B.R.A.I.N. Biotechnology Research and Stock Forecast
B.R.A.I.N. Biotechnology Research and stock price ended at 2.73€ on Thursday, after losing 0.365%.
(Updated on May 23, 2024)
The B.R.A.I.N. Biotechnology Research and stock price fell by -0.365% on the last day (Thursday, 23rd May 2024) from 2.74€ to 2.73€. During the last trading day the stock fluctuated 6.04% from a day low at 2.65€ to a day high of 2.81€. The price has fallen in 5 of the last 10 days and is down by -0.73% for this period. Volume has increased on the last day by 7 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, 18 thousand shares were bought and sold for approximately 50.38€ thousand.
The stock lies the upper part of a 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 2.80€ 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 -35.28% during the next 3 months and, with a 90% probability hold a price between 1.55€ and 1.81€ 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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BNN.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 1.87%. 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 B.R.A.I.N. Biotechnology Research and 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 2.78€ and 2.87€. A break-up above any of these levels will issue buy signals. B.R.A.I.N. Biotechnology Research and 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for B.R.A.I.N. Biotechnology Research and stock
B.R.A.I.N. Biotechnology Research and finds support from accumulated volume at 2.72€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.160€ between high and low, or 6.04%. For the last week the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNN.DE) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect B.R.A.I.N. Biotechnology Research and Information Network AG to open at 2.73€, and during the day (based on 14 day Average True Range), to move between 2.57€ and 2.89€, which gives a possible trading interval of +/-0.161€ (+/-5.89%) up or down from last closing price. If B.R.A.I.N. Biotechnology Research and Information Network AG takes out the full calculated possible swing range there will be an estimated 11.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 2.72€ (0.37%) than the resistance at 2.74€ (0.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
B.R.A.I.N. Biotechnology Research and Information Network AG will release earnings BMO on Tuesday, May 28, 2024. We will update the financials statements for B.R.A.I.N. Biotechnology Research and Information Network AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.63% in the first trading day after earnings release.
Is B.R.A.I.N. Biotechnology Research and Information Network AG stock A Buy?
B.R.A.I.N. Biotechnology Research and holds several negative signals and is within a 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: -1.467 Sell Candidate Unchanged
Predicted Opening Price for B.R.A.I.N. Biotechnology Research and Information Network AG of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| 2.73€ ( 0%) | 2.73€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNN.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.89 | 5.86 % | |
| R2 | 2.83 | 3.62 % | ||
| R1 | 2.79 | 2.24 % | ||
| Current price: | 2.73 | |||
| Support | S1 | 2.67 | -2.24 % | |
| S2 | 2.63 | -3.62 % | ||
| S3 | 2.57 | -5.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.78 | 1.83 % | |
| R2 | 2.77 | 1.47 % | ||
| R1 | 2.74 | 0.366 % | ||
| Current price | 2.73 | |||
| Support | S1 | 2.72 | -0.366% | |
| S2 | 2.71 | -0.733% | ||
| S3 | 2.68 | -1.83% |
FAQ
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