BioCorRx Inc Stock Forecast

Strong day for BioCorRx Inc stock price on Thursday rising 11.11% to $0.90
(Updated on May 16, 2024)

BICX Signals & Forecast

There are mixed signals in the stock today. The BioCorRx Inc 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 $1.00. On a fall, the stock will find some support from the short-term average at $0.80. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -40.00%. Further fall is indicated until a new bottom pivot has been found. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for BioCorRx Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.82 and $0.780. 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, BioCorRx Inc finds support just below today's level at $0.82. If this is broken, then the next support from accumulated volume will be at $0.780 and $0.750.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.

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

Trading Expectations (BICX) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect BioCorRx Inc to open at $0.90, and during the day (based on 14 day Average True Range), to move between $0.84 and $0.96, which gives a possible trading interval of +/-$0.0603 (+/-6.71%) up or down from last closing price. If BioCorRx Inc takes out the full calculated possible swing range there will be an estimated 13.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.96 (6.67%) than the support at $0.82 (8.89%), 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 BioCorRx Inc stock A Buy?

BioCorRx Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.620 Sell Candidate Unchanged

Predicted Opening Price for BioCorRx Inc of Friday, May 17, 2024

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