Bruush Oral Care 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
Volatile ride for Bruush Oral Care Inc. stock price on Friday moving between $0.0910 and $0.220
(Updated on May 17, 2024)
The Bruush Oral Care Inc. stock price fell by -16.29% on the last day (Friday, 17th May 2024) from $0.140 to $0.117. During the last trading day the stock fluctuated 141.76% from a day low at $0.0910 to a day high of $0.220. The price has been going up and down for this period, and there has been a 66.71% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -45 million shares and in total, 102 million shares were bought and sold for approximately $12.00 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.58% during the next 3 months and, with a 90% probability hold a price between $0.0581 and $0.161 at the end of this 3-month period.
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BRSH Signals & Forecast
The Bruush Oral Care Inc. 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 $0.0817 and $0.0596. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, May 16, 2024, and so far it has fallen -16.29%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Bruush Oral Care Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.129 between high and low, or 141.76%. For the last week, the stock has had daily average volatility of 63.10%.
Our recommended stop-loss: $0.111 (-5.62%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BRSH) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Bruush Oral Care Inc. to open at $0.143, and during the day (based on 14 day Average True Range), to move between $0.0931 and $0.141, which gives a possible trading interval of +/-$0.0241 (+/-20.53%) up or down from last closing price. If Bruush Oral Care Inc. takes out the full calculated possible swing range there will be an estimated 41.06% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.140, some $0.0228 (19.45%) from the current price of $0.117, our system finds the risk reward not very attractive.
Is Bruush Oral Care Inc. stock 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 Bruush Oral Care Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.059 Buy Candidate Upgraded
Predicted Opening Price for Bruush Oral Care Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.143 ( 21.79%) | $0.117 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.272 | 131.85 % | |
| R2 | 0.222 | 89.81 % | ||
| R1 | 0.192 | 63.83 % | ||
| Current price: | 0.117 | |||
| Support | S1 | 0.0935 | -20.26 % | |
| S2 | 0.0630 | -46.24 % | ||
| S3 | 0.0137 | -88.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.140 | 19.45 % | ||
| Current price | 0.117 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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