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$24.55 (-3.08%)

Volume: 425k

Closed: Dec 03, 2021

Hollow Logo Score: -1.849

BioScrip Stock Forecast

$24.55 (-3.08%)

Volume: 425k

Closed: Dec 03, 2021

Score Hollow Logo -1.849
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 36 and the stock is currently not being overbought or oversold

BioScrip stock price down 3.08% on Friday
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-30 Loss -3.00%

The BioScrip stock price fell by -3.08% on the last day (Friday, 3rd Dec 2021) from $25.33 to $24.55. During the day the stock fluctuated 4.55% from a day low at $24.37 to a day high of $25.48. The price has fallen in 8 of the last 10 days and is down by -7.53% for this period. 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 -118 thousand shares and in total, 425 thousand shares were bought and sold for approximately $10.44 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.54 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.41% during the next 3 months and, with a 90% probability hold a price between $25.86 and $30.11 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 0.24%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BioScrip 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 $25.41 and $26.42. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

BioScrip finds support from accumulated volume at $24.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.11 between high and low, or 4.55%. For the last week, the stock has had a daily average volatility of 4.31%.

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

Is BioScrip stock A Buy?

The BioScrip stock holds several negative signals and despite the positive trend, we believe BioScrip will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.849

Predicted Opening Price for BioScrip of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$24.80 $24.55 (Undervalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 4.31 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.31 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $25.75
Price: $24.55
Support: $24.51

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 25.91 5.54 %
25.49 3.81 %
25.22 2.75 %
Current price: 24.55
Support 24.38 -0.71 %
24.11 -1.78 %
23.69 -3.50 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 27.01 10.02 %
26.42 7.62 %
25.75 4.89 %
Current price 24.55
Support 24.51 -0.16%
24.36 -0.77%
24.11 -1.79%

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About BioScrip

BioScrip BioScrip, Inc. provides home infusion services in the United States. The company engages in the preparation, delivery, administration, and clinical monitoring of pharmaceutical treatments that are administered to a patient through intravenous, subcutaneous, intramuscular, intra-spinal, and enteral methods. It is primarily involved in the intravenous administration of medications to treat a range of acute and chronic conditions, such as infections... Read more

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