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: [ 20 - 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 BURU
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Volatile ride for Nuburu, Inc. stock price on Friday moving between $0.131 and $0.248
(Updated on May 24, 2024)

Buy candidate since May 24, 2024 PDF

The Nuburu, Inc. stock price gained 19.68% on the last trading day (Friday, 24th May 2024), rising from $0.139 to $0.166. During the last trading day the stock fluctuated 89.02% from a day low at $0.131 to a day high of $0.248. The price has been going up and down for this period, and there has been a 23.42% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 131 million more shares were traded than the day before. In total, 150 million shares were bought and sold for approximately $24.92 million.

The stock lies in the middle of a very wide and weak 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 8.34% during the next 3 months and, with a 90% probability hold a price between $0.123 and $0.254 at the end of this 3-month period.

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BURU Signals & Forecast

The Nuburu, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.159 and $0.165. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 19.86%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Nuburu, Inc. stock

Nuburu, Inc. finds support from accumulated volume at $0.161 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.117 between high and low, or 89.02%. For the last week, the stock has had daily average volatility of 47.48%.

Our recommended stop-loss: $0.159 (-4.08%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (BURU) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Nuburu, Inc. to open at $0.182, and during the day (based on 14 day Average True Range), to move between $0.116 and $0.216, which gives a possible trading interval of +/-$0.0505 (+/-30.40%) up or down from last closing price. If Nuburu, Inc. takes out the full calculated possible swing range there will be an estimated 60.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.168 (1.20%) than the support at $0.161 (2.95%), 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 Nuburu, 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 Nuburu, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.970 Buy Candidate Upgraded

Predicted Opening Price for Nuburu, Inc. of Tuesday, May 28, 2024

Fair opening price May 28, 2024 Current price
$0.182 ( 9.48%) $0.166

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

Trading levels for BURU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.299 79.84 %
R2 0.254 52.96 %
R1 0.226 36.36 %
Current price: 0.166
Support S1 0.137 -17.40 %
S2 0.110 -34.01 %
S3 0.0649 -60.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.192 15.72 %
R2 0.170 2.47 %
R1 0.168 1.20 %
Current price 0.166
Support S1 0.161 -2.95%
S2 0.141 -15.12%
S3 0.139 -16.45%

FAQ

What is the symbol for Nuburu, Inc. Stock and on which exchange is it traded?
The symbol for Nuburu, Inc. is BURU and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Nuburu, Inc. Stock?
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 Nuburu, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Nuburu, Inc. Stock?
Nuburu, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nuburu, Inc. Stock.

What's the current price of Nuburu, Inc. Stock?
As of the end of day on the May 24, 2024, the price of an Nuburu, Inc. (BURU) share was $0.166.

What is the 52-week high and low for Nuburu, Inc. Stock?
The 52-week high for Nuburu, Inc. Stock is $2.15 and the 52-week low is $0.110.

What is the market capitalization of Nuburu, Inc. Stock?
As of the May 24, 2024, the market capitalization of Nuburu, Inc. is 6.398M.

When is the next earnings date for Nuburu, Inc.?
The upcoming earnings date for Nuburu, Inc. is Aug 08, 2024.
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