BiomX Inc. Stock Forecast
BiomX Inc. stock price fell more than -8.23% Thursday closing at $0.408
(Updated on May 02, 2024)
The BiomX Inc. stock price fell by -8.23% on the last day (Thursday, 2nd May 2024) from $0.445 to $0.408. During the last trading day the stock fluctuated 9.78% from a day low at $0.405 to a day high of $0.445. The price has been going up and down for this period, and there has been a 37.93% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -159 thousand shares and in total, 145 thousand shares were bought and sold for approximately $59.17 thousand.
The stock lies in the middle of a very wide and strong 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 25.61% during the next 3 months and, with a 90% probability hold a price between $0.388 and $1.00 at the end of this 3-month period.
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PHGE Signals & Forecast
The BiomX Inc. 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 $0.391 and $0.355. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -40.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BiomX Inc. stock
BiomX Inc. finds support from accumulated volume at $0.400 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0396 between high and low, or 9.78%. For the last week the stock has had daily average volatility of 19.81%.
Our recommended stop-loss: $0.385 (-5.72%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (PHGE) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect BiomX Inc. to open at $0.419, and during the day (based on 14 day Average True Range), to move between $0.356 and $0.460, which gives a possible trading interval of +/-$0.0524 (+/-12.85%) up or down from last closing price. If BiomX Inc. takes out the full calculated possible swing range there will be an estimated 25.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.400 (1.99%) than the resistance at $0.427 (4.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BiomX Inc. 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 BiomX Inc. stock to perform well in the short-term.
Current score: 3.123 Buy Candidate Unchanged
Predicted Opening Price for BiomX Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $0.419 ( 2.75%) | $0.408 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHGE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.459 | 12.45 % | |
| R2 | 0.444 | 8.74 % | ||
| R1 | 0.434 | 6.45 % | ||
| Current price: | 0.408 | |||
| Support | S1 | 0.404 | -0.96 % | |
| S2 | 0.395 | -3.25 % | ||
| S3 | 0.380 | -6.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.479 | 17.40 % | |
| R2 | 0.450 | 10.29 % | ||
| R1 | 0.427 | 4.63 % | ||
| Current price | 0.408 | |||
| Support | S1 | 0.400 | -1.99% | |
| S2 | 0.370 | -9.31% | ||
| S3 | 0.360 | -11.76% |
FAQ
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