- As of October 12, 2023, BCEL share’s market capitalization was $14.936 million. BCEL is now trading at the $0.3801 level.
- Atreca announces the end of the contract with Alexandria Real Estate Equities and the resignation of CFO Herb Cross.
- Let us analyze the BCEL stock price and use technical analysis to learn about the stock.
Atreca Inc. was founded in 2010 by Tito Serafini. Being a biotechnology and pharmaceutical business, Atreca is working to create breakthrough treatments based on a thorough understanding of the human immune system.
Weak fundamentals in BCEL are not good for investment opportunities. The business had a Net Loss of $97.16 million in 2022, a decrease by $12.17 million from the year before. The business made $770K in profits in 2022, a decrease by $81k from the previous year. Additionally, its Operating Loss was $97.53 million in 2022, a decrease by $11.93 million from the previous year.
The BCEL stock performance has seen substantial declines over time, with the stock falling by 98% throughout its history. Even over the last five years, BCEL’s stock has experienced a rapid fall of 207%. It had a decline rate of almost 75.32% the year before. The company is not in good financial shape especially when it is compared to the previous year.
Live Chart of the BCEL Stock
Technical Analysis of BCEL Stock
Recent trading days saw the bear run continue to rise. The red candles indicate that the price will shortly start to trend downward. From $0.9803 to $0.2095 was the price decrease over the previous 2 months. In the monthly time frame, the stock is moving down. The bull rally began on 7 August and continues till today.
Experts predict that by 18 October 2023, the stock might rise to $0.384412. This incline of 1.13% in the stock is considered to be quite significant. There may be bulls around the stock, according to the reports. Its price has changed at a rate of roughly 16.58% over the last 30 days.
This stock has displayed a clear pattern of resistance along a persistent downtrend line, reinforcing its downward trajectory since April 2021. The bearish momentum has remained a dominant feature, signified by the ongoing descent.
Notably, on March 04, 2020, in the daily time frame, the BCEL share achieved its all-time high (ATH) at approximately $29.33. However, the recent performance shows a modest 61% increase today. It suggests a brief positive streak in today’s trading sessions. Nonetheless, a broader view in the daily time frame analysis reveals continued challenges, with the share seeing a marginal rise of just $0.1441.
SMA and EMA (50,100,200)
Simple Moving Average
The SMA 100- $0.7187 (Sell)
The SMA 200- $0.9953 (Sell)
Exponential Moving Average
The EMA 100- $0.6331 (Sell)
The EMA 200- $0.9748 (Sell)
Conclusion
Based on both technical and fundamental analysis, BCEL stock appears to have weak fundamentals. It might not be a worthwhile investment for a shorter-term period. It might continue to fall for some more time until the downtrend is broken by the stock in the future.
Technical Levels
Support level- $0.9386
Resistance level- $1.73
Disclaimer
This article is generic in nature and does not contain any financial data. Inverters should pay close attention to both technical and fundamental analyses. The analysis is carried out to inform readers, and to educate them about investments. The crypto market’s hours cause all of the data to change. When readers read the article, it can alter.