BioNTech SE’s stock price (BNTX) skidded in latest intraday trading, amid the dominance of the downward secondary in the short term, as the price failed to shake off negative pressure from the 50-day SMA, giving in to pressure, amid negative signals from the Stochastic after reaching overbought levels. 

 

Therefore we expect more losses for the price, targeting the first support at $89.77, provided the resistance of $101.90 holds on.

 

Today’s price forecast: Bearish