BioElectronics Corp Stock Forecast
Volatile ride for BioElectronics Corp stock price on Monday moving between $0.0001 and $0.0002
(Updated on May 20, 2024)
The BioElectronics Corp stock price gained 50.00% on the last trading day (Monday, 20th May 2024), rising from $0.0001 to $0.0002. During the last trading day the stock fluctuated 100.00% from a day low at $0.0001 to a day high of $0.0002. The price has been going up and down for this period, and there has been a 50% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 325 thousand shares were bought and sold for approximately $48.75 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -44.90% during the next 3 months and, with a 90% probability hold a price between $0.00002547 and $0.0001 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BIEL Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 50.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The BioElectronics Corp 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 $0.0002. On a fall, the stock will find some support from the short-term average at $0.0001. 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. 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.
A buy signal from a double bottom formation was found on Friday, May 17, 2024 and based on theory for this formation the price should go up by 73.33% to $0.0003 within 5 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for BioElectronics Corp stock
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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 100.00%. For the last week the stock has had daily average volatility of 100.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIEL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect BioElectronics Corp to open at $0.0002, and during the day (based on 14 day Average True Range), to move between $0.00004312 and $0.0003, which gives a possible trading interval of +/-$0.0001 (+/-71.25%) up or down from last closing price. If BioElectronics Corp takes out the full calculated possible swing range there will be an estimated 142.50% move between the lowest and the highest trading price during the day.
Is BioElectronics Corp stock A Buy?
BioElectronics Corp 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.127 Sell Candidate Upgraded
Predicted Opening Price for BioElectronics Corp of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $0.0002 ( 0%) | $0.0002 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIEL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0003 | 66.67 % | |
| R2 | 0.0002 | 41.20 % | ||
| R1 | 0.0002 | 25.47 % | ||
| Current price: | 0.0002 | |||
| Support | S1 | 0.0001 | -25.47 % | |
| S2 | 0.0000882 | -41.20 % | ||
| S3 | 0.00005 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0002 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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