The Hourly View for BNTX
At the time of this writing, BNTX’s price is up $0.3 (0.35%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on BNTX. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
BNTX’s Technical Outlook on the Daily Chart
At the moment, BNTX’s price is up $5.73 (5.03%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as BNTX has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows BNTX’s price action over the past 90 days.
For BNTX News Traders
Investors and traders in BNTX may be particularly interested in the following story that came out in the past day:
An analyst downgrade put a damper on investors’ celebration of the biotech’s regulatory filings for its COVID vaccine.
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