BioSig Technologies, Inc Stock Forecast
High volatility in BioSig Technologies, Inc stock price on Thursday which ended trading at $1.54
(Updated on Apr 18, 2024)
The BioSig Technologies, Inc stock price fell by -5.52% on the last day (Thursday, 18th Apr 2024) from $1.63 to $1.54. During the last trading day the stock fluctuated 22.41% from a day low at $1.38 to a day high of $1.69. The price has risen in 6 of the last 10 days and is up by 145.61% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 416 thousand shares were bought and sold for approximately $640.21 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 64.00% during the next 3 months and, with a 90% probability hold a price between $1.12 and $3.43 at the end of this 3-month period.
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BSGM Signals & Forecast
The BioSig Technologies, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $1.52 and $0.83. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -23.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for BioSig Technologies, Inc stock
BioSig Technologies, Inc finds support from accumulated volume at $1.51 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.309 between high and low, or 22.41%. For the last week the stock has had daily average volatility of 46.14%.
Our recommended stop-loss: $1.45 (-5.70%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (BSGM) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect BioSig Technologies, Inc to open at $1.54, and during the day (based on 14 day Average True Range), to move between $1.09 and $1.99, which gives a possible trading interval of +/-$0.450 (+/-29.25%) up or down from last closing price. If BioSig Technologies, Inc takes out the full calculated possible swing range there will be an estimated 58.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.51 (1.95%) than the resistance at $1.62 (5.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BioSig Technologies, Inc stock A Buy?
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 BioSig Technologies, Inc stock to perform well in the short-term.
Current score: 1.274 Buy Candidate Unchanged
Predicted Opening Price for BioSig Technologies, Inc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$1.54 ( 0.232%) | $1.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSGM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.85 | 19.85 % | |
R2 | 1.73 | 12.18 % | ||
R1 | 1.65 | 7.44 % | ||
Current price: | 1.54 | |||
Support | S1 | 1.42 | -7.90 % | |
S2 | 1.35 | -12.64 % | ||
S3 | 1.23 | -20.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 1.63 | 5.84 % | ||
R1 | 1.62 | 5.19 % | ||
Current price | 1.54 | |||
Support | S1 | 1.51 | -1.95% | |
S2 | 1.49 | -3.25% | ||
S3 | 1.24 | -19.48% |
FAQ
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