BioRestorative Therapies, Inc. Stock Forecast
A very red day for BioRestorative Therapies, Inc. stock price after a -6.51% fall in the Friday trading session
(Updated on May 03, 2024)
The BioRestorative Therapies, Inc. stock price fell by -6.51% on the last day (Friday, 3rd May 2024) from $1.46 to $1.37. During the last trading day the stock fluctuated 5.15% from a day low at $1.36 to a day high of $1.43. The price has fallen in 6 of the last 10 days and is down by -0.36% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -278 thousand shares and in total, 67 thousand shares were bought and sold for approximately $91.90 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.20 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.68% during the next 3 months and, with a 90% probability hold a price between $1.11 and $2.94 at the end of this 3-month period.
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BRTX Signals & Forecast
The BioRestorative Therapies, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.33 and $1.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.98%. 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. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BioRestorative Therapies, Inc. stock
BioRestorative Therapies, Inc. finds support from accumulated volume at $1.35 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0700 between high and low, or 5.15%. For the last week the stock has had daily average volatility of 14.58%.
Our recommended stop-loss: $1.31 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (BRTX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect BioRestorative Therapies, Inc. to open at $1.39, and during the day (based on 14 day Average True Range), to move between $1.23 and $1.50, which gives a possible trading interval of +/-$0.138 (+/-10.10%) up or down from last closing price. If BioRestorative Therapies, Inc. takes out the full calculated possible swing range there will be an estimated 20.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.37 (0.37%) than the support at $1.35 (1.10%), 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 BioRestorative Therapies, Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.456 Buy Candidate Unchanged
Predicted Opening Price for BioRestorative Therapies, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $1.39 ( 1.47%) | $1.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRTX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.46 | 6.59 % | |
| R2 | 1.43 | 4.63 % | ||
| R1 | 1.41 | 3.42 % | ||
| Current price: | 1.37 | |||
| Support | S1 | 1.36 | -0.494 % | |
| S2 | 1.34 | -1.70 % | ||
| S3 | 1.32 | -3.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.57 | 15.02 % | |
| R2 | 1.42 | 4.03 % | ||
| R1 | 1.37 | 0.366 % | ||
| Current price | 1.37 | |||
| Support | S1 | 1.35 | -1.10% | |
| S2 | 1.31 | -4.03% | ||
| S3 | 1.28 | -6.23% |
FAQ
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