EN
Takip Edin: @UscMarketsBMRN Stock Forecast & BioMarin Pharmaceutical Chart Analysis
This article provides a detailed analysis of BMRN-BioMarin Pharmaceutical Inc. stock including a forecast for BMRN shares. It features BioMarin Pharmaceutical Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
BMRN Historical Data Review
BMRN Current Price Performance Analysis
The BioMarin Pharmaceutical - BMRN stock traded on the American stock market, on 06-05-2024, closed at 79.67$ with a %0.73 increased compared to the previous day.
In the last month, the price of BMRN changed by %-2.96 decreased in value, from 82.1 dollars on 05-06-2024 to 79.67 dollars, decreased.
Last year, the price of BMRN was 92.01 dollars on 06-06-2023, and changed by %-13.41 decreased in value, to 79.67 dollars decreased within a year.
The price of BioMarin Pharmaceutical stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
BMRN with AI Stock Forecast & Price Target
On the BMRN chart BioMarin Pharmaceutical price was recorded as 79.67 Dollars on 06/05/2024.
The artificial intelligence's forecast on BMRN stock is as follows.
The artificial intelligence's prediction error margin for BMRN stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for BioMarin Pharmaceutical stock over the next 4 months is: 87.9 Dollars.
The commentary on BMRN stock Target Price: Highest: 99.552 Dollars is predicted.
The commentary on BMRN stock Target Price: Lowest: 80.881 Dollars is predicted.
Resistance Price where BioMarin Pharmaceutical stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-05-2024 | 91.962 |
| 11-22-2024 | 99.552 |
| 02-10-2025 | 83.470 |
| 03-27-2025 | 83.563 |
Support Price where BioMarin Pharmaceutical stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 82.873 |
| 01-16-2025 | 80.881 |
| 02-25-2025 | 82.999 |
| 04-01-2025 | 83.561 |
The commentary on BMRN stock: The target price can generally be said to be on the rise.
The commentary on BMRN stock: Fluctuations in the target price can be expected in the coming days.
The target price for BioMarin Pharmaceutical stock by the end of 2024 is predicted to be 83.458 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on BMRN stock, and the 2024 target price predictions for BioMarin Pharmaceutical are detailed above.
The technical analysis and charts for the commentary on BMRN stock are below.
BMRN Support & Resistance and Trend Analysis
BMRN stock you have reviewed the technical analysis support resistance charts regarding.
BMRN : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the BMRN review, the BioMarin Pharmaceutical support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
BioMarin Pharmaceutical Support and Resistance Prices:
| BMRN Support Level Price | BMRN Resistance Level Price |
|---|---|
| 73.68 | 85.04 |
| 76.02 | 88.20 |
| 76.14 | 91.59 |
| 76.52 | 93.26 |
| 83.44 | 93.36 |
| 85.60 | 94.15 |
| 85.62 | 98.99 |
| 92.52 | 99.25 |
| 99.56 |
BMRN Technical Analysis: SMA, RSI, MACD
Upon reviewing the BMRN chart, buy and sell signals have been generated in the BioMarin Pharmaceutical technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for BMRN stock are as follows:- BMRN technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for BioMarin Pharmaceutical gave a 'Buy' signal when the RSI was at 22.529, with the current RSI value at 47.417.
- The technical analysis for BMRN indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for BioMarin Pharmaceutical issued a 'Buy' signal when the MACD was at -2.515, with the current MACD value being: -1.744
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for BioMarin Pharmaceutical stock: Click here to read more predictions on China Overseas Land stock.
Click here for price target predictions and technical analysis charts of other American stocks