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 ALDX
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High volatility in Aldeyra Therapeutics stock price on Thursday which ended trading at $3.27
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Aldeyra Therapeutics stock price gained 6.17% on the last trading day (Thursday, 28th Mar 2024), rising from $3.08 to $3.27. It has now gained 3 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 12.15% from a day low at $3.12 to a day high of $3.50. The price has risen in 6 of the last 10 days and is up by 18.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 548 thousand more shares were traded than the day before. In total, 851 thousand shares were bought and sold for approximately $2.78 million.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Aldeyra Therapeutics stock with a 90% probability to be traded between $2.70 and $4.11 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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ALDX Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 18.05%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aldeyra Therapeutics stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.35. On a fall, the stock will find some support from the short-term average at $2.98. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Aldeyra Therapeutics stock

Aldeyra Therapeutics finds support from accumulated volume at $3.23 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.379 between high and low, or 12.15%. For the last week, the stock has had daily average volatility of 6.11%.

Our recommended stop-loss: $3.13 (-4.24%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (ALDX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Aldeyra Therapeutics to open at $3.30, and during the day (based on 14 day Average True Range), to move between $3.06 and $3.48, which gives a possible trading interval of +/-$0.206 (+/-6.29%) up or down from last closing price. If Aldeyra Therapeutics takes out the full calculated possible swing range there will be an estimated 12.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.23 (1.22%) than the resistance at $3.34 (2.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aldeyra Therapeutics stock A Buy?

Aldeyra Therapeutics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.035 Hold/Accumulate Upgraded

Predicted Opening Price for Aldeyra Therapeutics of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.30 ( 0.81%) $3.27

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

Trading levels for ALDX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.68 12.40 %
R2 3.53 7.97 %
R1 3.44 5.23 %
Current price: 3.27
Support S1 3.15 -3.62 %
S2 3.06 -6.36 %
S3 2.92 -10.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.54 8.26 %
R2 3.35 2.45 %
R1 3.34 2.14 %
Current price 3.27
Support S1 3.23 -1.22%
S2 3.20 -2.14%
S3 3.04 -7.03%

FAQ

What is the symbol for Aldeyra Therapeutics Stock and on which exchange is it traded?
The symbol for Aldeyra Therapeutics is ALDX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Aldeyra Therapeutics Stock?
Aldeyra Therapeutics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Aldeyra Therapeutics Stock?
As of the end of day on the 2024-03-28, the price of an Aldeyra Therapeutics (ALDX) share was $3.27.

What is the 52-week high and low for Aldeyra Therapeutics Stock?
The 52-week high for Aldeyra Therapeutics Stock is $11.97 and the 52-week low is $1.42.

What is the market capitalization of Aldeyra Therapeutics Stock?
As of the 2024-03-28, the market capitalization of Aldeyra Therapeutics is 192.589M.

When is the next earnings date for Aldeyra Therapeutics?
The upcoming earnings date for Aldeyra Therapeutics is May 02, 2024.
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About Aldeyra Therapeutics

Aldeyra Therapeutics Aldeyra Therapeutics, Inc., a biotechnology company, develops and commercializes medicines for immune-mediated ocular and systemic diseases. The company's lead product candidate is reproxalap, a reactive aldehyde species (RASP)modulator, which is in Phase III clinical trial for the treatment of dry eye diseases and allergic conjunctivitis. It also develops ADX-629, a first-in-class orally administered RASP modulator that is Phase II clinical tria... ALDX Profile

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