Bonus Biogroup Ltd. Stock Forecast
Bonus Biogroup Ltd. stock upgraded to Hold/Accumulate.
(Updated on Jun 24, 2024)
The Bonus Biogroup Ltd. stock price fell by -3.66% on the last day (Monday, 24th Jun 2024) from ₪16.40 to ₪15.80. During the last trading day the stock fluctuated 3.85% from a day low at ₪15.60 to a day high of ₪16.20. The price has risen in 4 of the last 10 days but is still down by -0.63% for this period. Volume has increased on the last day by 608 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, 608 thousand shares were bought and sold for approximately ₪9.60 million.
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 -12.57% during the next 3 months and, with a 90% probability hold a price between ₪12.73 and ₪17.28 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BONS.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 3.95%. 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 Bonus Biogroup Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₪16.87 and ₪16.48. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Bonus Biogroup Ltd. stock
Bonus Biogroup Ltd. finds support from accumulated volume at ₪15.70 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₪0.600 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 6.41%.
Our recommended stop-loss: ₪15.07 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (BONS.TA) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Bonus Biogroup Ltd. to open at ₪15.87, and during the day (based on 14 day Average True Range), to move between ₪14.91 and ₪16.69, which gives a possible trading interval of +/-₪0.89 (+/-5.66%) up or down from last closing price. If Bonus Biogroup Ltd. takes out the full calculated possible swing range there will be an estimated 11.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪15.70 (0.63%) than the resistance at ₪16.60 (5.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bonus Biogroup Ltd. stock A Buy?
Bonus Biogroup Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded
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 Bonus Biogroup Ltd. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| ₪15.87 ( 0.422%) | ₪15.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BONS.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.47 | 4.22% |
| R2 | 16.24 | 2.77% |
| R1 | 16.10 | 1.87% |
| Price | 15.80 | |
| S1 | 15.64 | -1.03% |
| S2 | 15.50 | -1.92% |
| S3 | 15.27 | -3.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.90 | 19.62% |
| R2 | 17.10 | 8.23% |
| R1 | 16.60 | 5.06% |
| Price | 15.80 | |
| S1 | 15.70 | -0.633% |
| S2 | 15.40 | -2.53% |
| S3 | 15.20 | -3.80% |
FAQ
Click here for our free guide on how to buy Bonus Biogroup Ltd. Stock.
