Volatile ride for Bellerophon Therapeutics stock price on Friday moving between $2.60 and $2.87
(Updated on Dec 03, 2021)
Sell candidate since 2021-11-18 Loss -28.95% PDF
The Bellerophon Therapeutics stock price fell by -6.69% on the last day (Friday, 3rd Dec 2021) from $2.84 to $2.65. During the day the stock fluctuated 10.38% from a day low at $2.60 to a day high of $2.87. The price has fallen in 6 of the last 10 days and is down by -28.95% for this period. Volume has increased on the last day by 20 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 41 thousand shares were bought and sold for approximately $109.49 thousand.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($2.91) are considered to be a "second chance" to get out. According to the fan-theory $2.18 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Signals & Forecast
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. The Bellerophon Therapeutics 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 $3.04 and $3.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 17, 2021, and so far it has fallen -30.63%. Further fall is indicated until a new bottom pivot has been found. Bellerophon Therapeutics gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss
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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.27 between high and low, or 10.38%. For the last week, the stock has had a daily average volatility of 7.93%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Bellerophon Therapeutics stock A Buy?
Bellerophon Therapeutics holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -7.000
Predicted Opening Price for Bellerophon Therapeutics 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|
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Maxim Group is very positive about BLPH and gave it a "Buy" rating on Nov 06, 2020. The price target was set to $22.00.
BLPH Insider Trading
|Jun 07, 2021||Buy||8 189||Puissance Life Science Opportunities Fund Vi||Common Stock|
|Apr 26, 2021||Buy||304 286||Puissance Life Science Opportunities Fund Vi||Warrants (Right to buy)|
|Apr 26, 2021||Buy||609 231||Puissance Life Science Opportunities Fund Vi||Common Stock|
|Apr 26, 2021||Buy||380 950||Puissance Life Science Opportunities Fund Vi||Warrants (Right to buy)|
|Mar 31, 2021||Buy||15 308||Peacock Jonathan M||Common Stock|
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