AMERICAN MANGANESE 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 AMERICAN MANGANESE stock price on Friday moving 12.05% between high and low
(Updated on Apr 26, 2024)
The AMERICAN MANGANESE stock price gained 4.13% on the last trading day (Friday, 26th Apr 2024), rising from $0.114 to $0.119. During the last trading day the stock fluctuated 12.05% from a day low at $0.106 to a day high of $0.119. The price has been going up and down for this period, and there has been a -0.4% loss 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, 181 thousand more shares were traded than the day before. In total, 213 thousand shares were bought and sold for approximately $25.27 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.89% during the next 3 months and, with a 90% probability hold a price between $0.0583 and $0.115 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AMYZF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). AMERICAN MANGANESE has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AMERICAN MANGANESE 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 $0.121. On a fall, the stock will find some support from the short-term average at $0.112. 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. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -28.12%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AMERICAN MANGANESE stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.111 and $0.111. 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, AMERICAN MANGANESE finds support just below today's level at $0.111. If this is broken, then the next support from accumulated volume will be at $0.111 and $0.0963.
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 $0.0128 between high and low, or 12.05%. For the last week, the stock has had daily average volatility of 10.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMYZF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect AMERICAN MANGANESE to open at $0.115, and during the day (based on 14 day Average True Range), to move between $0.108 and $0.129, which gives a possible trading interval of +/-$0.0105 (+/-8.84%) up or down from last closing price. If AMERICAN MANGANESE takes out the full calculated possible swing range there will be an estimated 17.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.119 (0.42%) than the support at $0.111 (6.16%), 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 AMERICAN MANGANESE stock A Buy?
AMERICAN MANGANESE 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: -2.626 Sell Candidate Unchanged
Predicted Opening Price for AMERICAN MANGANESE of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.115 ( 3.37%) | $0.119 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMYZF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.127 | 7.42 % | |
| R2 | 0.123 | 3.30 % | ||
| R1 | 0.119 | 0.750 % | ||
| Current price: | 0.119 | |||
| Support | S1 | 0.110 | -7.50 % | |
| S2 | 0.107 | -10.04 % | ||
| S3 | 0.102 | -14.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.133 | 12.14 % | |
| R2 | 0.133 | 12.06 % | ||
| R1 | 0.119 | 0.422 % | ||
| Current price | 0.119 | |||
| Support | S1 | 0.111 | -6.16% | |
| S2 | 0.111 | -6.37% | ||
| S3 | 0.0963 | -18.80% |
FAQ
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