Bionic USD Stock Forecast
Stronger technical forecast for Bionic USD stock price after Friday trading.
(Updated on Jun 28, 2024)
The Bionic USD stock price fell by -0.97% on the last day (Friday, 28th Jun 2024) from $0.317 to $0.314. During the last trading day the stock fluctuated 1.75% from a day low at $0.313 to a day high of $0.318. The price has fallen in 6 of the last 10 days but is still up by 1.88% 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 -36 thousand shares and in total, 47 thousand shares were bought and sold for approximately $14.78 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -35.53% during the next 3 months and, with a 90% probability hold a price between $0.163 and $0.245 at the end of this 3-month period. 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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BNCUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 7.21%. 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. The Bionic USD 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 $0.348. On a fall, the stock will find some support from the short-term average at $0.309. 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. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bionic USD stock
Bionic USD finds support from accumulated volume at $0.314 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0055 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: $0.301 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (BNCUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Bionic USD to open at $0.315, and during the day (based on 14 day Average True Range), to move between $0.300 and $0.328, which gives a possible trading interval of +/-$0.0141 (+/-4.49%) up or down from last closing price. If Bionic USD takes out the full calculated possible swing range there will be an estimated 8.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.314 (0.02%) than the resistance at $0.323 (2.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bionic USD stock A Buy?
Bionic USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.142 Hold/Accumulate Upgraded
Predicted Opening Price for Bionic USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.315 ( 0.398%) | $0.314 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNCUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.320 | 2.14% |
| R2 | 0.318 | 1.48% |
| R1 | 0.317 | 1.07% |
| Price | 0.314 | |
| S1 | 0.313 | -0.270% |
| S2 | 0.311 | -0.682% |
| S3 | 0.309 | -1.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.363 | 15.65% |
| R2 | 0.331 | 5.59% |
| R1 | 0.323 | 2.95% |
| Price | 0.314 | |
| S1 | 0.314 | -0.0159% |
| S2 | 0.309 | -1.40% |
| S3 | 0.298 | -4.84% |
FAQ
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