Biome Technologies plc Stock Forecast
Big movements in Biome Technologies plc stock price on Wednesday moving 21.17% between high and low
(Updated on May 01, 2024)
No changes to the price of Biome Technologies plc stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 21.17% from a day low at £70.15 to a day high of £85.00. The price has been going up and down for this period, and there has been a -18.42% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £77.08 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.39% during the next 3 months and, with a 90% probability hold a price between £62.91 and £91.05 at the end of this 3-month period.
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BIOM.L Signals & Forecast
There are mixed signals in the stock today. The Biome Technologies plc 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 £91.07 and £99.37. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Biome Technologies plc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £14.85 between high and low, or 21.17%. For the last week the stock has had daily average volatility of 19.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIOM.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Biome Technologies plc to open at £77.55, and during the day (based on 14 day Average True Range), to move between £66.65 and £88.35, which gives a possible trading interval of +/-£10.85 (+/-14.00%) up or down from last closing price. If Biome Technologies plc takes out the full calculated possible swing range there will be an estimated 28.00% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £82.50, some £5.00 (6.45%) from the current price of £77.50, our system finds the risk reward not very attractive.
Is Biome Technologies plc stock A Buy?
Biome Technologies plc 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: -5.872 Strong Sell Candidate Unchanged
Predicted Opening Price for Biome Technologies plc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £77.55 ( 0.0645%) | £77.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIOM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 92.40 | 19.23 % | |
| R2 | 86.73 | 11.91 % | ||
| R1 | 83.22 | 7.38 % | ||
| Current price: | 77.50 | |||
| Support | S1 | 71.88 | -7.26 % | |
| S2 | 68.37 | -11.78 % | ||
| S3 | 62.70 | -19.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.00 | 22.58 % | |
| R2 | 90.13 | 16.29 % | ||
| R1 | 82.50 | 6.45 % | ||
| Current price | 77.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BIOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 15, 2004 | May 26, 2004 | Jul 01, 2004 | £24.27 | 0.232% |
| 2 | Feb 24, 2003 | May 28, 2003 | Jul 01, 2003 | £23.55 | 0.417% |
| 3 | Feb 04, 2002 | May 29, 2002 | Jul 01, 2002 | £23.55 | 0.270% |
FAQ
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