BIOTON S.A. Stock Forecast
BIOTON S.A. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)
The BIOTON S.A. stock price fell by -0.85% on the last day (Thursday, 2nd May 2024) from 3.53zł to 3.50zł. During the last trading day the stock fluctuated 1.29% from a day low at 3.50zł to a day high of 3.55zł. The price has risen in 4 of the last 10 days. Volume has increased on the last day by 25 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 121 thousand shares were bought and sold for approximately 424.45zł thousand.
The stock lies in the middle of a narrow 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 -4.52% during the next 3 months and, with a 90% probability hold a price between 3.31zł and 3.37zł 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BIO.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.143%. 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 BIOTON S.A. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 3.51zł and 3.54zł. A break-up above any of these levels will issue buy signals. BIOTON S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for BIOTON S.A. stock
BIOTON S.A. finds support from accumulated volume at 3.50zł 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.0450zł between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIO.WA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect BIOTON S.A. to open at 3.52zł, and during the day (based on 14 day Average True Range), to move between 3.45zł and 3.55zł, which gives a possible trading interval of +/-0.0527zł (+/-1.50%) up or down from last closing price. If BIOTON S.A. takes out the full calculated possible swing range there will be an estimated 3.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 3.51zł (0.14%) than the support at 3.50zł (0.14%), 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 BIOTON S.A. stock A Buy?
BIOTON S.A. holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.598 Sell Candidate Downgraded
Predicted Opening Price for BIOTON S.A. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 3.52zł ( 0.429%) | 3.50zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIO.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.56 | 1.71 % | |
| R2 | 3.54 | 1.22 % | ||
| R1 | 3.53 | 0.92 % | ||
| Current price: | 3.50 | |||
| Support | S1 | 3.50 | -0.0626 % | |
| S2 | 3.49 | -0.366 % | ||
| S3 | 3.47 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.62 | 3.43 % | |
| R2 | 3.57 | 2.00 % | ||
| R1 | 3.51 | 0.143 % | ||
| Current price | 3.50 | |||
| Support | S1 | 3.50 | -0.143% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy BIOTON S.A. Stock.
