Sign in
  • NFT
  • Crypto
  • Stocks
  • DeFI
  • KNIGHTS
  • Luxury
  • Trade
  • Horse Racing
  • Travel
  • Crypto Caps
Sign in
Welcome!Log into your account
Forgot your password?
Privacy Policy
Password recovery
Recover your password
Search
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
Live Trading News Live Trading News
Knights App
Live Trading News Live Trading News
  • NFT
  • Crypto
  • Stocks
  • DeFI
  • KNIGHTS
  • Luxury
  • Trade
  • Horse Racing
  • Travel
  • Crypto Caps
Home Headline News Bionano Genomics (NASDAQ:BNGO) Up 800% In 5 Days
  • Headline News
  • Investments
  • Shayne Heffernan
  • Opinion
  • Stocks
  • Top Stories
  • US Stocks

Bionano Genomics (NASDAQ:BNGO) Up 800% In 5 Days

By
S. Jack Heffernan Ph.D
-
January 5, 2021
Facebook
Twitter
Pinterest
WhatsApp

    Bionano Genomics
    Ticker: NASDAQ:BNGO
    Price: $7.20

    Company News

    Bionano’s optical genome mapping platform, Saphyr, has been shown to be more effective at finding structural variants than its competitors. It’s also significantly more cost-effective. For these reasons, analysts expect Saphyr to gain broader adoption in genome sequencing and research applications. 

    Saphyr has the potential to change the clinical diagnostic landscape, due in part to its time, labor, and cost efficiencies. McCarthy also believes Saphyr could generate more informative diagnostic results. In turn, he sees rising Saphyr usage and increased testing helping to fuel Bionano’s revenue growth. 

    Business Summary

    Bionano Genomics, Inc. is a life sciences instrumentation company in the genome analysis space.

    The Company develops and markets the Saphyr system.

    The Company’s products include Sequencing for Discovery Research and Cytogenetics. Cytogenetics provide a clinical diagnosis, cytogenetic tests detect known variations that are linked to specific diseases or therapeutic responses. Saphyr system is platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline the study of changes in chromosomes, which is known as cytogenetics.

    Sequencing for Discovery Research is primarily used to find single nucleotide variations responsible for disease or therapeutic response. The Company’s subsidiary, Lineagen, Inc., provides molecular diagnostics services for individuals.

    Price Performance

    Relative Valuation

    Technical Indicators

    Overall, the bias in prices is: Upwards.

    Note: this chart shows extraordinary price action to the upside.

    By the way, prices are vulnerable to a correction towards 1.38.

    The projected upper bound is: 9.13.

    The projected lower bound is: 5.54.

    The projected closing price is: 7.33.

    Candlesticks

    A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
    During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 26 white candles and 22 black candles for a net of 4 white candles.

    A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 6 rising windows in the last 50 candles–this makes the current rising window even more bullish.

    Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

    Momentum Indicators

    Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

    Stochastic Oscillator

    One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 88.8316. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 8 period(s) ago.

    Relative Strength Index (RSI)

    The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 98.63. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 5 period(s) ago.

    MACD

    The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 20 period(s) ago.

    Rex Takasugi – TD Profile

    BIONANO GENOMICS closed up 4.120 at 7.200. Volume was 1,773% above average (trending) and Bollinger Bands were 2,152% wider than normal.

    Open    High    Low    Close    Volume
    5.210   7.240   4.510  7.200    583,898,240
    Technical Outlook
    Short Term:        Overbought
    Intermediate Term: Bullish
    Long Term:         Bullish
    Moving Averages: 10-period    50-period     200-period
    Close:           1.77         0.76          0.59
    Volatility:      520          311           199
    Volume:          236,310,096  51,172,672    23,285,682

    Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

    Summary

    BIONANO GENOMICS gapped up today (bullish) on heavy volume. Possibility of a Breakaway Gap which usually signifies the beginning of a major market move. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.

    BIONANO GENOMICS is currently 1,117.2% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into BNGO.O (bullish). Our trend forecasting oscillators are currently bullish on BNGO.O and have had this outlook for the last 19 periods. Our momentum oscillator is currently indicating that BNGO.O is currently in an overbought condition.

    • TAGS
    • best forex company Heffx
    • best fx account
    • best fx company
    • daily stock brief Heffx
    • heffx
    • make money trading fx with Heffx
    • make money trading with Knightsbridge
    • make money trading with shayne heffernan
    • morning call with Heffx
    • open an account fx
    • shayne Heffernan well known Asia economist
    • trade like Shayne Heffernan
    Facebook
    Twitter
    Pinterest
    WhatsApp
      Previous articleFord Motor Company (NYSE:F) A Stock Worth Watching
      Next articleChina Telecom, China Mobile and China Unicom Rally as Expected
      S. Jack Heffernan Ph.D
      https://www.knightsbridge.law
      S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.

      RELATED ARTICLESMORE FROM AUTHOR

      2023

      ImmutableX Passport -Gaming Onboard Web3

      2023

      Metaverse Tokens See Gains Up To 150% In 2023

      Marketing
      2023

      Marketing Tactics That Can Uplift Crypto Businesses


      Live Trading News
      Your Trusted Source For All Crypto and Stocks Related News
      Contact us: [email protected]

      EVEN MORE NEWS

      Can “Dookey Dash” Revive GameFi?

      February 1, 2023

      Top Online Trading Platforms in February 2023

      February 1, 2023

      ImmutableX Passport -Gaming Onboard Web3

      February 1, 2023

      POPULAR CATEGORY

      • Headline News7523
      • Investments7158
      • Top Stories6238
      • Paul Ebeling5633
      • Shayne Heffernan4496
      • Shayne Heffernan4377
      • Stocks4112
      • About us
      • Advertise
      • Send us a tip!
      • Write a review
      • Contact us
      © LiveTradingNews
      MORE STORIES

      Xinjiang Uygur Autonomous Region Political Lies

      February 27, 2021

      President Trump ‘The People’ are in Pain, Tension is Growing, We...

      April 16, 2020

      Wall Street’s Key Stock Analysts Research Report, All Buys

      April 13, 2020
      CLOSE