BT Brands, 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
High volatility in BT Brands, Inc. stock price on Thursday which ended trading at $0.110
(Updated on May 23, 2024)
No changes to the price of BT Brands, Inc. stock on the last trading day (Thursday, 23rd May 2024). During the last trading day the stock fluctuated 46.67% from a day low at $0.0750 to a day high of $0.110. The price has been going up and down for this period, and there has been a 12.82% gain for the last 2 weeks.
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 18.23% during the next 3 months and, with a 90% probability hold a price between $0.103 and $0.163 at the end of this 3-month period.
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BTBDW Signals & Forecast
The BT Brands, 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 $0.110 and $0.106. 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 Friday, April 12, 2024, and so far it has fallen -8.33%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BT Brands, Inc. stock
BT Brands, Inc. finds support from accumulated volume at $0.106 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0350 between high and low, or 46.67%. For the last week the stock has had daily average volatility of 30.14%.
Our recommended stop-loss: $0.103 (-5.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (BTBDW) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect BT Brands, Inc. to open at $0.0983, and during the day (based on 14 day Average True Range), to move between $0.0908 and $0.129, which gives a possible trading interval of +/-$0.0192 (+/-17.41%) up or down from last closing price. If BT Brands, Inc. takes out the full calculated possible swing range there will be an estimated 34.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.113 (2.27%) than the support at $0.106 (3.64%), 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 BT Brands, 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 BT Brands, Inc. stock to perform well in the short-term.
Current score: 2.965 Buy Candidate Unchanged
Predicted Opening Price for BT Brands, Inc. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $0.0983 ( 10.61%) | $0.110 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTBDW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.133 | 21.21 % | |
| R2 | 0.120 | 9.06 % | ||
| R1 | 0.112 | 1.55 % | ||
| Current price: | 0.110 | |||
| Support | S1 | 0.0850 | -22.76 % | |
| S2 | 0.0767 | -30.27 % | ||
| S3 | 0.0633 | -42.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.123 | 12.00 % | |
| R2 | 0.120 | 9.09 % | ||
| R1 | 0.113 | 2.27 % | ||
| Current price | 0.110 | |||
| Support | S1 | 0.106 | -3.64% | |
| S2 | 0.0900 | -18.18% | ||
| S3 | 0.0895 | -18.64% |
FAQ
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