BIOTON S.A. Stock Forecast
BIOTON S.A. stock price ended at 3.55zł on Friday, after gaining 0.282%.
(Updated on May 17, 2024)
The BIOTON S.A. stock price gained 0.282% on the last trading day (Friday, 17th May 2024), rising from 3.54zł to 3.55zł. During the last trading day the stock fluctuated 0.85% from a day low at 3.52zł to a day high of 3.55zł. The price has risen in 5 of the last 10 days and is up by 1.43% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 13 thousand shares were bought and sold for approximately 45.03zł 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.
The stock lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 3.55zł will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.06% during the next 3 months and, with a 90% probability hold a price between 3.35zł and 3.44zł 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.WA Signals & Forecast
The BIOTON S.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 3.55zł and 3.53zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.57%. 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 BIOTON S.A. stock
BIOTON S.A. finds support from accumulated volume at 3.53zł 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 0.0300zł between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.20%
Our recommended stop-loss: 3.37zł (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (BIO.WA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect BIOTON S.A. to open at 3.54zł, and during the day (based on 14 day Average True Range), to move between 3.50zł and 3.60zł, which gives a possible trading interval of +/-0.0486zł (+/-1.37%) up or down from last closing price. If BIOTON S.A. takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 3.57zł (0.42%) than the support at 3.53zł (0.56%), 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 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.
Current score: 0.613 Hold/Accumulate Unchanged
Predicted Opening Price for BIOTON S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 3.54zł ( 0.282%) | 3.55zł |
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 | 3.57 | 0.563 % | |
| R2 | 3.56 | 0.241 % | ||
| R1 | 3.55 | 0.0411 % | ||
| Current price: | 3.55 | |||
| Support | S1 | 3.53 | -0.605 % | |
| S2 | 3.52 | -0.80 % | ||
| S3 | 3.51 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.62 | 1.97 % | |
| R2 | 3.57 | 0.563 % | ||
| R1 | 3.57 | 0.423 % | ||
| Current price | 3.55 | |||
| Support | S1 | 3.53 | -0.563% | |
| S2 | 3.51 | -1.27% | ||
| S3 | 3.50 | -1.41% |
FAQ
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