelivery Sciences International Stock Forecast NASDAQ:BDSI

$2.91 (-3.32%)

Volume: 899k

Closed: Nov 26, 2021

Hollow Logo Score: -4.990

BioDelivery Sciences International Stock Forecast

$2.91 (-3.32%)

Volume: 899k

Closed: Nov 26, 2021

Score Hollow Logo -4.990
Which way will BDSI go? Request
Key Stats
Beta 0.79
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 25 and the stock is currently not being overbought or oversold

Red day on Friday for BioDelivery Sciences International stock after losing 3.32%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-04 Loss -14.91%

The BioDelivery Sciences International stock price fell by -3.32% on the last day (Friday, 26th Nov 2021) from $3.01 to $2.91. and has now fallen 5 days in a row. During the day the stock fluctuated 5.11% from a day low at $2.84 to a day high of $2.99. The price has fallen in 8 of the last 10 days and is down by -7.32% for this period. Volume has increased on the last day by 156 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, 899 thousand shares were bought and sold for approximately $2.61 million.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($2.93) are considered to be a "second chance" to get out. According to the fan-theory $1.93 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The BioDelivery Sciences International stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.02 and $3.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 01, 2021, and so far it has fallen -29.88%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.15 between high and low, or 5.11%. For the last week, the stock has had a daily average volatility of 4.06%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is BioDelivery Sciences International stock A Buy?

BioDelivery Sciences International holds several negative signals and is within a very wide and 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: -4.990

Predicted Opening Price for BioDelivery Sciences International of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$2.91 $2.91 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 04, 2021 "HC Wainwright" gave "$6.00 - $4.50" rating for BDSI. The price target was changed from $3.51 to 11.4%.

Volatility and Risk
Daily Average Volatility: 4.06 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.06 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $3.14
Price: $2.91
No Support Found

BDSI Insider Trading Show all Trades

INSIDER POWER

5.036

Last 100 transactions
Buy: 3 953 124 | Sell: 785 019 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 5 333 Singh Vanila Restricted Stock Units
Nov 22, 2021 Buy 5 333 Singh Vanila Common Stock
Nov 19, 2021 Buy 100 000 Kotler Kevin Common Stock
Nov 18, 2021 Buy 10 000 Sirgo Mark A Common Stock
Nov 18, 2021 Buy 10 000 Sirgo Mark A Common Stock
Show all Insider Trades
INSIDER POWER

5.036

Last 100 transactions
Buy: 3 953 124 | Sell: 785 019 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.06 5.04 %
3.00 3.14 %
2.97 1.96 %
Current price: 2.91
Support 2.86 -1.85 %
2.82 -3.02 %
2.77 -4.93 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.52 20.96 %
3.51 20.62 %
3.14 7.90 %
Current price 2.91
Support 0 .
0 .
0 .

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About BioDelivery Sciences International

BioDelivery Sciences International BioDelivery Sciences International, Inc., a specialty pharmaceutical company, engages in the development and commercialization of pharmaceutical products principally in the areas of pain management and addiction. The company provides its products based on its patented BioErodible MucoAdhesive (BEMA) drug delivery technology, which consists of a small, bi-layered erodible polymer film for application to the buccal mucosa. It offers ONSOLIS, a fent... Read more

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