Emergent Biosolutions Inc Stock Forecast
Big movements in Emergent Biosolutions Inc stock price on Thursday moving 10.89% between high and low
(Updated on Mar 28, 2024)
The Emergent Biosolutions Inc stock price fell by -2.32% on the last day (Thursday, 28th Mar 2024) from $2.59 to $2.53. During the last trading day the stock fluctuated 10.89% from a day low at $2.45 to a day high of $2.72. The price has been going up and down for this period, and there has been a 7.66% gain for the last 2 weeks. Volume has increased on the last day by 25 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, 1 million shares were bought and sold for approximately $2.76 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 29.60% during the next 3 months and, with a 90% probability hold a price between $2.56 and $4.72 at the end of this 3-month period.
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EBS Signals & Forecast
The Emergent Biosolutions 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 $2.50 and $2.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 12.95%. Further rise is indicated until a new top pivot has been found. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Emergent Biosolutions Inc stock
Emergent Biosolutions 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.
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 $0.267 between high and low, or 10.89%. For the last week, the stock has had daily average volatility of 7.60%.
Our recommended stop-loss: $2.45 (-3.10%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (EBS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Emergent Biosolutions Inc to open at $2.57, and during the day (based on 14 day Average True Range), to move between $2.26 and $2.80, which gives a possible trading interval of +/-$0.266 (+/-10.53%) up or down from last closing price. If Emergent Biosolutions Inc takes out the full calculated possible swing range there will be an estimated 21.07% 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 (2.37%) than the resistance at $2.71 (7.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Emergent Biosolutions 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 Emergent Biosolutions Inc stock to perform well in the short-term.
Current score: 2.521 Buy Candidate Unchanged
Predicted Opening Price for Emergent Biosolutions Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$2.57 ( 1.44%) | $2.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.83 | 11.99 % | |
R2 | 2.73 | 7.96 % | ||
R1 | 2.67 | 5.47 % | ||
Current price: | 2.53 | |||
Support | S1 | 2.46 | -2.60 % | |
S2 | 2.40 | -5.09 % | ||
S3 | 2.30 | -9.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.80 | 10.67 % | |
R2 | 2.74 | 8.30 % | ||
R1 | 2.71 | 7.11 % | ||
Current price | 2.53 | |||
Support | S1 | 2.47 | -2.37% | |
S2 | 2.36 | -6.72% | ||
S3 | 2.33 | -7.91% |
FAQ
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