BioPharma Credit Plc Stock Forecast

BioPharma Credit Plc stock price up 0.228% on Friday
(Updated on Apr 26, 2024)

BPCR.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 0.92%. 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). BioPharma Credit Plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BioPharma Credit Plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £0.88. On a fall, the stock will find some support from the short-term average at £0.88. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for BioPharma Credit Plc stock

BioPharma Credit Plc finds support from accumulated volume at £0.88 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 £0.0060 between high and low, or 0.686%. For the last week the stock has had daily average volatility of 0.603%.

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

Trading Expectations (BPCR.L) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect BioPharma Credit Plc to open at £0.88, and during the day (based on 14 day Average True Range), to move between £0.87 and £0.88, which gives a possible trading interval of +/-£0.0068 (+/-0.78%) up or down from last closing price. If BioPharma Credit Plc takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £0.88 (0.23%) than the support at £0.88 (0.23%), 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 BioPharma Credit Plc stock A Buy?

BioPharma Credit Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.825 Sell Candidate Unchanged

Predicted Opening Price for BioPharma Credit Plc of Monday, April 29, 2024

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