Biome Technologies plc Stock Forecast
Biome Technologies plc stock price up 4.74% on Thursday
(Updated on Apr 18, 2024)
The Biome Technologies plc stock price gained 4.74% on the last trading day (Thursday, 18th Apr 2024), rising from £95.00 to £99.50. During the last trading day the stock fluctuated 0% from a day low at £99.50 to a day high of £99.50. The price has been going up and down for this period, and there has been a 4.74% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 365 more shares were traded than the day before. In total, 510 shares were bought and sold for approximately £50.75 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.43% during the next 3 months and, with a 90% probability hold a price between £81.20 and £115.05 at the end of this 3-month period.
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BIOM.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 10.56%. Further rise is indicated until a new top pivot has been found. Biome Technologies plc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Biome Technologies 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 £104.29. On a fall, the stock will find some support from the short-term average at £94.95. 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).
Support, Risk & Stop-loss for Biome Technologies plc stock
Biome Technologies plc finds support from accumulated volume at £95.00 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: £95.11 (-4.41%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (BIOM.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Biome Technologies plc to open at £99.50, and during the day (based on 14 day Average True Range), to move between £91.09 and £107.91, which gives a possible trading interval of +/-£8.41 (+/-8.45%) up or down from last closing price. If Biome Technologies plc takes out the full calculated possible swing range there will be an estimated 16.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £100.00 (0.50%) than the support at £95.00 (4.52%), 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.
Is Biome Technologies plc stock A Buy?
Biome Technologies plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.693 Hold/Accumulate Unchanged
Predicted Opening Price for Biome Technologies plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £99.50 ( 0%) | £99.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIOM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.50 | . | |
| R2 | 99.50 | . | ||
| R1 | 99.50 | . | ||
| Current price: | 99.50 | |||
| Support | S1 | 99.50 | . | |
| S2 | 99.50 | . | ||
| S3 | 99.50 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.54 | 20.14 % | |
| R2 | 105.00 | 5.53 % | ||
| R1 | 100.00 | 0.503 % | ||
| Current price | 99.50 | |||
| Support | S1 | 95.00 | -4.52% | |
| S2 | 90.13 | -9.42% | ||
| S3 | 90.00 | -9.55% |
BIOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 15, 2004 | May 26, 2004 | Jul 01, 2004 | £24.27 | 0.232% |
| 2 | Feb 24, 2003 | May 28, 2003 | Jul 01, 2003 | £23.55 | 0.417% |
| 3 | Feb 04, 2002 | May 29, 2002 | Jul 01, 2002 | £23.55 | 0.270% |
FAQ
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