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 APTO
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Volatile ride for Aptose Biosciences stock price on Thursday moving between $1.50 and $1.70
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Aptose Biosciences stock price gained 10.67% on the last trading day (Thursday, 28th Mar 2024), rising from $1.50 to $1.66. During the last trading day the stock fluctuated 13.33% from a day low at $1.50 to a day high of $1.70. The price has risen in 5 of the last 10 days and is up by 18.57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 thousand more shares were traded than the day before. In total, 136 thousand shares were bought and sold for approximately $225.52 thousand.

Given the current short-term trend, the stock is expected to fall -34.97% during the next 3 months and, with a 90% probability hold a price between $0.82 and $1.08 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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APTO Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 18.57%. 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). Aptose Biosciences 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aptose Biosciences 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 $1.73. On a fall, the stock will find some support from the short-term average at $1.56. 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.

Support, Risk & Stop-loss for Aptose Biosciences stock

Aptose Biosciences finds support from accumulated volume at $1.63 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.200 between high and low, or 13.33%. For the last week, the stock has had daily average volatility of 8.58%.

Our recommended stop-loss: $1.59 (-3.96%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (APTO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Aptose Biosciences to open at $1.62, and during the day (based on 14 day Average True Range), to move between $1.53 and $1.79, which gives a possible trading interval of +/-$0.134 (+/-8.06%) up or down from last closing price. If Aptose Biosciences takes out the full calculated possible swing range there will be an estimated 16.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.63 (1.81%) than the resistance at $1.90 (14.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aptose Biosciences stock A Buy?

Aptose Biosciences holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.805 Hold/Accumulate Upgraded

Predicted Opening Price for Aptose Biosciences of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.62 ( 2.41%) $1.66

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

Trading levels for APTO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.82 9.64 %
R2 1.74 5.04 %
R1 1.70 2.19 %
Current price: 1.66
Support S1 1.54 -7.01 %
S2 1.50 -9.86 %
S3 1.42 -14.46 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.98 19.28 %
R2 1.95 17.47 %
R1 1.90 14.46 %
Current price 1.66
Support S1 1.63 -1.81%
S2 1.52 -8.43%
S3 1.50 -9.64%

FAQ

What is the symbol for Aptose Biosciences Stock and on which exchange is it traded?
The symbol for Aptose Biosciences is APTO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Aptose Biosciences Stock?
Aptose Biosciences holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Aptose Biosciences Stock?
As of the end of day on the 2024-03-28, the price of an Aptose Biosciences (APTO) share was $1.66.

What is the 52-week high and low for Aptose Biosciences Stock?
The 52-week high for Aptose Biosciences Stock is $6.60 and the 52-week low is $0.360.

What is the market capitalization of Aptose Biosciences Stock?
As of the 2024-03-28, the market capitalization of Aptose Biosciences is 23.56M.

When is the next earnings date for Aptose Biosciences?
The upcoming earnings date for Aptose Biosciences is May 13, 2024.
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About Aptose Biosciences

Aptose Biosciences Aptose Biosciences Inc., a clinical-stage biotechnology company, discovers and develops personalized therapies addressing unmet medical needs in oncology primarily in the United States. Its clinical programs include APTO-253, which is in Phase 1a/b clinical trial for the treatment of patients with relapsed or refractory blood cancers, including acute myeloid leukemia (AML) and high-risk myelodysplastic syndrome (HR MDS); and HM43239 that is in Ph... APTO Profile

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