Emergent Biosolutions Inc Stock Forecast
Emergent Biosolutions Inc stock price ended at $1.93 on Wednesday, after gaining 2.66%.
(Updated on May 01, 2024)
The Emergent Biosolutions Inc stock price gained 2.66% on the last trading day (Wednesday, 1st May 2024), rising from $1.88 to $1.93. During the last trading day the stock fluctuated 6.68% from a day low at $1.87 to a day high of $2.00. The price has fallen in 6 of the last 10 days but is still up by 1.58% 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, 514 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $2.87 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Emergent Biosolutions Inc stock with a 90% probability to be traded between $1.45 and $3.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EBS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Emergent Biosolutions Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.01 and $2.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -43.40%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Emergent Biosolutions Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.80 and $1.58. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Emergent Biosolutions Inc finds support just below today's level at $1.80. If this is broken, then the next support from accumulated volume will be at $1.58 and $1.56.
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 $0.125 between high and low, or 6.68%. For the last week, the stock has had daily average volatility of 6.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EBS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Emergent Biosolutions Inc to open at $1.93, and during the day (based on 14 day Average True Range), to move between $1.75 and $2.11, which gives a possible trading interval of +/-$0.184 (+/-9.54%) up or down from last closing price. If Emergent Biosolutions Inc takes out the full calculated possible swing range there will be an estimated 19.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.80 (6.74%) than the resistance at $2.16 (11.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Emergent Biosolutions Inc stock A Buy?
Emergent Biosolutions Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.046 Sell Candidate Unchanged
Predicted Opening Price for Emergent Biosolutions Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $1.93 ( 0.0864%) | $1.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.06 | 6.56 % | |
| R2 | 2.01 | 4.09 % | ||
| R1 | 1.98 | 2.56 % | ||
| Current price: | 1.93 | |||
| Support | S1 | 1.88 | -2.39 % | |
| S2 | 1.85 | -3.92 % | ||
| S3 | 1.81 | -6.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.33 | 20.73 % | |
| R2 | 2.29 | 18.65 % | ||
| R1 | 2.16 | 11.92 % | ||
| Current price | 1.93 | |||
| Support | S1 | 1.80 | -6.74% | |
| S2 | 1.58 | -18.13% | ||
| S3 | 1.56 | -19.17% |
FAQ
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