BioPharma Credit Plc Stock Forecast
BioPharma Credit Plc stock downgraded to Sell Candidate
(Updated on May 09, 2024)
No changes to the price of BioPharma Credit Plc stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at £0.88 to a day high of £0.88. The price has fallen in 5 of the last 10 days but is still up by 0.23% over the past 2 weeks.
The stock lies the upper part of a narrow 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 £0.88 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 -3.20% during the next 3 months and, with a 90% probability hold a price between £0.83 and £0.86 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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BPCR.L Signals & Forecast
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 BioPharma Credit Plc 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 £0.88 and £0.88. 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 01, 2024, and so far it has fallen -0.452%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.89%
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 Friday 10th
For the upcoming trading day on Friday, 10th 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 £0.89, which gives a possible trading interval of +/-£0.0072 (+/-0.81%) up or down from last closing price. If BioPharma Credit Plc takes out the full calculated possible swing range there will be an estimated 1.63% 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 is within a narrow 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 Hold/Accumulate to a Sell candidate.
Current score: -3.447 Sell Candidate Downgraded
Predicted Opening Price for BioPharma Credit Plc of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| £0.88 ( 0%) | £0.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BPCR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.88 | . | |
| R2 | 0.88 | . | ||
| R1 | 0.88 | . | ||
| Current price: | 0.88 | |||
| Support | S1 | 0.88 | . | |
| S2 | 0.88 | . | ||
| S3 | 0.88 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.90 | 1.82 % | |
| R2 | 0.89 | 1.14 % | ||
| R1 | 0.88 | 0.227 % | ||
| Current price | 0.88 | |||
| Support | S1 | 0.88 | -0.227% | |
| S2 | 0.88 | -0.455% | ||
| S3 | 0.87 | -1.14% |
BPCR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 30, 2024 | £0.0175 | 1.99% |
| 2 | Feb 15, 2024 | Feb 15, 2024 | Mar 15, 2024 | £0.0296 | 3.36% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | £0.0375 | 4.50% |
| 4 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | £0.0175 | 2.08% |
| 5 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | £0.0175 | 1.84% |
FAQ
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