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 ALLT
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Allot Communications Ltd. stock price up 0.93% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 22, 2024 Gain 28.40% PDF

The Allot Communications Ltd. stock price gained 0.93% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.15 to $2.17. During the last trading day the stock fluctuated 6.16% from a day low at $2.11 to a day high of $2.24. The price has fallen in 5 of the last 10 days and is down by -3.56% for this period. Volume fell on the last day by -54 thousand shares and in total, 22 thousand shares were bought and sold for approximately $47.12 thousand. 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 wide and strong 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 47.19% during the next 3 months and, with a 90% probability hold a price between $3.11 and $3.49 at the end of this 3-month period.

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ALLT Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -3.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Allot Communications Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.19. On a fall, the stock will find some support from the long-term average at approximately $2.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Allot Communications Ltd. stock

Allot Communications Ltd. finds support from accumulated volume at $2.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.130 between high and low, or 6.16%. For the last week the stock has had daily average volatility of 5.45%.

Our recommended stop-loss: $2.08 (-4.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (ALLT) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Allot Communications Ltd. to open at $2.17, and during the day (based on 14 day Average True Range), to move between $2.03 and $2.31, which gives a possible trading interval of +/-$0.137 (+/-6.32%) up or down from last closing price. If Allot Communications Ltd. takes out the full calculated possible swing range there will be an estimated 12.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.20 (1.38%) than the support at $2.08 (4.15%), 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 Allot Communications Ltd. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.485 Buy Candidate Unchanged

Predicted Opening Price for Allot Communications Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.17 ( 0.154%) $2.17

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

Trading levels for ALLT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.30 6.14 %
R2 2.25 3.86 %
R1 2.22 2.44 %
Current price: 2.17
Support S1 2.12 -2.13 %
S2 2.09 -3.55 %
S3 2.04 -5.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.24 3.23 %
R2 2.23 2.76 %
R1 2.20 1.38 %
Current price 2.17
Support S1 2.08 -4.15%
S2 1.98 -8.76%
S3 1.90 -12.44%

FAQ

What is the symbol for Allot Communications Ltd. Stock and on which exchange is it traded?
The symbol for Allot Communications Ltd. is ALLT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Allot Communications Ltd. Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

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

What's the current price of Allot Communications Ltd. Stock?
As of the end of day on the 2024-03-27, the price of an Allot Communications Ltd. (ALLT) share was $2.17.

What is the 52-week high and low for Allot Communications Ltd. Stock?
The 52-week high for Allot Communications Ltd. Stock is $3.34 and the 52-week low is $1.19.

What is the market capitalization of Allot Communications Ltd. Stock?
As of the 2024-03-27, the market capitalization of Allot Communications Ltd. is 83.016M.

When is the next earnings date for Allot Communications Ltd.?
The upcoming earnings date for Allot Communications Ltd. is May 21, 2024.
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About Allot Communications Ltd.

Allot Communications Ltd. Allot Ltd. provides network intelligence and security solutions to protect and personalize the digital experience in Europe, Asia, Oceania, the Middle East, Africa, and the Americas. The company offers Allot Secure Management platform that includes Allot NetworkSecure, Allot HomeSecure, Allot DNSecure, EndPoint Secure, Allot BusinessSecure, Allot IoTSecure, and Allot Secure Cloud. It also provides Allot DDoS Secure/5G Protect, a solution that off... ALLT Profile

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