BioTelemetry Stock Forecast

Hold candidate since Jan 14, 2025 Gain 6.70%

The BioTelemetry stock price gained 6.70% on the last trading day (Wednesday, 15th Jan 2025), rising from $2.09 to $2.23. During the last trading day the stock fluctuated 9.45% from a day low at $2.10 to a day high of $2.30. The price has been going up and down for this period, and there has been a 3.24% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 119 thousand shares were bought and sold for approximately $264.51 thousand.

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $2.05 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect BioTelemetry stock with a 90% probability to be traded between $2.05 and $3.22 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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BEAT Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, January 13, 2025, and so far it has risen 8.78%. 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). BioTelemetry has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BioTelemetry stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.61. On a fall, the stock will find some support from the short-term average at $2.15. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for BioTelemetry stock

BioTelemetry finds support from accumulated volume at $2.18 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.199 between high and low, or 9.45%. For the last week, the stock has had daily average volatility of 6.27%.

Our recommended stop-loss: $2.14 (-4.20%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (BEAT) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect BioTelemetry to open at $2.21, and during the day (based on 14 day Average True Range), to move between $2.03 and $2.43, which gives a possible trading interval of +/-$0.201 (+/-9.00%) up or down from last closing price. If BioTelemetry takes out the full calculated possible swing range there will be an estimated 18.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.27 (1.79%) than the support at $2.18 (2.24%), 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 BioTelemetry stock A Buy?

BioTelemetry 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.

Current score: -0.174 Hold/Accumulate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 16, 2025 - $2.21 ( 0.87%).