Astera Labs, Inc. Stock Forecast
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:
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
Green day on Tuesday for Astera Labs, Inc.
(Updated on May 14, 2024)
The Astera Labs, Inc. stock price gained 2.93% on the last trading day (Tuesday, 14th May 2024), rising from $70.26 to $72.32. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.81% from a day low at $68.88 to a day high of $72.88. The price has risen in 6 of the last 10 days but is still down by -14.68% for this period. Volume fell on the last day by -316 thousand shares and in total, 2 million shares were bought and sold for approximately $116.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.40% during the next 3 months and, with a 90% probability hold a price between $68.02 and $90.64 at the end of this 3-month period.
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ALAB Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 4.42%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Astera Labs, Inc. 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 $72.33 and $73.61. 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).
Support, Risk & Stop-loss for Astera Labs, Inc. stock
Astera Labs, Inc. finds support from accumulated volume at $69.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.00 between high and low, or 5.81%. For the last week, the stock has had daily average volatility of 7.53%.
Our recommended stop-loss: $69.38 (-4.07%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ALAB) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Astera Labs, Inc. to open at $71.36, and during the day (based on 14 day Average True Range), to move between $65.61 and $79.03, which gives a possible trading interval of +/-$6.71 (+/-9.28%) up or down from last closing price. If Astera Labs, Inc. takes out the full calculated possible swing range there will be an estimated 18.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $74.83 (3.47%) than the support at $69.26 (4.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Astera Labs, Inc. stock A Buy?
Astera Labs, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.712 Hold/Accumulate Unchanged
Predicted Opening Price for Astera Labs, Inc. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $71.36 ( 1.33%) | $72.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALAB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.36 | 4.20 % | |
| R2 | 73.83 | 2.09 % | ||
| R1 | 72.89 | 0.785 % | ||
| Current price: | 72.32 | |||
| Support | S1 | 69.83 | -3.44 % | |
| S2 | 68.89 | -4.75 % | ||
| S3 | 67.36 | -6.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.00 | 17.53 % | |
| R2 | 83.38 | 15.29 % | ||
| R1 | 74.83 | 3.47 % | ||
| Current price | 72.32 | |||
| Support | S1 | 69.26 | -4.23% | |
| S2 | 64.15 | -11.30% | ||
| S3 | 62.03 | -14.23% |
FAQ
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