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.
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Red day on Wednesday for Sphere 3D Corp. stock after losing 3.55%
(Updated on Mar 27, 2024)

Sell candidate since Feb 28, 2024 Loss -36.15% PDF

The Sphere 3D Corp. stock price fell by -3.55% on the last day (Wednesday, 27th Mar 2024) from $1.41 to $1.36. During the last trading day the stock fluctuated 9.84% from a day low at $1.32 to a day high of $1.45. The price has fallen in 7 of the last 10 days and is down by -15.53% for this period. Volume has increased on the last day by 99 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 422 thousand shares were bought and sold for approximately $574.06 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 -39.86% during the next 3 months and, with a 90% probability hold a price between $0.459 and $1.16 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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ANY Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sphere 3D Corp. 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 $1.42 and $1.89. A break-up above any of these levels will issue buy signals. Sphere 3D Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Sphere 3D Corp. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.130 between high and low, or 9.84%. For the last week, the stock has had daily average volatility of 8.00%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Thursday, 28th we expect Sphere 3D Corp. to open at $1.38, and during the day (based on 14 day Average True Range), to move between $1.18 and $1.54, which gives a possible trading interval of +/-$0.184 (+/-13.55%) up or down from last closing price. If Sphere 3D Corp. takes out the full calculated possible swing range there will be an estimated 27.10% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $1.38, some $0.0200 (1.47%) from the current price of $1.36, our system finds the risk reward not very attractive.

Is Sphere 3D Corp. stock A Buy?

Sphere 3D Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.949 Sell Candidate Unchanged

Predicted Opening Price for Sphere 3D Corp. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.38 ( 1.22%) $1.36

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

Trading levels for ANY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.51 10.77 %
R2 1.46 7.13 %
R1 1.43 4.87 %
Current price: 1.36
Support S1 1.33 -2.43 %
S2 1.30 -4.68 %
S3 1.25 -8.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.47 8.09 %
R2 1.45 6.62 %
R1 1.38 1.47 %
Current price 1.36
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Sphere 3D Corp. Stock and on which exchange is it traded?
The symbol for Sphere 3D Corp. is ANY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sphere 3D Corp. Stock?
Sphere 3D Corp. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Sphere 3D Corp. Stock?
Sphere 3D Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sphere 3D Corp. Stock.

What's the current price of Sphere 3D Corp. Stock?
As of the end of day on the 2024-03-27, the price of an Sphere 3D Corp. (ANY) share was $1.36.

What is the 52-week high and low for Sphere 3D Corp. Stock?
The 52-week high for Sphere 3D Corp. Stock is $4.09 and the 52-week low is $0.274.

What is the market capitalization of Sphere 3D Corp. Stock?
As of the 2024-03-27, the market capitalization of Sphere 3D Corp. is 25.093M.

When is the next earnings date for Sphere 3D Corp.?
The upcoming earnings date for Sphere 3D Corp. is May 09, 2024.
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About Sphere 3D Corp.

Sphere 3D . Sphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company. It also provides data management solutions through hybrid cloud, cloud, and on-premises implementations directly and through its reseller network and professional services organization. Its products portfolio includes HVE-STACK high density server, which provides computer and storage appliance for the data centers; HVE-VELOCITY, a high availability dual enclosure sto... ANY Profile

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