Barington/Hilco Acquisition Corp Wt Exp ETF 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Red day on Thursday for Barington/Hilco Acquisition Corp Wt Exp
(Updated on Jun 27, 2024)
No changes to the price of Barington/Hilco Acquisition Corp Wt Exp ETF on the last trading day (Thursday, 27th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $0.0799 to a day high of $0.0799. The price has been going up and down for this period, and there has been a -20.02% loss for the last 2 weeks.
The ETF is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.0798 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Barington/Hilco Acquisition Corp Wt Exp ETF with a 90% probability to be traded between $0.0795 and $0.0992 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BHACW Signals & Forecast
The Barington/Hilco Acquisition Corp Wt Exp ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $0.0886. On a fall, the ETF will find some support from the long-term average at approximately $0.0748. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Support, Risk & Stop-loss for Barington/Hilco Acquisition Corp Wt Exp ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $0.0700. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the ETF price.
In general the ETF 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 ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0250%
Barington/Hilco Acquisition Corp Wt Exp is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $0.0745 (-6.72%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 14 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (BHACW) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Barington/Hilco Acquisition Corp Wt Exp 02/11/2018 to open at $0.0799, and during the day (based on 14 day Average True Range), to move between $0.0765 and $0.0833, which gives a possible trading interval of +/-$0.0034 (+/-4.24%) up or down from last closing price. If Barington/Hilco Acquisition Corp Wt Exp 02/11/2018 takes out the full calculated possible swing range there will be an estimated 8.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0800 (0.13%) than the support at $0.0700 (12.39%), 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 Barington/Hilco Acquisition Corp Wt Exp 02/11/2018 ETF A Buy?
Barington/Hilco Acquisition Corp Wt Exp 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Barington/Hilco Acquisition Corp Wt Exp 02/11/2018 of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$0.0799 ( 0%) | $0.0799 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHACW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0799 | - |
R2 | 0.0799 | - |
R1 | 0.0799 | - |
Price | 0.0799 | |
S1 | 0.0799 | - |
S2 | 0.0799 | - |
S3 | 0.0799 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0951 | 19.02% |
R2 | 0.0910 | 13.89% |
R1 | 0.0800 | 0.125% |
Price | 0.0799 | |
S1 | 0.0700 | -12.39% |
S2 | 0 | - |
S3 | 0 | - |
FAQ
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