Bandwidth Inc. Class A 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
Bandwidth Inc. Class A stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The Bandwidth Inc. Class A stock price gained 3.02% on the last trading day (Wednesday, 1st May 2024), rising from $18.20 to $18.75. During the last trading day the stock fluctuated 7.83% from a day low at $18.01 to a day high of $19.42. The price has risen in 7 of the last 10 days and is up by 9.27% 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, 185 thousand more shares were traded than the day before. In total, 354 thousand shares were bought and sold for approximately $6.63 million.
The stock lies in the middle of a very wide and strong 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 22.33% during the next 3 months and, with a 90% probability hold a price between $18.62 and $28.95 at the end of this 3-month period.
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BAND Signals & Forecast
The Bandwidth Inc. Class A stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $18.24 and $18.03. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, March 01, 2024, and so far it has fallen -9.38%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bandwidth Inc. Class A stock
Bandwidth Inc. Class A finds support from accumulated volume at $18.44 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 $1.41 (7.83%) between high and low. For the last week, the stock has had daily average volatility of 4.08%.
Our recommended stop-loss: $17.67 (-5.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (BAND) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Bandwidth Inc. Class A to open at $18.73, and during the day (based on 14 day Average True Range), to move between $17.97 and $19.53, which gives a possible trading interval of +/-$0.783 (+/-4.17%) up or down from last closing price. If Bandwidth Inc. Class A takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.44 (1.65%) than the resistance at $19.25 (2.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Bandwidth Inc. Class A will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.210. We will update the financials statements for Bandwidth Inc. Class A, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.40% in the first trading day after earnings release.
Is Bandwidth Inc. Class A stock A Buy?
Bandwidth Inc. Class A holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.791 Strong Buy Candidate Upgraded
Predicted Opening Price for Bandwidth Inc. Class A of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $18.73 ( 0.124%) | $18.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAND
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.14 | 7.40 % | |
| R2 | 19.60 | 4.52 % | ||
| R1 | 19.27 | 2.75 % | ||
| Current price: | 18.75 | |||
| Support | S1 | 18.19 | -3.00 % | |
| S2 | 17.86 | -4.77 % | ||
| S3 | 17.32 | -7.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.69 | 10.35 % | |
| R2 | 20.54 | 9.55 % | ||
| R1 | 19.25 | 2.67 % | ||
| Current price | 18.75 | |||
| Support | S1 | 18.44 | -1.65% | |
| S2 | 18.31 | -2.35% | ||
| S3 | 18.05 | -3.73% |
FAQ
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