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(BLRX) Biolinerx complete technical analysis [charts+indicators] | Buy/Sell Biolinerx | (BLRX) share price targets

Complete technical analysis of Biolinerx (BLRX) by charts plus indicators, forecast predictions and share price targets for Biolinerx (BLRX)

Biolinerx trades in USA in Health Care sector.

Showing technical analysis as on 2024-10-17 View latest technical analysis

10 day averaged volume of Biolinerx is 461260

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	0.46	0.48	0.50	0.45	0.733 times
16 Wed Oct 2024	0.47	0.45	0.48	0.45	0.5 times
15 Tue Oct 2024	0.44	0.46	0.48	0.43	0.634 times
14 Mon Oct 2024	0.46	0.50	0.50	0.44	0.758 times
11 Fri Oct 2024	0.49	0.47	0.49	0.45	0.427 times
10 Thu Oct 2024	0.47	0.47	0.49	0.45	0.295 times
09 Wed Oct 2024	0.46	0.50	0.50	0.45	0.617 times
08 Tue Oct 2024	0.47	0.48	0.50	0.43	1.031 times
07 Mon Oct 2024	0.48	0.51	0.52	0.47	1.66 times
04 Fri Oct 2024	0.46	0.54	0.54	0.44	3.712 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.5, but if it comes above 0.5, then a intra day buy could be more profitable.
If you take a sell trade below 0.5, then use 0.5 as stoploss and 0.4 as target. However if you take a buy trade in stock , then use 0.5 as stoploss and 0.53 as target.

Share price targets for Biolinerx (BLRX)

Target Type	Value
Downside Target	0.43
Downside Target	0.44
Upside Target	0.50
Upside Target	0.51
Upside Target	0.54
Upside Target	0.60
Upside Target	0.67
Upside Target	0.77
Upside Target	0.88
Upside Target	0.89

Intraday share price targets for Biolinerx (BLRX)

Target Type	Value
Downside Intraday Target	0.43
Downside Intraday Target	0.39
Upside Intraday Target	0.5
Upside Intraday Target	0.53
Upside Intraday Target	0.46

Weekly technical analysis of Biolinerx (BLRX)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	0.46	0.50	0.50	0.43	0.651 times
11 Fri Oct 2024	0.49	0.51	0.52	0.43	0.532 times
04 Fri Oct 2024	0.46	0.65	0.67	0.44	7.303 times
27 Fri Sep 2024	0.62	0.67	0.67	0.62	0.826 times
20 Fri Sep 2024	0.66	0.63	0.67	0.61	1.112 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Biolinerx (BLRX)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	0.46	0.60	0.61	0.43	1.947 times
30 Mon Sep 2024	0.54	0.66	0.67	0.54	0.504 times
30 Fri Aug 2024	0.64	0.79	0.88	0.60	0.659 times
31 Wed Jul 2024	0.79	0.57	0.89	0.51	1.697 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Biolinerx (BLRX)

Price action analysis of Biolinerx ( (BLRX) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Biolinerx ( (BLRX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Biolinerx ( (BLRX) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Biolinerx stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Biolinerx in short term but the buy signal is initial and weak.

Biolinerx Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Biolinerx in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Biolinerx is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.46 and Biolinerx (BLRX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Biolinerx (BLRX) stock. Volume based technical analysis of Biolinerx (BLRX) stock is negative.

Biolinerx Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.