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 BEAT
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BioTelemetry stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 26, 2024 PDF

The BioTelemetry stock price fell by -1.80% on the last day (Thursday, 28th Mar 2024) from $2.22 to $2.18. During the last trading day the stock fluctuated 3.22% from a day low at $2.17 to a day high of $2.24. The price has fallen in 6 of the last 10 days and is down by -5.63% for this period. 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 -51 thousand shares and in total, 31 thousand shares were bought and sold for approximately $67.13 thousand.

The stock lies in the middle of a very wide and weak 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 9.60% during the next 3 months and, with a 90% probability hold a price between $1.61 and $2.68 at the end of this 3-month period.

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BEAT Signals & Forecast

The BioTelemetry 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 $2.20. On a fall, the stock will find some support from the long-term average at approximately $1.91. 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. 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 Friday, March 15, 2024, and so far it has fallen -9.54%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for BioTelemetry stock

BioTelemetry finds support from accumulated volume at $2.14 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 $0.0698 between high and low, or 3.22%. For the last week the stock has had daily average volatility of 8.86%.

Our recommended stop-loss: $2.05 (-5.84%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)

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

For the upcoming trading day on Monday, 1st we expect BioTelemetry to open at $2.20, and during the day (based on 14 day Average True Range), to move between $1.98 and $2.38, which gives a possible trading interval of +/-$0.200 (+/-9.19%) up or down from last closing price. If BioTelemetry takes out the full calculated possible swing range there will be an estimated 18.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.14 (1.83%) than the resistance at $2.31 (5.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BioTelemetry 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 BioTelemetry stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.531 Buy Candidate Upgraded

Predicted Opening Price for BioTelemetry of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.20 ( 0.761%) $2.18

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

Trading levels for BEAT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.27 3.96 %
R2 2.24 2.74 %
R1 2.22 1.98 %
Current price: 2.18
Support S1 2.17 -0.462 %
S2 2.15 -1.22 %
S3 2.13 -2.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.35 7.80 %
R2 2.32 6.42 %
R1 2.31 5.96 %
Current price 2.18
Support S1 2.14 -1.83%
S2 2.05 -5.96%
S3 1.99 -8.72%

FAQ

What is the symbol for BioTelemetry Stock and on which exchange is it traded?
The symbol for BioTelemetry is BEAT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell BioTelemetry Stock?
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 BioTelemetry stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of BioTelemetry Stock?
As of the end of day on the 2024-03-28, the price of an BioTelemetry (BEAT) share was $2.18.

What is the 52-week high and low for BioTelemetry Stock?
The 52-week high for BioTelemetry Stock is $3.74 and the 52-week low is $1.06.

What is the market capitalization of BioTelemetry Stock?
As of the 2024-03-28, the market capitalization of BioTelemetry is 57.397M.

When is the next earnings date for BioTelemetry?
The upcoming earnings date for BioTelemetry is May 09, 2024.
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About BioTelemetry

BioTelemetry HeartBeam, Inc., a medical technology company, primarily focuses on telemedicine solutions for the detection and monitoring of cardiac disease outside a healthcare facility setting. The company also focuses on providing diagnostic data to physicians with care management of patients with cardiovascular disease. Its telehealth product comprises a credit card sized electrocardiogram machine and a cloud-based diagnostic software system to address the... BEAT Profile

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