BioStem Technologies, Inc. Stock Forecast
BioStem Technologies, Inc. stock price up 2.14% on Monday
(Updated on Apr 29, 2024)
The BioStem Technologies, Inc. stock price gained 2.14% on the last trading day (Monday, 29th Apr 2024), rising from $9.11 to $9.30. During the last trading day the stock fluctuated 2.74% from a day low at $9.14 to a day high of $9.39. The price has fallen in 6 of the last 10 days and is down by -19.83% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately $234.37 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.16 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.60% during the next 3 months and, with a 90% probability hold a price between $11.69 and $21.26 at the end of this 3-month period.
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BSEM Signals & Forecast
BioStem Technologies, Inc. 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 BioStem Technologies, Inc. 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 $9.38 and $10.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -40.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BioStem Technologies, Inc. stock
BioStem Technologies, Inc. finds support from accumulated volume at $9.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.250 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 3.66%.
BioStem Technologies, Inc. is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BSEM) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect BioStem Technologies, Inc. to open at $9.28, and during the day (based on 14 day Average True Range), to move between $8.52 and $10.08, which gives a possible trading interval of +/-$0.777 (+/-8.35%) up or down from last closing price. If BioStem Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 16.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.37 (0.75%) than the support at $9.05 (2.69%), 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 BioStem Technologies, Inc. stock A Buy?
The BioStem Technologies, Inc. stock holds several negative signals and despite the positive trend, we believe BioStem Technologies, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.158 Sell Candidate Unchanged
Predicted Opening Price for BioStem Technologies, Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $9.28 ( 0.251%) | $9.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSEM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.53 | 2.44 % | |
| R2 | 9.43 | 1.41 % | ||
| R1 | 9.37 | 0.776 % | ||
| Current price: | 9.30 | |||
| Support | S1 | 9.18 | -1.28 % | |
| S2 | 9.12 | -1.91 % | ||
| S3 | 9.03 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.50 | 2.15 % | |
| R2 | 9.46 | 1.72 % | ||
| R1 | 9.37 | 0.753 % | ||
| Current price | 9.30 | |||
| Support | S1 | 9.05 | -2.69% | |
| S2 | 8.74 | -6.02% | ||
| S3 | 7.35 | -20.97% |
FAQ
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