BioTime, Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
BioTime, Inc stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Sep 24, 2020)
The BioTime, Inc stock price gained 1.28% on the last trading day (Thursday, 24th Sep 2020), rising from $0.92 to $0.93. During the last trading day the stock fluctuated 8.05% from a day low at $0.87 to a day high of $0.94. The price has risen in 7 of the last 10 days and is up by 4.12% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 501 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.08 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.81% during the next 3 months and, with a 90% probability hold a price between $1.02 and $1.29 at the end of this 3-month period.
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BTX Signals & Forecast
Mostly positive signals in the chart today. The BioTime, Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.00. On a fall, the stock will find some support from the long-term average at approximately $0.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, September 23, 2020, and so far it has risen 1.28%. 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). BioTime, 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.
Support, Risk & Stop-loss for BioTime, Inc stock
BioTime, Inc finds support from accumulated volume at $0.92 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0700 between high and low, or 8.05%. For the last week, the stock has had daily average volatility of 9.82%.
Our recommended stop-loss: $0.88 (-5.41%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (BTX) For The Upcoming Trading Day Of Friday 25th
For the upcoming trading day on Friday, 25th we expect BioTime, Inc to open at $0.91, and during the day (based on 14 day Average True Range), to move between $0.86 and $1.01, which gives a possible trading interval of +/-$0.0760 (+/-8.15%) up or down from last closing price. If BioTime, Inc takes out the full calculated possible swing range there will be an estimated 16.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.94 (0.67%) than the support at $0.92 (1.81%), 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 BioTime, Inc 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 BioTime, Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.874 Buy Candidate Upgraded
Predicted Opening Price for BioTime, Inc of Friday, September 25, 2020
Fair opening price September 25, 2020 | Current price |
---|---|
$0.91 ( 1.92%) | $0.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.98 | 5.59 % | |
R2 | 0.96 | 2.72 % | ||
R1 | 0.94 | 0.95 % | ||
Current price: | 0.93 | |||
Support | S1 | 0.89 | -4.79 % | |
S2 | 0.87 | -6.57 % | ||
S3 | 0.84 | -9.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.05 | 12.67 % | |
R2 | 0.98 | 5.16 % | ||
R1 | 0.94 | 0.665 % | ||
Current price | 0.93 | |||
Support | S1 | 0.92 | -1.81% | |
S2 | 0.90 | -3.42% | ||
S3 | 0.790 | -15.23% |
FAQ
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