Biotage AB Stock Forecast
Green day on Wednesday for Biotage AB stock after gaining 1.42%
(Updated on May 08, 2024)
The Biotage AB stock price gained 1.42% on the last trading day (Wednesday, 8th May 2024), rising from kr169.10 to kr171.50. During the last trading day the stock fluctuated 2.38% from a day low at kr168.00 to a day high of kr172.00. The price has risen in 6 of the last 10 days and is up by 5.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 84 thousand shares were bought and sold for approximately kr14.37 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Biotage AB stock with a 90% probability to be traded between kr157.52 and kr184.52 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BIOT.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.20%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Biotage AB 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 kr171.54. On a fall, the stock will find some support from the short-term average at kr168.99. 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.
Support, Risk & Stop-loss for Biotage AB stock
Biotage AB finds support from accumulated volume at kr169.90 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 kr4.00 between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: kr163.67 (-4.57%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (BIOT.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Biotage AB to open at kr170.50, and during the day (based on 14 day Average True Range), to move between kr166.11 and kr176.89, which gives a possible trading interval of +/-kr5.39 (+/-3.14%) up or down from last closing price. If Biotage AB takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr169.90 (0.93%) than the resistance at kr178.00 (3.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Biotage AB stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Biotage AB stock to perform well in the short-term period.
Current score: 1.069 Buy Candidate Unchanged
Predicted Opening Price for Biotage AB of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr170.50 ( 0.583%) | kr171.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIOT.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 174.50 | 1.75 % | |
| R2 | 172.97 | 0.86 % | ||
| R1 | 172.03 | 0.308 % | ||
| Current price: | 171.50 | |||
| Support | S1 | 168.97 | -1.47 % | |
| S2 | 168.03 | -2.02 % | ||
| S3 | 166.50 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 186.30 | 8.63 % | |
| R2 | 181.90 | 6.06 % | ||
| R1 | 178.00 | 3.79 % | ||
| Current price | 171.50 | |||
| Support | S1 | 169.90 | -0.93% | |
| S2 | 165.50 | -3.50% | ||
| S3 | 160.00 | -6.71% |
BIOT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr1.60 | 0.94% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr1.60 | 1.26% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | kr1.55 | 0.753% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | kr1.50 | 0.789% |
| 5 | Apr 25, 2019 | Apr 25, 2019 | Apr 25, 2019 | kr1.50 | 1.15% |
FAQ
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