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Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 3DP.AX
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Pointerra Limited stock upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on Jun 20, 2024)

Sell candidate since May 31, 2024 Loss -18.92% PDF

No changes to the price of Pointerra Limited stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0300 to a day high of $0.0300. The price has fallen in 6 of the last 10 days and is down by -23.08% for this period.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0296 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.57% during the next 3 months and, with a 90% probability hold a price between $0.0229 and $0.0305 at the end of this 3-month period.

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3DP.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pointerra Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0320 and $0.0365. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Pointerra Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.83%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (3DP.AX) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Pointerra Limited to open at $0.0300, and during the day (based on 14 day Average True Range), to move between $0.0283 and $0.0317, which gives a possible trading interval of +/-$0.0017 (+/-5.75%) up or down from last closing price. If Pointerra Limited takes out the full calculated possible swing range there will be an estimated 11.50% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $0.0330, some $0.0030 (10.00%) from the current price of $0.0300, our system finds the risk reward not very attractive.

Is Pointerra Limited stock A Buy?

Pointerra Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.302 Sell Candidate Upgraded

Predicted Opening Price for Pointerra Limited of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$0.0300 ( 0%) $0.0300

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 3DP.AX

Fibonacci Support & Resistance Levels

Level Price
R3 0.0300 -
R2 0.0300 -
R1 0.0300 -
Price 0.0300
S1 0.0300 -
S2 0.0300 -
S3 0.0300 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.0370 23.33%
R2 0.0360 20.00%
R1 0.0330 10.00%
Price 0.0300
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Pointerra Limited Stock and on which exchange is it traded?
The symbol for Pointerra Limited is 3DP.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Pointerra Limited Stock?
Pointerra Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Pointerra Limited Stock?
Pointerra Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pointerra Limited Stock.

What's the current price of Pointerra Limited Stock?
As of the end of day on the Jun 20, 2024, the price of an Pointerra Limited (3DP.AX) share was $0.0300.

What is the 52-week high and low for Pointerra Limited Stock?
The 52-week high for Pointerra Limited Stock is $0.255 and the 52-week low is $0.0300.

What is the market capitalization of Pointerra Limited Stock?
As of the Jun 20, 2024, the market capitalization of Pointerra Limited is 24.152M.

When is the next earnings date for Pointerra Limited?
The upcoming earnings date for Pointerra Limited is Jul 29, 2024.
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About Pointerra Limited

Pointerra Limited Pointerra Limited provides a cloud-based solution for managing, visualizing, working in, analyzing, and sharing 3D datasets in the Australasian and North American regions. Its solution supports digital asset management activities in various sectors, including civil infrastructure, mining, oil and gas, architecture, and engineering and construction, as well as for government agencies. Pointerra Limited is based in Subiaco, Australia.... 3DP.AX Profile

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