Alzamend Neuro, 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
Volatile ride for Alzamend Neuro, Inc. stock price on Friday moving between $0.502 and $0.572
(Updated on May 10, 2024)
The Alzamend Neuro, Inc. stock price fell by -7.93% on the last day (Friday, 10th May 2024) from $0.590 to $0.543. During the last trading day the stock fluctuated 14.07% from a day low at $0.502 to a day high of $0.572. The price has fallen in 6 of the last 10 days and is down by -24.5% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -338 thousand shares and in total, 53 thousand shares were bought and sold for approximately $28.80 thousand.
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 $0.516 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.24% during the next 3 months and, with a 90% probability hold a price between $0.370 and $0.677 at the end of this 3-month period.
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ALZN Signals & Forecast
There are mixed signals in the stock today. The Alzamend Neuro, 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 $0.627 and $0.789. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 2.88%. 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).
Support, Risk & Stop-loss for Alzamend Neuro, Inc. stock
Alzamend Neuro, Inc. finds support from accumulated volume at $0.528 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0706 between high and low, or 14.07%. For the last week the stock has had daily average volatility of 23.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALZN) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Alzamend Neuro, Inc. to open at $0.539, and during the day (based on 14 day Average True Range), to move between $0.468 and $0.618, which gives a possible trading interval of +/-$0.0751 (+/-13.83%) up or down from last closing price. If Alzamend Neuro, Inc. takes out the full calculated possible swing range there will be an estimated 27.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.528 (2.80%) than the resistance at $0.563 (3.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alzamend Neuro, Inc. stock A Buy?
Alzamend Neuro, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.547 Sell Candidate Unchanged
Predicted Opening Price for Alzamend Neuro, Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.539 ( 0.761%) | $0.543 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALZN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.610 | 12.24 % | |
| R2 | 0.583 | 7.27 % | ||
| R1 | 0.566 | 4.20 % | ||
| Current price: | 0.543 | |||
| Support | S1 | 0.512 | -5.73 % | |
| S2 | 0.495 | -8.79 % | ||
| S3 | 0.468 | -13.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.676 | 24.36 % | |
| R2 | 0.590 | 8.62 % | ||
| R1 | 0.563 | 3.63 % | ||
| Current price | 0.543 | |||
| Support | S1 | 0.528 | -2.80% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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