Allbirds, 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
Green day on Monday for Allbirds, Inc.
(Updated on May 06, 2024)
The Allbirds, Inc. stock price gained 1.77% on the last trading day (Monday, 6th May 2024), rising from $0.612 to $0.622. During the last trading day the stock fluctuated 6.67% from a day low at $0.600 to a day high of $0.640. The price has fallen in 6 of the last 10 days and is down by -4.51% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 301 thousand more shares were traded than the day before. In total, 759 thousand shares were bought and sold for approximately $472.52 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.622, a level that may pose a second chance to hit a runner. According to fan-theory $0.81 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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BIRD Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Allbirds, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Allbirds, 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 $0.635. On a fall, the stock will find some support from the short-term average at $0.607. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -9.86%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Allbirds, Inc. stock
Allbirds, Inc. finds support from accumulated volume at $0.611 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 $0.0400 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 9.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIRD) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Allbirds, Inc. to open at $0.621, and during the day (based on 14 day Average True Range), to move between $0.564 and $0.681, which gives a possible trading interval of +/-$0.0583 (+/-9.37%) up or down from last closing price. If Allbirds, Inc. takes out the full calculated possible swing range there will be an estimated 18.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.611 (1.91%) than the resistance at $0.652 (4.72%), 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
Allbirds, Inc. will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.210. We will update the financials statements for Allbirds, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.66% in the first trading day after earnings release.
Is Allbirds, Inc. stock A Buy?
Allbirds, 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.
Current score: -4.900 Sell Candidate Unchanged
Predicted Opening Price for Allbirds, Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.621 ( 0.257%) | $0.622 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIRD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.661 | 6.17 % | |
| R2 | 0.646 | 3.71 % | ||
| R1 | 0.636 | 2.20 % | ||
| Current price: | 0.622 | |||
| Support | S1 | 0.606 | -2.71 % | |
| S2 | 0.596 | -4.23 % | ||
| S3 | 0.581 | -6.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.764 | 22.73 % | |
| R2 | 0.750 | 20.53 % | ||
| R1 | 0.652 | 4.72 % | ||
| Current price | 0.622 | |||
| Support | S1 | 0.611 | -1.91% | |
| S2 | 0.553 | -11.17% | ||
| S3 | 0.548 | -11.89% |
FAQ
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