Bio-Path Holdings 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
Big movements in Bio-Path Holdings stock price on Friday moving 20.26% between high and low
(Updated on Apr 19, 2024)
The Bio-Path Holdings stock price gained 2.14% on the last trading day (Friday, 19th Apr 2024), rising from $4.20 to $4.29. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 20.26% from a day low at $3.80 to a day high of $4.57. The price has fallen in 6 of the last 10 days but is still up by 1.9% over the past 2 weeks. Volume fell on the last day by -81 million shares and in total, 2 million shares were bought and sold for approximately $9.10 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $3.23 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 109.77% during the next 3 months and, with a 90% probability hold a price between $6.78 and $18.30 at the end of this 3-month period.
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BPTH Signals & Forecast
There are mixed signals in the stock today. The Bio-Path Holdings 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 $4.53. On a fall, the stock will find some support from the short-term average at $3.42. 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. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -33.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Bio-Path Holdings stock
Bio-Path Holdings finds support from accumulated volume at $4.20 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 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 $0.770 between high and low, or 20.26%. For the last week, the stock has had daily average volatility of 36.88%.
Our recommended stop-loss: $4.05 (-5.60%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (BPTH) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Bio-Path Holdings to open at $4.22, and during the day (based on 14 day Average True Range), to move between $3.50 and $5.08, which gives a possible trading interval of +/-$0.793 (+/-18.49%) up or down from last closing price. If Bio-Path Holdings takes out the full calculated possible swing range there will be an estimated 36.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.35 (1.40%) than the support at $4.20 (2.10%), 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 Bio-Path Holdings stock A Buy?
Bio-Path Holdings 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: -0.877 Hold/Accumulate Unchanged
Predicted Opening Price for Bio-Path Holdings of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $4.22 ( 1.63%) | $4.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BPTH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.99 | 16.31 % | |
| R2 | 4.70 | 9.46 % | ||
| R1 | 4.51 | 5.22 % | ||
| Current price: | 4.29 | |||
| Support | S1 | 3.93 | -8.49 % | |
| S2 | 3.74 | -12.72 % | ||
| S3 | 3.45 | -19.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.86 | 13.29 % | |
| R2 | 4.60 | 7.23 % | ||
| R1 | 4.35 | 1.40 % | ||
| Current price | 4.29 | |||
| Support | S1 | 4.20 | -2.10% | |
| S2 | 3.78 | -11.89% | ||
| S3 | 3.24 | -24.48% |
FAQ
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