Burcon NutraScience Corp - Ordinary 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
Burcon NutraScience Corp - Ordinary stock price down 0% on Wednesday
(Updated on May 01, 2024)
No changes to the price of Burcon NutraScience Corp - Ordinary stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 1.71% from a day low at £1,226.00 to a day high of £1,247.00. The price has risen in 6 of the last 10 days and is up by 1.81% over the past 2 weeks.
The stock lies in the middle of a wide and weak 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 6.96% during the next 3 months and, with a 90% probability hold a price between £1,272.09 and £1,449.52 at the end of this 3-month period.
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BUR.L Signals & Forecast
The Burcon NutraScience Corp - Ordinary stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £1,228.57 and £1,212.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 5.80%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Burcon NutraScience Corp - Ordinary stock
Burcon NutraScience Corp - Ordinary finds support from accumulated volume at £1,236.00 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 £21.00 between high and low, or 1.71%. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: £1,173.64 (-5.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (BUR.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Burcon NutraScience Corp - Ordinary Shares to open at £1,237.67, and during the day (based on 14 day Average True Range), to move between £1,199.10 and £1,280.90, which gives a possible trading interval of +/-£40.90 (+/-3.30%) 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 6.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,243.00 (0.24%) than the support at £1,236.00 (0.32%), 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?
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 Burcon NutraScience Corp - Ordinary stock to perform well in the short-term.
Current score: 4.879 Buy Candidate Unchanged
Predicted Opening Price for Burcon NutraScience Corp - Ordinary Shares of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
£1,237.67 ( 0.188%) | £1,240.00 |
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 | 1,258.67 | 1.51 % | |
R2 | 1,250.64 | 0.86 % | ||
R1 | 1,245.69 | 0.459 % | ||
Current price: | 1,240.00 | |||
Support | S1 | 1,229.64 | -0.84 % | |
S2 | 1,224.69 | -1.23 % | ||
S3 | 1,216.67 | -1.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,321.00 | 6.53 % | |
R2 | 1,244.00 | 0.323 % | ||
R1 | 1,243.00 | 0.242 % | ||
Current price | 1,240.00 | |||
Support | S1 | 1,236.00 | -0.323% | |
S2 | 1,199.00 | -3.31% | ||
S3 | 1,172.00 | -5.48% |
BUR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 23, 2024 | May 23, 2024 | Jun 14, 2024 | £4.91 | 0.396% |
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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