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 AXDX
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High volatility in Accelerate Diagnostics stock price on Wednesday which ended trading at $1.01
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Accelerate Diagnostics stock price gained 5.18% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.96 to $1.01. During the last trading day the stock fluctuated 13.44% from a day low at $0.96 to a day high of $1.09. The price has been going up and down for this period, and there has been a -6.48% loss for the last 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 87 thousand shares were bought and sold for approximately $87.41 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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AXDX Signals & Forecast

There are mixed signals in the stock today. The Accelerate Diagnostics 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 $1.06. On a fall, the stock will find some support from the short-term average at $0.99. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, February 27, 2024, and so far it has risen 10.99%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Accelerate Diagnostics stock

Accelerate Diagnostics finds support from accumulated volume at $0.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.129 between high and low, or 13.44%. For the last week the stock has had daily average volatility of 7.85%.

Our recommended stop-loss: $0.96 (-5.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Accelerate Diagnostics to open at $1.02, and during the day (based on 14 day Average True Range), to move between $0.91 and $1.11, which gives a possible trading interval of +/-$0.103 (+/-10.23%) up or down from last closing price. If Accelerate Diagnostics takes out the full calculated possible swing range there will be an estimated 20.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.97 (3.96%) than the resistance at $1.21 (19.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Accelerate Diagnostics stock A Buy?

Accelerate Diagnostics 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: -0.261 Hold/Accumulate Upgraded

Predicted Opening Price for Accelerate Diagnostics of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.02 ( 1.01%) $1.01

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

Trading levels for AXDX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.15 13.80 %
R2 1.10 8.91 %
R1 1.07 5.90 %
Current price: 1.01
Support S1 0.97 -3.87 %
S2 0.94 -6.89 %
S3 0.89 -11.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.25 23.76 %
R2 1.23 21.78 %
R1 1.21 19.80 %
Current price 1.01
Support S1 0.97 -3.96%
S2 0.96 -4.92%
S3 0.95 -5.94%

FAQ

What is the symbol for Accelerate Diagnostics Stock and on which exchange is it traded?
The symbol for Accelerate Diagnostics is AXDX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Accelerate Diagnostics Stock?
Accelerate Diagnostics 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 Accelerate Diagnostics Stock?
Accelerate Diagnostics Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Accelerate Diagnostics Stock.

What's the current price of Accelerate Diagnostics Stock?
As of the end of day on the 2024-03-27, the price of an Accelerate Diagnostics (AXDX) share was $1.01.

What is the 52-week high and low for Accelerate Diagnostics Stock?
The 52-week high for Accelerate Diagnostics Stock is $8.57 and the 52-week low is $0.480.

What is the market capitalization of Accelerate Diagnostics Stock?
As of the 2024-03-27, the market capitalization of Accelerate Diagnostics is 20.474M.

When is the next earnings date for Accelerate Diagnostics?
The upcoming earnings date for Accelerate Diagnostics is Mar 28, 2024.
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About Accelerate Diagnostics

Accelerate Diagnostics, Inc., an in vitro diagnostics company, provides solutions for the diagnosis of serious infections in the United States, Europe, and the Middle East. The company offers Accelerate Pheno system, an in vitro diagnostic platform for the identification and antibiotic susceptibility testing of pathogens associated with serious or health care-associated infections, including gram-positive and gram-negative organisms. It also prov... AXDX Profile

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