Bioventix Plc Stock Forecast
Green day on Monday for Bioventix Plc stock after gaining 2.02%
(Updated on Jun 17, 2024)
The Bioventix Plc stock price gained 2.02% on the last trading day (Monday, 17th Jun 2024), rising from £4,200.00 to £4,285.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.20% from a day low at £4,100.00 to a day high of £4,395.00. The price has risen in 5 of the last 10 days but is still down by -0.35% for this period. Volume fell on the last day by -360 shares and in total, 3 thousand shares were bought and sold for approximately £12.92 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £4,387.55 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.73% during the next 3 months and, with a 90% probability hold a price between £3,492.19 and £3,960.77 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BVXP.L Signals & Forecast
There are mixed signals in the stock today. The Bioventix Plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £4,295.86. On a fall, the stock will find some support from the short-term average at £4,104.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 9.87%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, September 20, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, September 20, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Bioventix Plc stock
Bioventix Plc finds support from accumulated volume at £4,275.00 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 £295.00 between high and low, or 7.20%. For the last week, the stock has had daily average volatility of 7.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BVXP.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Bioventix Plc to open at £4,260.00, and during the day (based on 14 day Average True Range), to move between £4,101.99 and £4,468.01, which gives a possible trading interval of +/-£183.01 (+/-4.27%) up or down from last closing price. If Bioventix Plc takes out the full calculated possible swing range there will be an estimated 8.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £4,275.00 (0.23%) than the resistance at £4,300.00 (0.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bioventix Plc stock A Buy?
Bioventix Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.668 Sell Candidate Unchanged
Predicted Opening Price for Bioventix Plc of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| £4,260.00 ( 0.583%) | £4,285.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BVXP.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,555.00 | 6.30% |
| R2 | 4,442.31 | 3.67% |
| R1 | 4,372.69 | 2.05% |
| Price | 4,285.00 | |
| S1 | 4,147.31 | -3.21% |
| S2 | 4,077.69 | -4.84% |
| S3 | 3,965.00 | -7.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,600.00 | 7.35% |
| R2 | 4,375.00 | 2.10% |
| R1 | 4,300.00 | 0.350% |
| Price | 4,285.00 | |
| S1 | 4,275.00 | -0.233% |
| S2 | 4,000.00 | -6.65% |
| S3 | 3,900.00 | -8.98% |
BVXP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 26, 2024 | £68.00 | 1.53% |
| 2 | Nov 09, 2023 | Nov 09, 2023 | Nov 24, 2023 | £90.00 | 2.29% |
| 3 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | £62.00 | 1.59% |
| 4 | Oct 24, 2022 | Nov 03, 2022 | Nov 18, 2022 | £26.00 | 0.703% |
| 5 | Mar 28, 2022 | Apr 07, 2022 | Apr 22, 2022 | £52.00 | 1.49% |
FAQ
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