BAB, Inc. 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
Evaluation of BAB, Inc. stock downgraded after the last trading session.
(Updated on May 17, 2024)
No changes to the price of BAB, Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.779 to a day high of $0.779. The price has been going up and down for this period, and there has been a 0.91% gain for the last 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.06% during the next 3 months and, with a 90% probability hold a price between $0.729 and $0.83 at the end of this 3-month period.
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BABB Signals & Forecast
The BAB, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.761 and $0.772. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 7.13% to $0.83 within 10 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for BAB, Inc. stock
BAB, Inc. finds support from accumulated volume at $0.765 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 1.04%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BABB) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect BAB, Inc. to open at $0.779, and during the day (based on 14 day Average True Range), to move between $0.763 and $0.795, which gives a possible trading interval of +/-$0.0162 (+/-2.09%) up or down from last closing price. If BAB, Inc. takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.780 (0.15%) than the support at $0.765 (1.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is BAB, Inc. stock A Buy?
BAB, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.874 Sell Candidate Downgraded
Predicted Opening Price for BAB, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.779 ( 0%) | $0.779 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BABB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.779 | . | |
| R2 | 0.779 | . | ||
| R1 | 0.779 | . | ||
| Current price: | 0.779 | |||
| Support | S1 | 0.779 | . | |
| S2 | 0.779 | . | ||
| S3 | 0.779 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.800 | 2.70 % | |
| R2 | 0.799 | 2.59 % | ||
| R1 | 0.780 | 0.154 % | ||
| Current price | 0.779 | |||
| Support | S1 | 0.765 | -1.77% | |
| S2 | 0.760 | -2.47% | ||
| S3 | 0.740 | -4.97% |
BABB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 20, 2024 | Apr 12, 2024 | $0.0100 | 1.25% |
| 2 | Dec 11, 2023 | Dec 26, 2023 | Jan 16, 2024 | $0.0100 | 1.41% |
| 3 | Sep 12, 2023 | Sep 27, 2023 | Oct 18, 2023 | $0.0100 | 1.43% |
| 4 | Jun 06, 2023 | Jun 21, 2023 | Jul 11, 2023 | $0.0100 | 1.31% |
| 5 | Mar 13, 2023 | Mar 29, 2023 | Apr 19, 2023 | $0.0100 | 1.23% |
FAQ
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