Burcon NutraScience Corp - Ordinary Stock Forecast
Burcon NutraScience Corp - Ordinary stock downgraded to Hold/Accumulate
(Updated on Apr 18, 2024)
The Burcon NutraScience Corp - Ordinary stock price fell by -2.30% on the last day (Thursday, 18th Apr 2024) from £1,218.00 to £1,190.00. During the last trading day the stock fluctuated 4.25% from a day low at £1,176.00 to a day high of £1,226.00. The price has risen in 6 of the last 10 days but is still down by -5.25% for this period. Volume has increased on the last day by 64 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 239 thousand shares were bought and sold for approximately £283.90 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £1,175.40 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 5.53% during the next 3 months and, with a 90% probability hold a price between £1,240.41 and £1,414.82 at the end of this 3-month period.
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BUR.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.54%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Burcon NutraScience Corp - Ordinary stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £1,247.57 and £1,191.57. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Burcon NutraScience Corp - Ordinary stock
Burcon NutraScience Corp - Ordinary finds support from accumulated volume at £1,172.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £50.00 between high and low, or 4.25%. For the last week, the stock has had daily average volatility of 5.03%.
Our recommended stop-loss: £1,134.81 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (BUR.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Burcon NutraScience Corp - Ordinary Shares to open at £1,197.33, and during the day (based on 14 day Average True Range), to move between £1,140.47 and £1,239.53, which gives a possible trading interval of +/-£49.53 (+/-4.16%) up or down from last closing price. If Burcon NutraScience Corp - Ordinary Shares takes out the full calculated possible swing range there will be an estimated 8.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,199.00 (0.76%) than the support at £1,172.00 (1.51%), 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 Burcon NutraScience Corp - Ordinary Shares stock A Buy?
Burcon NutraScience Corp - Ordinary holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.684 Hold/Accumulate Downgraded
Predicted Opening Price for Burcon NutraScience Corp - Ordinary Shares of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £1,197.33 ( 0.616%) | £1,190.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,247.33 | 4.82 % | |
| R2 | 1,228.23 | 3.21 % | ||
| R1 | 1,216.43 | 2.22 % | ||
| Current price: | 1,190.00 | |||
| Support | S1 | 1,178.23 | -0.99 % | |
| S2 | 1,166.43 | -1.98 % | ||
| S3 | 1,147.33 | -3.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,236.00 | 3.87 % | |
| R2 | 1,205.00 | 1.26 % | ||
| R1 | 1,199.00 | 0.756 % | ||
| Current price | 1,190.00 | |||
| Support | S1 | 1,172.00 | -1.51% | |
| S2 | 1,165.00 | -2.10% | ||
| S3 | 1,128.00 | -5.21% |
BUR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | Jun 14, 2024 | £4.91 | 0.412% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £5.00 | 0.463% |
| 3 | Aug 09, 2022 | Nov 03, 2022 | Dec 01, 2022 | £5.54 | 0.751% |
| 4 | Mar 29, 2022 | May 26, 2022 | Jun 17, 2022 | £4.95 | 0.680% |
| 5 | Sep 09, 2021 | Nov 11, 2021 | Dec 02, 2021 | £4.67 | 0.617% |
FAQ
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