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$1.83 (-2.14%)

Volume: 2.953M

Closed: Sep 30, 2022

Hollow Logo Score: -3.503

BioNano Genomics Stock Forecast

$1.83 (-2.14%)

Volume: 2.953M

Closed: Sep 30, 2022

Score Hollow Logo -3.503
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 80 ] The BioNano Genomics stock currently holds an RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Last Reaction
Last Reaction
JS
JS
1 month ago
JS 1 month ago
What do you mean by "denied". Getting overbought, so a reaction down will be natural. The general trend is good, so as is $4 is likely, question is when? Personally I don't think it will be on this run, but after a reaction back down to $2.60-$2.70 it will attempt a second run which breaks $4. All unless markets in general start tanking again. But I agree. Let us see what happens :)

BioNano Genomics stock price down 2.14% on Friday
(Updated on Sep 30, 2022)


Sell candidate since 2022-09-20 Loss -14.08% PDF

The BioNano Genomics stock price fell by -2.14% on the last day (Friday, 30th Sep 2022) from $1.87 to $1.83. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.56% from a day low at $1.83 to a day high of $1.95. The price has fallen in 8 of the last 10 days and is down by -17.94% 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 -921 thousand shares and in total, 3 million shares were bought and sold for approximately $5.40 million.

Given the current short-term trend, the stock is expected to rise 18.54% during the next 3 months and, with a 90% probability hold a price between $2.17 and $4.65 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The BioNano Genomics 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 $1.86 and $2.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, August 15, 2022, and so far it has fallen -49.17%. Further fall is indicated until a new bottom pivot has been found. 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

BioNano Genomics finds support from accumulated volume at $1.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.12 between high and low, or 6.56%. For the last week, the stock has had daily average volatility of 7.13%.

BioNano Genomics is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect BioNano Genomics Inc. to open at $1.87, and during the day (based on 14 day Average True Range), to move between $1.66 and $2.00, which gives a possible trading interval of +/-$0.17 (+/-9.49%) up or down from last closing price. If BioNano Genomics Inc. takes out the full calculated possible swing range there will be an estimated 18.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.86 (1.64%) than the support at $1.78 (2.73%), 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 BioNano Genomics Inc. stock A Buy?

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

Current score: -3.503

Sell Candidate Unchanged

Predicted Opening Price for BioNano Genomics Inc. of Monday, October 3, 2022

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

Fair opening price October 3, 2022 Current price
$1.87 $1.83 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.99 8.74 %
1.94 6.24 %
1.92 4.69 %
Current price: 1.83
Support 1.82 -0.32 %
1.80 -1.87 %
1.75 -4.37 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.26 23.50 %
2.13 16.39 %
1.86 1.64 %
Current price 1.83
Support 1.78 -2.73%
1.60 -12.57%
1.52 -16.94%

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About BioNano Genomics Inc.

BioNano Genomics Bionano Genomics, Inc. provides genome analysis software solutions. It offers Saphyr, a sample-to-result solution for structural variation analysis by optical genome mapping for genome analysis and understanding of genetic variation and function; Saphyr instrument, a single-molecule imager; Saphyr Chip, a consumable that packages the nanochannel arrays for DNA linearization; and Bionano Prep Kits and DNA labeling kits, which provide the reagents ... BNGO Profile

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