Archer Materials Limited 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
Is Archer Materials Limited stock still a buy after falling -7.72% on Friday?
(Updated on May 17, 2024)
The Archer Materials Limited stock price fell by -7.72% on the last day (Friday, 17th May 2024) from $0.285 to $0.263. During the last trading day the stock fluctuated 0% from a day low at $0.263 to a day high of $0.263. The price has fallen in 6 of the last 10 days and is down by -25.22% 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 -650 shares and in total, 350 shares were bought and sold for approximately $92.05 .
Given the current short-term trend, the stock is expected to rise 15.55% during the next 3 months and, with a 90% probability hold a price between $0.304 and $0.491 at the end of this 3-month period.
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ARRXF Signals & Forecast
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 Archer Materials Limited 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 $0.294 and $0.316. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -32.56%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Archer Materials Limited stock
Archer Materials Limited finds support from accumulated volume at $0.260 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARRXF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Archer Materials Limited to open at $0.263, and during the day (based on 14 day Average True Range), to move between $0.244 and $0.282, which gives a possible trading interval of +/-$0.0191 (+/-7.27%) up or down from last closing price. If Archer Materials Limited takes out the full calculated possible swing range there will be an estimated 14.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.260 (1.14%) than the resistance at $0.280 (6.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Archer Materials Limited stock A Buy?
The Archer Materials Limited stock holds several negative signals and despite the positive trend, we believe Archer Materials Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.040 Sell Candidate Upgraded
Predicted Opening Price for Archer Materials Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.263 ( 0%) | $0.263 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARRXF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.263 | . | |
| R2 | 0.263 | . | ||
| R1 | 0.263 | . | ||
| Current price: | 0.263 | |||
| Support | S1 | 0.263 | . | |
| S2 | 0.263 | . | ||
| S3 | 0.263 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.325 | 23.48 % | |
| R2 | 0.320 | 21.67 % | ||
| R1 | 0.280 | 6.46 % | ||
| Current price | 0.263 | |||
| Support | S1 | 0.260 | -1.14% | |
| S2 | 0.233 | -11.56% | ||
| S3 | 0.230 | -12.55% |
FAQ
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