Biotest Aktiengesellschaft Stock Forecast

Green day on Monday for Biotest Aktiengesellschaft
(Updated on May 20, 2024)

BIO3.DE Signals & Forecast

There are mixed signals in the stock today. The Biotest Aktiengesellschaft 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 28.43€. On a fall, the stock will find some support from the short-term average at 27.69€. 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. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -6.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Biotest Aktiengesellschaft has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. 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 27.20€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.200€ (0.727%) between high and low. For the last week, the stock has had daily average volatility of 0.363%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BIO3.DE) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Biotest Aktiengesellschaft to open at 27.63€, and during the day (based on 14 day Average True Range), to move between 27.38€ and 28.02€, which gives a possible trading interval of +/-0.321€ (+/-1.16%) up or down from last closing price. If Biotest Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 28.20€ (1.81%) than the support at 27.20€ (1.81%), 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 Biotest Aktiengesellschaft stock A Buy?

Biotest Aktiengesellschaft 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.

Current score: -1.027 Sell Candidate Unchanged

Predicted Opening Price for Biotest Aktiengesellschaft of Tuesday, May 21, 2024

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