RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BIOG.L
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Biotech Growth Trust stock price ended at £987.00 on Wednesday, after gaining 1.13%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Loss -0.10% PDF

The Biotech Growth Trust stock price gained 1.13% on the last trading day (Wednesday, 27th Mar 2024), rising from £976.00 to £987.00. During the last trading day the stock fluctuated 2.30% from a day low at £964.77 to a day high of £987.00. The price has been going up and down for this period, and there has been a 3.13% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 64 thousand shares were bought and sold for approximately £62.86 million. 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 in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.11% during the next 3 months and, with a 90% probability hold a price between £1,088.76 and £1,186.08 at the end of this 3-month period.

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BIOG.L Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -2.28%. 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). The Biotech Growth Trust 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 £977.29 and £970.27. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Biotech Growth Trust stock

Biotech Growth Trust finds support from accumulated volume at £984.00 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 £22.23 between high and low, or 2.30%. For the last week the stock has had daily average volatility of 3.42%.

Our recommended stop-loss: £952.46 (-3.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (BIOG.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Biotech Growth Trust to open at £979.59, and during the day (based on 14 day Average True Range), to move between £958.90 and £1,015.10, which gives a possible trading interval of +/-£28.10 (+/-2.85%) up or down from last closing price. If Biotech Growth Trust takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £988.00 (0.10%) than the support at £984.00 (0.30%), 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 Biotech Growth Trust stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Biotech Growth Trust stock to perform well in the short-term.

Current score: 2.764 Buy Candidate Unchanged

Predicted Opening Price for Biotech Growth Trust of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£979.59 ( 0.751%) £987.00

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

Trading levels for BIOG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,001.82 1.50 %
R2 993.33 0.641 %
R1 988.08 0.110 %
Current price: 987.00
Support S1 971.10 -1.61 %
S2 965.85 -2.14 %
S3 957.36 -3.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,010.00 2.33 %
R2 991.00 0.405 %
R1 988.00 0.101 %
Current price 987.00
Support S1 984.00 -0.304%
S2 957.00 -3.04%
S3 894.00 -9.42%

BIOG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 20, 2001 Jul 04, 2001 Jul 30, 2001 £0.200 0.148%
2 Jun 17, 1999 Aug 02, 1999 Aug 31, 1999 £0.400 0.586%
3 Jun 16, 1998 Jul 13, 1998 Apr 09, 1999 £0.600 0.92%

FAQ

What is the symbol for Biotech Growth Trust Stock and on which exchange is it traded?
The symbol for Biotech Growth Trust is BIOG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Biotech Growth Trust Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Biotech Growth Trust stock to perform well in the short-term.

How to buy Biotech Growth Trust Stock?
Biotech Growth Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Biotech Growth Trust Stock.

What's the current price of Biotech Growth Trust Stock?
As of the end of day on the 2024-03-27, the price of an Biotech Growth Trust (BIOG.L) share was £987.00.

What is the 52-week high and low for Biotech Growth Trust Stock?
The 52-week high for Biotech Growth Trust Stock is £1,034.00 and the 52-week low is £715.00.

What is the market capitalization of Biotech Growth Trust Stock?
As of the 2024-03-27, the market capitalization of Biotech Growth Trust is 331.897M.

When is the next earnings date for Biotech Growth Trust?
The upcoming earnings date for Biotech Growth Trust is Jun 13, 2024.
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About Biotech Growth Trust

The Biotech Growth Trust PLC is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is co-managed by OrbiMed Capital LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the biotechnology sector. The fund invests in stocks of companies across all market capitalizations. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance ... BIOG.L Profile

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