Alkami Technology, 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
Big movements in Alkami Technology, Inc. stock price on Thursday moving 12.47% between high and low
(Updated on May 02, 2024)
The Alkami Technology, Inc. stock price gained 9.39% on the last trading day (Thursday, 2nd May 2024), rising from $24.40 to $26.69. During the last trading day the stock fluctuated 12.47% from a day low at $24.77 to a day high of $27.86. The price has been going up and down for this period, and there has been a 11.02% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 517 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $27.16 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $25.15, a level that may pose a second chance to hit a runner. According to fan-theory $27.98 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ALKT Signals & Forecast
Mostly positive signals in the chart today. The Alkami Technology, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.60 and $23.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 15.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Alkami Technology, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $24.95 and $24.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Alkami Technology, Inc. finds support just below today's level at $24.95. If this is broken, then the next support from accumulated volume will be at $24.80 and $23.35.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.09 between high and low, or 12.47%. For the last week the stock has had daily average volatility of 5.13%.
Our recommended stop-loss: $25.76 (-3.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (ALKT) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Alkami Technology, Inc. to open at $26.44, and during the day (based on 14 day Average True Range), to move between $25.78 and $27.60, which gives a possible trading interval of +/-$0.91 (+/-3.42%) up or down from last closing price. If Alkami Technology, Inc. takes out the full calculated possible swing range there will be an estimated 6.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $24.95, some $1.74 (6.52%) from the current price of $26.69, our system finds the risk reward attractive.
Is Alkami Technology, Inc. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 4.214 Buy Candidate Unchanged
Predicted Opening Price for Alkami Technology, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $26.44 ( 0.94%) | $26.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALKT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.53 | 10.64 % | |
| R2 | 28.35 | 6.22 % | ||
| R1 | 27.62 | 3.49 % | ||
| Current price: | 26.69 | |||
| Support | S1 | 25.26 | -5.36 % | |
| S2 | 24.53 | -8.09 % | ||
| S3 | 23.35 | -12.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 26.69 | |||
| Support | S1 | 24.95 | -6.52% | |
| S2 | 24.80 | -7.08% | ||
| S3 | 23.35 | -12.51% |
FAQ
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