RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BYSI
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Weaker technical forecast for BeyondSpring Inc as stock downgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 29, 2024 Gain 264.29% PDF

The BeyondSpring Inc stock price fell by -1.65% on the last day (Thursday, 28th Mar 2024) from $3.63 to $3.57. During the last trading day the stock fluctuated 7.12% from a day low at $3.37 to a day high of $3.61. The price has risen in 7 of the last 10 days and is up by 23.1% over the past 2 weeks. Volume has increased on the last day by 93 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 157 thousand shares were bought and sold for approximately $560.95 thousand.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $3.68 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 349.00% during the next 3 months and, with a 90% probability hold a price between $9.94 and $16.51 at the end of this 3-month period.

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BYSI Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -1.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). BeyondSpring Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The BeyondSpring 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 $3.36 and $2.24. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for BeyondSpring Inc stock

BeyondSpring Inc finds support from accumulated volume at $3.42 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.240 between high and low, or 7.12%. For the last week, the stock has had daily average volatility of 10.54%.

Our recommended stop-loss: $3.46 (-3.15%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (BYSI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect BeyondSpring Inc to open at $3.52, and during the day (based on 14 day Average True Range), to move between $3.24 and $3.90, which gives a possible trading interval of +/-$0.328 (+/-9.18%) up or down from last closing price. If BeyondSpring Inc takes out the full calculated possible swing range there will be an estimated 18.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.61 (1.12%) than the support at $3.42 (4.20%), 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 BeyondSpring 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 BeyondSpring Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.370 Buy Candidate Downgraded

Predicted Opening Price for BeyondSpring Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.52 ( 1.49%) $3.57

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

Trading levels for BYSI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.76 5.23 %
R2 3.66 2.66 %
R1 3.61 1.07 %
Current price: 3.57
Support S1 3.42 -4.06 %
S2 3.37 -5.65 %
S3 3.28 -8.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 3.63 1.68 %
R1 3.61 1.12 %
Current price 3.57
Support S1 3.42 -4.20%
S2 2.97 -16.81%
S3 2.90 -18.77%

FAQ

What is the symbol for BeyondSpring Inc Stock and on which exchange is it traded?
The symbol for BeyondSpring Inc is BYSI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell BeyondSpring Inc Stock?
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 BeyondSpring Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy BeyondSpring Inc Stock?
BeyondSpring Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy BeyondSpring Inc Stock.

What's the current price of BeyondSpring Inc Stock?
As of the end of day on the 2024-03-28, the price of an BeyondSpring Inc (BYSI) share was $3.57.

What is the 52-week high and low for BeyondSpring Inc Stock?
The 52-week high for BeyondSpring Inc Stock is $4.00 and the 52-week low is $0.653.

What is the market capitalization of BeyondSpring Inc Stock?
As of the 2024-03-28, the market capitalization of BeyondSpring Inc is 139.285M.

When is the next earnings date for BeyondSpring Inc?
The upcoming earnings date for BeyondSpring Inc is Apr 16, 2024.
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About BeyondSpring Inc

BeyondSpring BeyondSpring Inc., a clinical stage biopharmaceutical company, together with its subsidiaries, focuses on the development of cancer therapies. The company's lead asset is the Plinabulin, a selective immune-modulating microtubule-binding agent that has completed Phase III clinical trials for the prevention of chemotherapy-induced neutropenia; and for treatment of later-stage non-small cell lung cancer. It is also developing Plinabulin in combinati... BYSI Profile

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