Vir Biotechnology, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
A very strong day for Vir Biotechnology, Inc. stock price on Friday
(Updated on May 03, 2024)
The Vir Biotechnology, Inc. stock price gained 13.18% on the last trading day (Friday, 3rd May 2024), rising from $9.18 to $10.39. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 5.69% from a day low at $10.02 to a day high of $10.59. The price has risen in 8 of the last 10 days and is up by 30.69% 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, 540 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $17.24 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $10.34, a level that may pose a second chance to hit a runner. According to fan-theory $13.25 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VIR Signals & Forecast
Mostly positive signals in the chart today. The Vir Biotechnology, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $8.71 and $9.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 36.17%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Vir Biotechnology, Inc. stock
Vir Biotechnology, Inc. finds support from accumulated volume at $10.00 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 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 $0.570 between high and low, or 5.69%. For the last week, the stock has had daily average volatility of 5.12%.
Since the Vir Biotechnology, Inc. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $10.02 (-3.56%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (VIR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Vir Biotechnology, Inc. to open at $10.33, and during the day (based on 14 day Average True Range), to move between $9.90 and $10.88, which gives a possible trading interval of +/-$0.493 (+/-4.75%) up or down from last closing price. If Vir Biotechnology, Inc. takes out the full calculated possible swing range there will be an estimated 9.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.00 (3.75%) than the resistance at $11.24 (8.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vir Biotechnology, Inc. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 3.780 Buy Candidate Unchanged
Predicted Opening Price for Vir Biotechnology, Inc. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$10.33 ( 0.545%) | $10.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.90 | 4.94 % | |
R2 | 10.69 | 2.84 % | ||
R1 | 10.55 | 1.55 % | ||
Current price: | 10.39 | |||
Support | S1 | 10.12 | -2.64 % | |
S2 | 9.98 | -3.94 % | ||
S3 | 9.76 | -6.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.53 | 10.97 % | |
R2 | 11.43 | 10.01 % | ||
R1 | 11.24 | 8.18 % | ||
Current price | 10.39 | |||
Support | S1 | 10.00 | -3.75% | |
S2 | 9.79 | -5.77% | ||
S3 | 8.74 | -15.88% |
FAQ
Click here for our free guide on how to buy Vir Biotechnology, Inc. Stock.