BiomX Inc. Stock Forecast
High volatility in BiomX Inc. stock price on Thursday which ended trading at $0.330
(Updated on May 16, 2024)
The BiomX Inc. stock price fell by -4.48% on the last day (Thursday, 16th May 2024) from $0.346 to $0.330. During the last trading day the stock fluctuated 10.61% from a day low at $0.330 to a day high of $0.365. The price has fallen in 8 of the last 10 days and is down by -19.09% for this period. Volume has increased on the last day by 50 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 94 thousand shares were bought and sold for approximately $30.89 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.290 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.54% during the next 3 months and, with a 90% probability hold a price between $0.330 and $0.87 at the end of this 3-month period.
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PHGE Signals & Forecast
There are few to no technical positive signals at the moment. The BiomX 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 $0.349 and $0.357. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -52.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). BiomX Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BiomX Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.300 and $0.295. 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, BiomX Inc. finds support just below today's level at $0.300. If this is broken, then the next support from accumulated volume will be at $0.295 and $0.280.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0350 between high and low, or 10.61%. For the last week, the stock has had daily average volatility of 8.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHGE) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect BiomX Inc. to open at $0.342, and during the day (based on 14 day Average True Range), to move between $0.285 and $0.375, which gives a possible trading interval of +/-$0.0453 (+/-13.72%) up or down from last closing price. If BiomX Inc. takes out the full calculated possible swing range there will be an estimated 27.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.360 (9.06%) than the support at $0.300 (9.09%), 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.
Earnings coming up
BiomX Inc. will release earnings BMO on Tuesday, May 21, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0700. We will update the financials statements for BiomX Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.46% in the first trading day after earnings release.
Is BiomX Inc. stock A Buy?
The BiomX Inc. stock holds several negative signals and despite the positive trend, we believe BiomX Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.962 Sell Candidate Unchanged
Predicted Opening Price for BiomX Inc. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $0.342 ( 3.51%) | $0.330 |
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 | 0.377 | 14.12 % | |
| R2 | 0.363 | 10.07 % | ||
| R1 | 0.355 | 7.56 % | ||
| Current price: | 0.330 | |||
| Support | S1 | 0.328 | -0.536 % | |
| S2 | 0.320 | -3.04 % | ||
| S3 | 0.307 | -7.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.400 | 21.14 % | |
| R2 | 0.370 | 12.09 % | ||
| R1 | 0.360 | 9.06 % | ||
| Current price | 0.330 | |||
| Support | S1 | 0.300 | -9.09% | |
| S2 | 0.295 | -10.60% | ||
| S3 | 0.280 | -15.09% |
FAQ
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