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BLFS - BioLife Solutions

Industry: Medical Appliances & Equipment Sector: Healthcare Exchange: NASDAQ

Fri 25'th May 2018

PERIOD 2018-02-26 - 2018-05-25
CHANGE 0.00%
PRICE $9.51
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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BioLife Solutions Stock Analysis

Technical stock analysis for Fri 25'th May 2018

Buy candidate since 2018-05-02 Gain 31.90%

No changes to the price of BioLife Solutions in the last trading day. The price has risen in 6 of the last 10 days and is up by 19.47% over the past 2 weeks.

Shorts 3.16% ( 2018-04-30 )
Cash 5.1 mill
Loans n/a
Beta 0.85
ROA -17.62

Trend

BioLife Solutions lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $9.78 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 79.53% during the next 3 months and, with 90% probability hold a price between $14.16 and $17.55 at the end of this period.

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Signals

BioLife Solutions holds buy signals from both short- and long-term moving averages. In addition, 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 $9.16 and $7.87. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday May 24, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

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Relative Strength Index (RSI)

The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $7.82 and $7.44.

There is 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, BioLife Solutions finds support just below today's level at $7.82. If this is broken, then the next support from accumulated volume will be at $7.44 and $7.17.

Support: $7.82 Price: $9.51

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.41 between high and low, or 4.40%. For the last week the stock has had a daily average volatility of 6.73%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stoploss: $9.07 (-4.61%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 75 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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