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 BCOV
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Red day on Thursday for Brightcove Inc.
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Loss -2.51% PDF

The Brightcove Inc. stock price fell by -2.51% on the last day (Thursday, 28th Mar 2024) from $1.99 to $1.94. During the last trading day the stock fluctuated 3.87% from a day low at $1.94 to a day high of $2.02. The price has risen in 4 of the last 10 days and is up by 2.65% over the past 2 weeks. Volume has increased on the last day by 33 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, 141 thousand shares were bought and sold for approximately $273.54 thousand.

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. Given the current short-term trend, the stock is expected to fall -23.90% during the next 3 months and, with a 90% probability hold a price between $1.22 and $1.58 at the end of this 3-month period. 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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BCOV Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 4.30%. Further rise is indicated until a new top pivot has been found. 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 Brightcove Inc. 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 $2.06. On a fall, the stock will find some support from the short-term average at $1.94. 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. Brightcove Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Brightcove Inc. stock

Brightcove Inc. finds support from accumulated volume at $1.91 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0750 between high and low, or 3.87%. For the last week, the stock has had daily average volatility of 3.12%.

Our recommended stop-loss: $1.85 (-4.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (BCOV) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Brightcove Inc. to open at $1.97, and during the day (based on 14 day Average True Range), to move between $1.84 and $2.04, which gives a possible trading interval of +/-$0.100 (+/-5.18%) up or down from last closing price. If Brightcove Inc. takes out the full calculated possible swing range there will be an estimated 10.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.95 (0.52%) than the support at $1.91 (1.55%), 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 Brightcove Inc. stock A Buy?

Brightcove Inc. 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.

Current score: -0.405 Hold/Accumulate Unchanged

Predicted Opening Price for Brightcove Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.97 ( 1.29%) $1.94

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

Trading levels for BCOV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.04 5.15 %
R2 2.01 3.68 %
R1 1.99 2.77 %
Current price: 1.94
Support S1 1.94 -0.188 %
S2 1.92 -1.10 %
S3 1.89 -2.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.38 22.68 %
R2 2.22 14.43 %
R1 1.95 0.515 %
Current price 1.94
Support S1 1.91 -1.55%
S2 1.89 -2.58%
S3 1.86 -4.12%

FAQ

What is the symbol for Brightcove Inc. Stock and on which exchange is it traded?
The symbol for Brightcove Inc. is BCOV and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Brightcove Inc. Stock?
Brightcove Inc. 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.

How to buy Brightcove Inc. Stock?
Brightcove Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Brightcove Inc. Stock.

What's the current price of Brightcove Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Brightcove Inc. (BCOV) share was $1.94.

What is the 52-week high and low for Brightcove Inc. Stock?
The 52-week high for Brightcove Inc. Stock is $4.63 and the 52-week low is $1.81.

What is the market capitalization of Brightcove Inc. Stock?
As of the 2024-03-28, the market capitalization of Brightcove Inc. is 84.788M.

When is the next earnings date for Brightcove Inc.?
The upcoming earnings date for Brightcove Inc. is May 01, 2024.
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About Brightcove Inc.

Brightcove. Brightcove Inc. provides cloud-based services for video. Its flagship product includes Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also offers Brightcove Live, a solution for live streaming; Brightcove Beacon, an application that enables companies to launch over-the-top video experiences on multiple monetization models; Brightcove Player, a video playe... BCOV Profile

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