BLIS Technologies Limited 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
BLIS Technologies Limited stock price ended at $0.0170 on Monday, after losing 0%.
(Updated on Apr 29, 2024)
No changes to the price of BLIS Technologies Limited stock on the last trading day (Monday, 29th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0170 to a day high of $0.0170. The price has been going up and down for this period, and there has been a 6.25% gain for the last 2 weeks.
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 -4.03% during the next 3 months and, with a 90% probability hold a price between $0.0129 and $0.0185 at the end of this 3-month period.
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BLT.NZ Signals & Forecast
The BLIS Technologies Limited stock 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 stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0176. On a fall, the stock will find some support from the long-term average at approximately $0.0165. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, April 18, 2024, and so far it has fallen -10.53%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for BLIS Technologies Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0160 and $0.0150. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BLIS Technologies Limited finds support just below today's level at $0.0160. If this is broken, then the next support from accumulated volume will be at $0.0150 and $0.0140.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLT.NZ) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect BLIS Technologies Limited to open at $0.0170, and during the day (based on 14 day Average True Range), to move between $0.0164 and $0.0176, which gives a possible trading interval of +/-$0.0006 (+/-3.42%) up or down from last closing price. If BLIS Technologies Limited takes out the full calculated possible swing range there will be an estimated 6.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0180 (5.88%) than the support at $0.0160 (5.88%), 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 BLIS Technologies Limited stock A Buy?
BLIS Technologies Limited 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: -2.413 Sell Candidate Unchanged
Predicted Opening Price for BLIS Technologies Limited of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $0.0170 ( 0%) | $0.0170 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLT.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0170 | . | |
| R2 | 0.0170 | . | ||
| R1 | 0.0170 | . | ||
| Current price: | 0.0170 | |||
| Support | S1 | 0.0170 | . | |
| S2 | 0.0170 | . | ||
| S3 | 0.0170 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0200 | 17.65 % | |
| R2 | 0.0190 | 11.76 % | ||
| R1 | 0.0180 | 5.88 % | ||
| Current price | 0.0170 | |||
| Support | S1 | 0.0160 | -5.88% | |
| S2 | 0.0150 | -11.76% | ||
| S3 | 0.0140 | -17.65% |
FAQ
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