Blue Water Ventures International, 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
Evaluation of Blue Water Ventures International, Inc. stock downgraded after the last trading session.
(Updated on May 24, 2024)
No changes to the price of Blue Water Ventures International, Inc. stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0022 to a day high of $0.0022. The price has been going up and down for this period, and there has been a -83.7% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0009 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -23.12% during the next 3 months and, with a 90% probability hold a price between $0.0007 and $0.0265 at the end of this 3-month period.
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BWVI Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 83.33%. Further rise is indicated until a new top pivot has been found. 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. The Blue Water Ventures International, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0208 and $0.0161. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Blue Water Ventures International, 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BWVI) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Blue Water Ventures International, Inc. to open at $0.0022, and during the day (based on 14 day Average True Range), to move between -$0.0034 and $0.0078, which gives a possible trading interval of +/-$0.0056 (+/-256.78%) up or down from last closing price. If Blue Water Ventures International, Inc. takes out the full calculated possible swing range there will be an estimated 513.56% move between the lowest and the highest trading price during the day.
Is Blue Water Ventures International, Inc. stock A Buy?
Blue Water Ventures International, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.990 Strong Sell Candidate Downgraded
Predicted Opening Price for Blue Water Ventures International, Inc. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $0.0022 ( 0%) | $0.0022 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BWVI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0022 | . | |
| R2 | 0.0022 | . | ||
| R1 | 0.0022 | . | ||
| Current price: | 0.0022 | |||
| Support | S1 | 0.0022 | . | |
| S2 | 0.0022 | . | ||
| S3 | 0.0022 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0022 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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