B.R.A.I.N. Biotechnology Research and Stock Forecast
Big movements in B.R.A.I.N. Biotechnology Research and stock price on Tuesday moving 12.05% between high and low
(Updated on Jun 25, 2024)
The B.R.A.I.N. Biotechnology Research and stock price fell by -7.06% on the last day (Tuesday, 25th Jun 2024) from 2.55€ to 2.37€. During the last trading day the stock fluctuated 12.05% from a day low at 2.24€ to a day high of 2.51€. The price has fallen in 7 of the last 10 days and is down by -14.44% for this period. Volume has increased on the last day by 19 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, 19 thousand shares were bought and sold for approximately 45.97€ thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 2.32€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.65% during the next 3 months and, with a 90% probability hold a price between 1.86€ and 2.17€ 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
There are few to no technical positive signals at the moment. 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 2.53€ and 2.72€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -18.28%. 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). 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
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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.270€ between high and low, or 12.05%. For the last week, the stock has had daily average volatility of 5.59%.
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect B.R.A.I.N. Biotechnology Research and Information Network AG to open at 2.37€, and during the day (based on 14 day Average True Range), to move between 2.23€ and 2.51€, which gives a possible trading interval of +/-0.137€ (+/-5.79%) 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 11.58% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 2.74€, some 0.370€ (15.61%) from the current price of 2.37€, our system finds the risk reward not very attractive.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.965 Strong Sell Candidate Downgraded
Predicted Opening Price for B.R.A.I.N. Biotechnology Research and Information Network AG of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 2.37€ ( 0.141%) | 2.37€ |
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 | |
|---|---|---|
| R3 | 2.64 | 11.53% |
| R2 | 2.54 | 7.18% |
| R1 | 2.48 | 4.49% |
| Price | 2.37 | |
| S1 | 2.27 | -4.21% |
| S2 | 2.21 | -6.90% |
| S3 | 2.10 | -11.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.82 | 18.99% |
| R2 | 2.77 | 16.88% |
| R1 | 2.74 | 15.61% |
| Price | 2.37 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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