BioTime, Inc Stock Forecast
Stronger technical forecast for BioTime, Inc stock price after Thursday trading.
(Updated on Sep 24, 2020)
The BioTime, Inc stock price gained 1.28% on the last trading day (Thursday, 24th Sep 2020), rising from $0.92 to $0.93. During the last trading day the stock fluctuated 8.05% from a day low at $0.87 to a day high of $0.94. The price has risen in 7 of the last 10 days and is up by 4.12% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 501 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.08 million.
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 16.81% during the next 3 months and, with a 90% probability hold a price between $1.02 and $1.29 at the end of this 3-month period.
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BTX Signals & Forecast
Mostly positive signals in the chart today. The BioTime, Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.00. On a fall, the stock will find some support from the long-term average at approximately $0.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, September 23, 2020, and so far it has risen 1.28%. 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). BioTime, Inc 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for BioTime, Inc stock
BioTime, Inc finds support from accumulated volume at $0.92 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 $0.0700 between high and low, or 8.05%. For the last week, the stock has had daily average volatility of 9.82%.
Our recommended stop-loss: $0.88 (-5.41%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (BTX) For The Upcoming Trading Day Of Friday 25th
For the upcoming trading day on Friday, 25th we expect BioTime, Inc to open at $0.91, and during the day (based on 14 day Average True Range), to move between $0.86 and $1.01, which gives a possible trading interval of +/-$0.0760 (+/-8.15%) up or down from last closing price. If BioTime, Inc takes out the full calculated possible swing range there will be an estimated 16.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.94 (0.67%) than the support at $0.92 (1.81%), 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 BioTime, 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 BioTime, Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.874 Buy Candidate Upgraded
Predicted Opening Price for BioTime, Inc of Friday, September 25, 2020
Fair opening price September 25, 2020 | Current price |
---|---|
$0.91 ( 1.92%) | $0.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.98 | 5.59 % | |
R2 | 0.96 | 2.72 % | ||
R1 | 0.94 | 0.95 % | ||
Current price: | 0.93 | |||
Support | S1 | 0.89 | -4.79 % | |
S2 | 0.87 | -6.57 % | ||
S3 | 0.84 | -9.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.05 | 12.67 % | |
R2 | 0.98 | 5.16 % | ||
R1 | 0.94 | 0.665 % | ||
Current price | 0.93 | |||
Support | S1 | 0.92 | -1.81% | |
S2 | 0.90 | -3.42% | ||
S3 | 0.790 | -15.23% |
FAQ
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