Biotest Aktiengesellschaft Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Biotest Aktiengesellschaft stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Biotest Aktiengesellschaft stock price gained 2.93% on the last trading day (Friday, 28th Jun 2024), rising from 41.00€ to 42.20€. During the last trading day the stock fluctuated 1.44% from a day low at 41.60€ to a day high of 42.20€. The price has been going up and down for this period, and there has been a 2.93% gain for the last 2 weeks. Volume fell on the last day by -437 shares and in total, 222 shares were bought and sold for approximately 9.37€ thousand. 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.
Given the current short-term trend, the stock is expected to fall -2.17% during the next 3 months and, with a 90% probability hold a price between 39.73€ and 41.29€ 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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BIO.DE Signals & Forecast
The Biotest Aktiengesellschaft 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 41.17€ and 41.29€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 3.43%. 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 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.
Support, Risk & Stop-loss for Biotest Aktiengesellschaft stock
Biotest Aktiengesellschaft finds support from accumulated volume at 41.80€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0.600€ between high and low, or 1.44%. For the last week the stock has had daily average volatility of 0.386%
The Biotest Aktiengesellschaft stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 41.04€ (-2.76%) (This stock has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 61 days ago.)
Trading Expectations (BIO.DE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Biotest Aktiengesellschaft to open at 42.00€, and during the day (based on 14 day Average True Range), to move between 41.97€ and 42.43€, which gives a possible trading interval of +/-0.233€ (+/-0.55%) up or down from last closing price. If Biotest Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 1.10% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 41.80€, some 0.400€ (0.95%) from the current price of 42.20€, our system finds the risk reward attractive.
Is Biotest Aktiengesellschaft stock A Buy?
Biotest Aktiengesellschaft 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.893 Hold/Accumulate Upgraded
Predicted Opening Price for Biotest Aktiengesellschaft of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 42.00€ ( 0.474%) | 42.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIO.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.60 | 0.95% |
| R2 | 42.37 | 0.405% |
| R1 | 42.23 | 0.0692% |
| Price | 42.20 | |
| S1 | 41.77 | -1.02% |
| S2 | 41.63 | -1.35% |
| S3 | 41.40 | -1.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 42.20 | |
| S1 | 41.80 | -0.95% |
| S2 | 41.60 | -1.42% |
| S3 | 41.00 | -2.84% |
BIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 10, 2024 | 0.0400€ | 0.0962% |
| 2 | May 08, 2019 | May 08, 2019 | May 08, 2019 | 0.0400€ | 0.163% |
| 3 | May 16, 2018 | May 16, 2018 | May 16, 2018 | 0.0400€ | 0.154% |
| 4 | Mar 29, 2017 | Aug 31, 2017 | Sep 04, 2017 | 0.0500€ | 0.174% |
| 5 | Mar 23, 2016 | May 13, 2016 | May 13, 2016 | 0.0200€ | 0.118% |
FAQ
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