bioMérieux S.A. Stock Forecast

Evaluation of bioMérieux S.A. stock downgraded after the last trading session.
(Updated on Apr 24, 2024)

BIM.PA Signals & Forecast

The bioMérieux S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 100.42€ and 100.46€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.72%. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, August 22, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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

bioMérieux S.A. finds support from accumulated volume at 100.60€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.90€ between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 1.91%.

Our recommended stop-loss: 96.38€ (-4.29%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (BIM.PA) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect bioMérieux S.A. to open at 101.33€, and during the day (based on 14 day Average True Range), to move between 97.95€ and 103.45€, which gives a possible trading interval of +/-2.75€ (+/-2.73%) up or down from last closing price. If bioMérieux S.A. takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 100.60€ (0.10%) than the resistance at 101.10€ (0.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is bioMérieux S.A. stock A Buy?

bioMérieux S.A. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.764 Hold/Accumulate Downgraded

Predicted Opening Price for bioMérieux S.A. of Thursday, April 25, 2024

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