Bavarian Nordic A/S Stock Forecast

Bavarian Nordic A/S stock upgraded to Buy Candidate.
(Updated on May 16, 2024)

BVNRY Signals & Forecast

The Bavarian Nordic A/S 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 $7.97 and $7.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 21.03%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Bavarian Nordic A/S stock

Bavarian Nordic A/S finds support from accumulated volume at $8.28 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 $0.0550 between high and low, or 0.657%. For the last week the stock has had daily average volatility of 0.90%.

The Bavarian Nordic A/S stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $7.98 (-4.68%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (BVNRY) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Bavarian Nordic A/S to open at $8.39, and during the day (based on 14 day Average True Range), to move between $8.21 and $8.54, which gives a possible trading interval of +/-$0.165 (+/-1.97%) up or down from last closing price. If Bavarian Nordic A/S takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.40 (0.30%) than the support at $8.28 (1.18%), 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 Bavarian Nordic A/S 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.140 Buy Candidate Upgraded

Predicted Opening Price for Bavarian Nordic A/S of Friday, May 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.