Botanix Pharmaceuticals Ltd Stock Forecast
Botanix Pharmaceuticals Ltd stock price ended at A$0.335 on Tuesday, after gaining 1.52%.
(Updated on Jun 18, 2024)
The Botanix Pharmaceuticals Ltd stock price gained 1.52% on the last trading day (Tuesday, 18th Jun 2024), rising from A$0.330 to A$0.335. During the last trading day the stock fluctuated 4.55% from a day low at A$0.330 to a day high of A$0.345. The price has risen in 4 of the last 10 days and is up by 15.52% over the past 2 weeks. Volume fell on the last day by -9 million shares and in total, 5 million shares were bought and sold for approximately A$1.67 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and strong rising 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 A$0.343 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 50.56% during the next 3 months and, with a 90% probability hold a price between A$0.437 and A$0.516 at the end of this 3-month period.
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BOT.AX Signals & Forecast
Mostly positive signals in the chart today. The Botanix Pharmaceuticals Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at A$0.306 and A$0.281. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 31.37%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Botanix Pharmaceuticals Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at A$0.290 and A$0.280. 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, Botanix Pharmaceuticals Ltd finds support just below today's level at A$0.290. If this is broken, then the next support from accumulated volume will be at A$0.280 and A$0.275.
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 A$0.0150 between high and low, or 4.55%. For the last week, the stock has had daily average volatility of 7.53%.
Our recommended stop-loss: A$0.325 (-2.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (BOT.AX) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Botanix Pharmaceuticals Ltd to open at A$0.337, and during the day (based on 14 day Average True Range), to move between A$0.317 and A$0.353, which gives a possible trading interval of +/-A$0.0180 (+/-5.38%) up or down from last closing price. If Botanix Pharmaceuticals Ltd takes out the full calculated possible swing range there will be an estimated 10.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ A$0.290, some A$0.0450 (13.43%) from the current price of A$0.335, our system finds the risk reward attractive.
Is Botanix Pharmaceuticals Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Botanix Pharmaceuticals Ltd stock to perform well in the short-term.
Current score: 3.926 Buy Candidate Unchanged
Predicted Opening Price for Botanix Pharmaceuticals Ltd of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| A$0.337 ( 0.498%) | A$0.335 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOT.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.352 | 4.98% |
| R2 | 0.346 | 3.26% |
| R1 | 0.342 | 2.21% |
| Price | 0.335 | |
| S1 | 0.331 | -1.21% |
| S2 | 0.327 | -2.27% |
| S3 | 0.322 | -3.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.335 | |
| S1 | 0.290 | -13.43% |
| S2 | 0.280 | -16.42% |
| S3 | 0.275 | -17.91% |
BOT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 10, 1996 | Oct 03, 1996 | Oct 25, 1996 | A$95.85 | 4.55% |
| 2 | Feb 29, 1996 | Mar 21, 1996 | Apr 22, 1996 | A$104.47 | 4.92% |
| 3 | Sep 20, 1995 | Sep 20, 1995 | Oct 16, 1995 | A$89.54 | 4.01% |
| 4 | Mar 10, 1995 | Mar 24, 1995 | Apr 21, 1995 | A$65.75 | 3.18% |
| 5 | Sep 22, 1994 | Sep 22, 1994 | Oct 17, 1994 | A$73.35 | 2.64% |
FAQ
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