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BioNTech share: watch out, the trend will soon be decided! – chart analysis

For the BioNTech share, the sideways movement of the past few days just above the upward trends has not so far resolved. Yesterday, the biotech stock, which recently made headlines against the causative agent of the currently raging corona pandemic due to a vaccine development program, fluctuated between $ 49.70 and $ 51.86, the closing price on the US stock exchange NASDAQ was at 50.00 Dollar down 2.27 percent.

So nothing exciting in terms of development, but at the same time it means that the chart position of BioNTech shares remains exciting. The upward trend of the very volatile title, which has not been listed for too long, obviously means an advantage for the bulls, but the decision about the direction of the next impulse has yet to be made. In addition, news from BioNTech’s research programs will have a tremendous impact on the share price, making the Biotech share speculative.

Closely related chart technical signal marks for the BioNTech share

Technically, the most recent scenarios remain. Just below the last daily lows of the BioNTech share, quoted between $ 49.54 and $ 50.10, there are well-known support brands for the biotech share. We have already reported that chart-technical signal zones between $ 43.00 / 43.66 and $ 44.80 / 46.30 have repeatedly played a trend-determining role in the price development of the “Corona share” in recent weeks. Between $ 41 and $ 37, there are other strong support marks on the BioNTech share chart. The potential upward trend of BioNTech’s share price mentioned above is currently also running between this thicket of supports.

On the upside, a break above yesterday’s daily high at $ 51.86 / 53.21 (the high for BioNTech shares from the last three trading days) could ensure that new chart-technical buy signals are generated after the recent price losses. A smaller hurdle is around $ 54.20 before the hurdle zone that has recently become too high comes to the fore again at the $ 58 mark. This ranges from $ 59.98 / 60.43 to $ 64.45, the daily high of March 30th. A breakout would be a clear chart rally signal for the biotech share.

Important technical chart data for the BioNTech share:

Last share price: $ 94.45 (Exchange: NASDAQ)
Charting trends:
After the “Corona Rally” of BioNTech shares in March from $ 28 to $ 105 within a few days, things have calmed down recently. A potential upward trend with just a few more support points is still intact and, together with various support brands, brings current support for the BioNTech share. On the other hand, there are high hurdles around $ 58.00 / $ 64.45.

Bollinger Bands 20 (below / above): $ 45.21 / $ 55.99
EMA 20: $ 50.60
EMA 50: $ 48.08
EMA 200:

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