Baker Hughes Incorporated Fund 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
Baker Hughes Incorporated fund price down 0% on Monday
(Updated on Aug 14, 2017)
No changes to the price of Baker Hughes Incorporated fund on the last trading day (Monday, 14th Aug 2017). During the last trading day the fund fluctuated 5.79% from a day low at $54.57 to a day high of $57.73. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund 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 fund is expected to rise 3.39% during the next 3 months and, with a 90% probability hold a price between $56.24 and $62.10 at the end of this 3-month period.
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BHI Signals & Forecast
There are mixed signals in the fund today. A sell signal was issued from a pivot top point on Friday, August 11, 2017, 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The Baker Hughes Incorporated fund 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 $57.68 and $57.11. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Baker Hughes Incorporated fund
Baker Hughes Incorporated finds support from accumulated volume at $55.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $3.16 between high and low, or 5.79%. For the last week the fund has had daily average volatility of 5.79%.
Our recommended stop-loss: $55.37 (-4.00%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BHI) For The Upcoming Trading Day Of Tuesday 15th
For the upcoming trading day on Tuesday, 15th we expect Baker Hughes Incorporated to open at $56.66, and during the day (based on 14 day Average True Range), to move between $54.77 and $60.59, which gives a possible trading interval of +/-$2.91 (+/-5.05%) up or down from last closing price. If Baker Hughes Incorporated takes out the full calculated possible swing range there will be an estimated 10.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $58.00 (0.55%) than the support at $55.53 (3.73%), 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 Baker Hughes Incorporated fund A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Baker Hughes Incorporated fund to perform well in the short-term.
Current score: 1.820 Buy Candidate Unchanged
Predicted Opening Price for Baker Hughes Incorporated of Tuesday, August 15, 2017
Fair opening price August 15, 2017 | Current price |
---|---|
$56.66 ( 1.77%) | $57.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 59.82 | 3.71 % | |
R2 | 58.61 | 1.62 % | ||
R1 | 57.87 | 0.324 % | ||
Current price: | 57.68 | |||
Support | S1 | 55.45 | -3.86 % | |
S2 | 54.71 | -5.15 % | ||
S3 | 53.50 | -7.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.22 | 0.94 % | |
R2 | 58.01 | 0.572 % | ||
R1 | 58.00 | 0.555 % | ||
Current price | 57.68 | |||
Support | S1 | 55.53 | -3.73% | |
S2 | 54.52 | -5.48% | ||
S3 | 53.99 | -6.40% |
FAQ
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