Bioera S.p.A. Stock Forecast

Bioera S.p.A. stock price up 2.01% on Friday
(Updated on May 31, 2024)

BIE.MI Signals & Forecast

The Bioera S.p.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 0.0790€ and 0.0745€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Bioera S.p.A. 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. The very low volume increases the risk and reduces the other technical signals issued. 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 23, 2024, and so far it has fallen -34.35%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Bioera S.p.A. stock

Bioera S.p.A. finds support from accumulated volume at 0.0800€ 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 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 0.0072€ between high and low, or 9.65%. For the last week, the stock has had daily average volatility of 12.30%.

Our recommended stop-loss: 0.0767€ (-5.72%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 32 days ago.)

Trading Expectations (BIE.MI) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Bioera S.p.A. to open at 0.0793€, and during the day (based on 14 day Average True Range), to move between 0.0721€ and 0.0907€, which gives a possible trading interval of +/-0.0093€ (+/-11.40%) up or down from last closing price. If Bioera S.p.A. takes out the full calculated possible swing range there will be an estimated 22.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 0.0820€ (0.74%) than the support at 0.0800€ (1.72%), 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 Bioera S.p.A. 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 Bioera S.p.A. stock to perform well in the short-term.

Current score: 2.485 Buy Candidate Unchanged

Predicted Opening Price for Bioera S.p.A. of Monday, June 3, 2024

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