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 BOSC
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Big movements in B.O.S. Better Online Solutions stock price on Thursday moving 12.45% between high and low
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 25, 2024 Gain 11.31% PDF

The B.O.S. Better Online Solutions stock price gained 10.91% on the last trading day (Thursday, 28th Mar 2024), rising from $2.75 to $3.05. During the last trading day the stock fluctuated 12.45% from a day low at $2.76 to a day high of $3.10. The price has risen in 6 of the last 10 days and is up by 14.23% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 195 thousand more shares were traded than the day before. In total, 211 thousand shares were bought and sold for approximately $643.14 thousand.

The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $2.93, a level that may pose a second chance to hit a runner. According to fan-theory $3.18 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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BOSC Signals & Forecast

The B.O.S. Better Online Solutions stock 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 $2.78 and $2.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 14.23%. 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). B.O.S. Better Online Solutions 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.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Thursday, March 14, 2024 with a target of $2.84. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for B.O.S. Better Online Solutions stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.74 and $2.71. 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, B.O.S. Better Online Solutions finds support just below today's level at $2.74. If this is broken, then the next support from accumulated volume will be at $2.71 and $2.69.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.344 between high and low, or 12.45%. For the last week the stock has had daily average volatility of 4.48%.

The B.O.S. Better Online Solutions stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $2.94 (-3.46%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)

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

For the upcoming trading day on Monday, 1st we expect B.O.S. Better Online Solutions to open at $2.97, and during the day (based on 14 day Average True Range), to move between $2.94 and $3.16, which gives a possible trading interval of +/-$0.105 (+/-3.45%) up or down from last closing price. If B.O.S. Better Online Solutions takes out the full calculated possible swing range there will be an estimated 6.91% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $2.74, some $0.310 (10.16%) from the current price of $3.05, our system finds the risk reward attractive.

Is B.O.S. Better Online Solutions stock A Buy?

B.O.S. Better Online Solutions 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 B.O.S. Better Online Solutions of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.97 ( 2.58%) $3.05

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

Trading levels for BOSC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.31 8.69 %
R2 3.18 4.38 %
R1 3.10 1.72 %
Current price: 3.05
Support S1 2.84 -6.89 %
S2 2.76 -9.55 %
S3 2.63 -13.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 3.05
Support S1 2.74 -10.16%
S2 2.71 -11.15%
S3 2.69 -11.80%

FAQ

What is the symbol for B.O.S. Better Online Solutions Stock and on which exchange is it traded?
The symbol for B.O.S. Better Online Solutions is BOSC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell B.O.S. Better Online Solutions Stock?
B.O.S. Better Online Solutions 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 B.O.S. Better Online Solutions Stock?
B.O.S. Better Online Solutions Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy B.O.S. Better Online Solutions Stock.

What's the current price of B.O.S. Better Online Solutions Stock?
As of the end of day on the 2024-03-28, the price of an B.O.S. Better Online Solutions (BOSC) share was $3.05.

What is the 52-week high and low for B.O.S. Better Online Solutions Stock?
The 52-week high for B.O.S. Better Online Solutions Stock is $4.15 and the 52-week low is $2.39.

What is the market capitalization of B.O.S. Better Online Solutions Stock?
As of the 2024-03-28, the market capitalization of B.O.S. Better Online Solutions is 15.807M.

When is the next earnings date for B.O.S. Better Online Solutions?
The upcoming earnings date for B.O.S. Better Online Solutions is Mar 28, 2024.
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About B.O.S. Better Online Solutions

B.O.S. Better Online Solutions B.O.S. Better Online Solutions Ltd. provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wire... BOSC Profile

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