Burcon NutraScience Corp - Ordinary Stock Forecast

Green day on Wednesday for Burcon NutraScience Corp - Ordinary
(Updated on Apr 17, 2024)

BUR.L Signals & Forecast

The Burcon NutraScience Corp - Ordinary 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 £1,257.71. On a fall, the stock will find some support from the long-term average at approximately £1,192.43. 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 Monday, April 15, 2024, and so far it has risen 3.92%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Burcon NutraScience Corp - Ordinary stock

Burcon NutraScience Corp - Ordinary finds support from accumulated volume at £1,205.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £33.00 between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 4.84%.

Our recommended stop-loss: £1,167.73 (-4.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (BUR.L) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Burcon NutraScience Corp - Ordinary Shares to open at £1,213.67, and during the day (based on 14 day Average True Range), to move between £1,168.53 and £1,267.47, which gives a possible trading interval of +/-£49.47 (+/-4.06%) up or down from last closing price. If Burcon NutraScience Corp - Ordinary Shares takes out the full calculated possible swing range there will be an estimated 8.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £1,227.00 (0.74%) than the support at £1,205.00 (1.07%), 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 Burcon NutraScience Corp - Ordinary Shares 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 Burcon NutraScience Corp - Ordinary stock to perform well in the short-term.

Current score: 2.320 Buy Candidate Unchanged

Predicted Opening Price for Burcon NutraScience Corp - Ordinary Shares of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.