RSI low/high Values: [ 25 - 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 BIOL
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High volatility in Biolase stock price on Thursday which ended trading at $0.190
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Loss -0.68% PDF

The Biolase stock price fell by -0.680% on the last day (Thursday, 28th Mar 2024) from $0.191 to $0.190. During the last trading day the stock fluctuated 16.88% from a day low at $0.175 to a day high of $0.205. The price has risen in 6 of the last 10 days and is up by 40.8% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 6 million shares were bought and sold for approximately $1.11 million.

Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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BIOL Signals & Forecast

The Biolase 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 $0.170 and $0.176. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 47.13%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Biolase stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.179 and $0.165. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Biolase finds support just below today's level at $0.179. If this is broken, then the next support from accumulated volume will be at $0.165 and $0.158.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0296 between high and low, or 16.88%. For the last week the stock has had daily average volatility of 25.02%.

Our recommended stop-loss: $0.183 (-3.46%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (BIOL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Biolase to open at $0.190, and during the day (based on 14 day Average True Range), to move between $0.158 and $0.221, which gives a possible trading interval of +/-$0.0317 (+/-16.68%) up or down from last closing price. If Biolase takes out the full calculated possible swing range there will be an estimated 33.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.191 (0.68%) than the support at $0.179 (5.53%), 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 Biolase stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 3.060 Buy Candidate Unchanged

Predicted Opening Price for Biolase of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.190 ( 0.140%) $0.190

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

Trading levels for BIOL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.220 15.74 %
R2 0.208 9.78 %
R1 0.201 6.10 %
Current price: 0.190
Support S1 0.179 -5.82 %
S2 0.172 -9.50 %
S3 0.160 -15.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0.191 0.685 %
Current price 0.190
Support S1 0.179 -5.53%
S2 0.165 -12.91%
S3 0.158 -17.02%

BIOL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 16, 2005 Jun 24, 2005 May 11, 2018 $1.15 0.0297%
2 Apr 14, 2005 Apr 21, 2005 May 09, 2005 $1.15 0.0012%
3 Feb 07, 2005 Feb 08, 2005 Feb 24, 2005 $1.15 0.0010%
4 Dec 09, 2004 Dec 13, 2004 Dec 29, 2004 $1.15 0.0009%
5 Oct 07, 2004 Oct 08, 2004 Oct 27, 2004 $1.15 0.0016%

FAQ

What is the symbol for Biolase Stock and on which exchange is it traded?
The symbol for Biolase is BIOL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Biolase Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

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

What's the current price of Biolase Stock?
As of the end of day on the 2024-03-28, the price of an Biolase (BIOL) share was $0.190.

What is the 52-week high and low for Biolase Stock?
The 52-week high for Biolase Stock is $47.10 and the 52-week low is $0.126.

What is the market capitalization of Biolase Stock?
As of the 2024-03-28, the market capitalization of Biolase is 6.215M.

When is the next earnings date for Biolase?
The upcoming earnings date for Biolase is May 09, 2024.
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About Biolase

Biolase BIOLASE, Inc., together with its subsidiaries, develops, manufactures, markets, and sells laser systems for dental practitioners and their patients in the United States and internationally. Its dental laser systems allow dentists, periodontists, endodontists, oral surgeons, and other dental specialists to perform a range of minimally invasive dental procedures, such as cosmetic, restorative, and complex surgical applications. The company offers W... BIOL Profile

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