Biostage Inc Stock Forecast
Biostage Inc stock price up 0.82% on Friday
(Updated on Feb 07, 2020)
The Biostage Inc stock price gained 0.82% on the last trading day (Friday, 7th Feb 2020), rising from $2.45 to $2.47. 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 0.82% from a day low at $2.45 to a day high of $2.47. The price has risen in 5 of the last 10 days and is up by 12.27% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 7 thousand shares were bought and sold for approximately $18.25 thousand. 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $2.54 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Biostage Inc stock with a 90% probability to be traded between $2.08 and $2.53 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BSTG Signals & Forecast
The Biostage 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 $2.36 and $2.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 03, 2020, and so far it has risen 17.62%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Biostage Inc stock
Biostage Inc finds support from accumulated volume at $2.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0200 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 8.98%
Our recommended stop-loss: $2.37 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (BSTG) For The Upcoming Trading Day Of Monday 10th
For the upcoming trading day on Monday, 10th we expect Biostage Inc to open at $2.46, and during the day (based on 14 day Average True Range), to move between $2.31 and $2.63, which gives a possible trading interval of +/-$0.162 (+/-6.57%) up or down from last closing price. If Biostage Inc takes out the full calculated possible swing range there will be an estimated 13.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.47 (0.00%) than the resistance at $2.49 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Biostage Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Biostage Inc stock to perform well in the short-term period.
Current score: 1.725 Buy Candidate Unchanged
Predicted Opening Price for Biostage Inc of Monday, February 10, 2020
| Fair opening price February 10, 2020 | Current price |
|---|---|
| $2.46 ( 0.270%) | $2.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSTG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.48 | 0.540 % | |
| R2 | 2.48 | 0.230 % | ||
| R1 | 2.47 | 0.0394 % | ||
| Current price: | 2.47 | |||
| Support | S1 | 2.46 | -0.579 % | |
| S2 | 2.45 | -0.770 % | ||
| S3 | 2.44 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.55 | 3.24 % | |
| R2 | 2.50 | 1.21 % | ||
| R1 | 2.49 | 0.81 % | ||
| Current price | 2.47 | |||
| Support | S1 | 2.47 | . | |
| S2 | 2.45 | -0.81% | ||
| S3 | 2.20 | -10.93% |
FAQ
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