Harvard Bioscience Stock Forecast
Red day on Wednesday for Harvard Bioscience
(Updated on May 01, 2024)
No changes to the price of Harvard Bioscience stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 6.01% from a day low at $3.77 to a day high of $4.00. The price has been going up and down for this period, and there has been a -6.6% loss for the last 2 weeks.
The stock lies in the middle of a very 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 -15.04% during the next 3 months and, with a 90% probability hold a price between $2.98 and $3.76 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HBIO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 7.30%. 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. The Harvard Bioscience stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.12. On a fall, the stock will find some support from the short-term average at $3.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Harvard Bioscience stock
Harvard Bioscience finds support from accumulated volume at $3.72 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.227 between high and low, or 6.01%. For the last week the stock has had daily average volatility of 6.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HBIO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Harvard Bioscience to open at $3.86, and during the day (based on 14 day Average True Range), to move between $3.56 and $4.08, which gives a possible trading interval of +/-$0.257 (+/-6.72%) up or down from last closing price. If Harvard Bioscience takes out the full calculated possible swing range there will be an estimated 13.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.72 (2.62%) than the resistance at $4.05 (6.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Harvard Bioscience will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0600. We will update the financials statements for Harvard Bioscience, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.68% in the first trading day after earnings release.
Is Harvard Bioscience stock A Buy?
Harvard Bioscience holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.577 Sell Candidate Unchanged
Predicted Opening Price for Harvard Bioscience of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $3.86 ( 1.10%) | $3.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.09 | 7.03 % | |
| R2 | 4.00 | 4.77 % | ||
| R1 | 3.95 | 3.37 % | ||
| Current price: | 3.82 | |||
| Support | S1 | 3.78 | -1.16 % | |
| S2 | 3.72 | -2.56 % | ||
| S3 | 3.64 | -4.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.50 | 17.80 % | |
| R2 | 4.15 | 8.64 % | ||
| R1 | 4.05 | 6.02 % | ||
| Current price | 3.82 | |||
| Support | S1 | 3.72 | -2.62% | |
| S2 | 3.71 | -2.88% | ||
| S3 | 3.70 | -3.14% |
FAQ
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