Bion Environmental Technologies, Inc Stock Forecast
Bion Environmental Technologies, Inc stock price ended at $0.455 on Tuesday, after losing 0%.
(Updated on Jun 25, 2024)
No changes to the price of Bion Environmental Technologies, Inc stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.455 to a day high of $0.455. The price has fallen in 4 of the last 10 days and is down by -10.78% for this period.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.510 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -50.88% during the next 3 months and, with a 90% probability hold a price between $0.0876 and $0.251 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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BNET 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 Bion Environmental Technologies, Inc 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 $0.500. On a fall, the stock will find some support from the short-term average at $0.451. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.09%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Bion Environmental Technologies, Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.415 and $0.410. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bion Environmental Technologies, Inc finds support just below today's level at $0.415. If this is broken, then the next support from accumulated volume will be at $0.410 and $0.400.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.78%
Our recommended stop-loss: $0.436 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (BNET) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Bion Environmental Technologies, Inc to open at $0.455, and during the day (based on 14 day Average True Range), to move between $0.396 and $0.514, which gives a possible trading interval of +/-$0.0588 (+/-12.93%) up or down from last closing price. If Bion Environmental Technologies, Inc takes out the full calculated possible swing range there will be an estimated 25.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.460 (1.10%) than the support at $0.415 (8.81%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Bion Environmental Technologies, Inc stock A Buy?
Bion Environmental Technologies, Inc 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Bion Environmental Technologies, Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.455 ( 0%) | $0.455 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNET
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.455 | - |
| R2 | 0.455 | - |
| R1 | 0.455 | - |
| Price | 0.455 | |
| S1 | 0.455 | - |
| S2 | 0.455 | - |
| S3 | 0.455 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.530 | 16.48% |
| R2 | 0.500 | 9.89% |
| R1 | 0.460 | 1.10% |
| Price | 0.455 | |
| S1 | 0.415 | -8.81% |
| S2 | 0.410 | -9.89% |
| S3 | 0.400 | -12.09% |
FAQ
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