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)
Bottlenecks in bandwidth indicates a upcoming change. Break up through the moving average line, or continuously movements above the moving average line indicates a break up, and vice versa downwards.
Astec Industries stock price down 0.98% on Friday
(Updated on Jan 21, 2022)
Sell candidate since 2022-01-19 Loss -4.95% PDF
The Astec Industries stock price fell by -0.98% on the last day (Friday, 21st Jan 2022) from $65.14 to $64.50. and has now fallen 5 days in a row. During the day the stock fluctuated 3.88% from a day low at $64.00 to a day high of $66.48. The price has fallen in 7 of the last 10 days and is down by -9.99% for this period. Volume has increased on the last day by 37 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, 95 thousand shares were bought and sold for approximately $6.13 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $62.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.62% during the next 3 months and, with a 90% probability hold a price between $72.15 and $96.88 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The Astec Industries 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 $68.59 and $68.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -13.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
Astec Industries finds support from accumulated volume at $61.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.48 (3.88%) between high and low. For the last week, the stock has had a daily average volatility of 3.64%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Astec Industries stock A Buy?
The Astec Industries stock holds several negative signals and despite the positive trend, we believe Astec Industries will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.184Sell Candidate Unchanged
Insiders are very positive buying more shares than they are selling in Astec Industries
In the last 100 trades there were 78.59 thousand shares bought and 17.31 thousand shares sold. The last trade was done 12 days ago by Pasricha Anshu who bough 134.85 shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.
Predicted Opening Price for Astec Industries of Monday, January 24, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price January 24, 2022||Current price|
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On Nov 08, 2021 "Sidoti" gave "$65.00 - $82.00" rating for ASTE. The price target was set to $69.26+6.9%.
ASTE Insider Trading
|Jan 10, 2022||Buy||135||Pasricha Anshu||Phantom Stock|
|Jan 10, 2022||Buy||44||Merwe Jaco Van Der||Phantom Stock|
|Dec 04, 2021||Sell||2||Weyenberg Rebecca A||Phantom Stock|
|Dec 04, 2021||Sell||701||Weyenberg Rebecca A||Common Stock|
|Dec 02, 2021||Buy||12||Weyenberg Rebecca A||Common Stock|
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