Burcon NutraScience Corp - Ordinary Shares Forecast and Stock Analysis
Technical BUR.L stock analysis for Wednesday May 22, 2019.
|Shorts||4.38% ( 2018-04-13 )|
|Price to book||GBP 112.58|
|Next Earnings Date||n/a|
Burcon NutraScience Corp - Ordinary Shares gained 3.94% in the last trading day ( Wednesday, 22nd May 2019 ), rising from £1 550.00 to £1 611.00 , and has now gained 3 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 day the stock fluctuated 4.77% from a day low at £1 550.00 to a day high of £1 624.00. The price has risen in 6 of the last 10 days and is up by 8.27% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.58 million more shares were traded than the day before. In total, 1.06 million shares bought and sold for approximately £1 713.81 million.
- 30 day high of the BUR.L stock price was £1 850.00 and low was £1 424.00.
- 90 day high was £2 045.00 and low was £1 424.00.
- 52 week high for the Burcon NutraScience Corp - Ordinary Shares - £2 075.00 and low - £1 288.00.
Burcon NutraScience Corp - Ordinary Shares lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.55% during the next 3 months and, with 90% probability hold a price between £1 224.86 and £1 510.99 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday May 10, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Burcon NutraScience Corp - Ordinary Shares holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £1 655.06. On a fall, the stock will find some support from the short-term average at £1 524.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Burcon NutraScience Corp - Ordinary Shares finds support from accumulated volume at £1 594.00.
This stock may move much during a 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 £74.00 between high and low, or 4.77%. For the last week, the stock has had a daily average volatility of 3.48%.
Our recommended stoploss: £1 534.16 (-4.77%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 8 days ago.)
3.48 %Average volatility
Very Low Low Medium High Very High
Burcon NutraScience Corp - Ordinary Shares holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us