BioLine RX (Israel) Price on August 24, 2023

BLRX Stock  ILS 7.10  0.40  5.33%   
If you're considering investing in BioLine Stock, it is important to understand the factors that can impact its price. As of today, the current price of BioLine RX stands at 7.10, as last reported on the 11th of December 2024, with the highest price reaching 7.50 and the lowest price hitting 7.00 during the day. BioLine RX secures Sharpe Ratio (or Efficiency) of -0.27, which signifies that the company had a -0.27% return per unit of risk over the last 3 months. BioLine RX exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BioLine RX's Risk Adjusted Performance of (0.12), mean deviation of 3.26, and Standard Deviation of 5.57 to double-check the risk estimate we provide.
  
BioLine Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2723

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Estimated Market Risk

 6.26
  actual daily
55
55% of assets are less volatile

Expected Return

 -1.7
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.27
  actual daily
0
Most of other assets perform better
Based on monthly moving average BioLine RX is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BioLine RX by adding BioLine RX to a well-diversified portfolio.

BioLine RX Valuation on August 24, 2023

It is possible to determine the worth of BioLine RX on a given historical date. On August 24, 2023 BioLine was worth 32.1 at the beginning of the trading date compared to the closed value of 32.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BioLine RX stock. Still, in general, we apply an absolute valuation method to find BioLine RX's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of BioLine RX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BioLine RX's related companies.
 Open High Low Close Volume
  33.50    34.20    32.30    32.60    954,630  
08/24/2023
  32.10    33.20    32.10    32.40    151,544  
  32.90    33.90    31.20    33.10    679,437  
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Open Value
32.1
32.4
Closing Value
50.87
Upside

BioLine RX Trading Date Momentum on August 24, 2023

On August 28 2023 BioLine RX was traded for  33.10  at the closing time. The highest price during the trading period was 33.90  and the lowest recorded bid was listed for  31.20 . The volume for the day was 679.4 K. This history from August 28, 2023 contributed to the next trading day price jump. The overall trading delta to the next closing price was 2.16% . The overall trading delta to the current price is 45.68% .

BioLine RX Fundamentals Correlations and Trends

By evaluating BioLine RX's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among BioLine RX's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. BioLine financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About BioLine RX Stock history

BioLine RX investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for BioLine is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BioLine RX will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing BioLine RX stock prices may prove useful in developing a viable investing in BioLine RX
BioLineRx Ltd., a clinical stage biopharmaceutical development company, focuses on oncology and immunology. BioLineRx Ltd. was founded in 2003 and is based in Modiin, Israel. BIOLINE RX operates under Biotechnology classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 48 people.

BioLine RX Stock Technical Analysis

BioLine RX technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of BioLine RX technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of BioLine RX trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

BioLine RX Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

BioLine RX cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

BioLine RX December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how BioLine RX stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BioLine RX shares will generate the highest return on investment. By undertsting and applying BioLine RX stock market strength indicators, traders can identify BioLine RX entry and exit signals to maximize returns

BioLine RX Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for BioLine RX's price direction in advance. Along with the technical and fundamental analysis of BioLine Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of BioLine to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for BioLine Stock analysis

When running BioLine RX's price analysis, check to measure BioLine RX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BioLine RX is operating at the current time. Most of BioLine RX's value examination focuses on studying past and present price action to predict the probability of BioLine RX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioLine RX's price. Additionally, you may evaluate how the addition of BioLine RX to your portfolios can decrease your overall portfolio volatility.
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