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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 BXC
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Red day on Wednesday for BlueLinx Holdings Inc stock after losing 3.31%
(Updated on Apr 17, 2024)

Sell candidate since Apr 10, 2024 Loss -8.75% PDF

The BlueLinx Holdings Inc stock price fell by -3.31% on the last day (Wednesday, 17th Apr 2024) from $113.77 to $110.00. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 4.59% from a day low at $109.59 to a day high of $114.62. The price has fallen in 8 of the last 10 days and is down by -14.24% for this period. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 80 thousand shares were bought and sold for approximately $8.75 million.

The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $120.31. A reaction back to this level may hold a second chance to get out before further falls.

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BXC Signals & Forecast

There are few to no technical positive signals at the moment. The BlueLinx Holdings Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $117.94 and $122.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -16.19%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for BlueLinx Holdings Inc stock

BlueLinx Holdings Inc finds support from accumulated volume at $109.78 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.03 between high and low, or 4.59%. For the last week, the stock has had daily average volatility of 2.98%.

BlueLinx Holdings Inc is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BXC) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect BlueLinx Holdings Inc to open at $111.40, and during the day (based on 14 day Average True Range), to move between $105.93 and $114.07, which gives a possible trading interval of +/-$4.07 (+/-3.70%) up or down from last closing price. If BlueLinx Holdings Inc takes out the full calculated possible swing range there will be an estimated 7.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $109.78 (0.20%) than the resistance at $114.85 (4.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BlueLinx Holdings Inc stock A Buy?

The BlueLinx Holdings Inc stock holds several negative signals and despite the positive trend, we believe BlueLinx Holdings Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.948 Sell Candidate Unchanged

Predicted Opening Price for BlueLinx Holdings Inc of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$111.40 ( 1.28%) $110.00

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

Trading levels for BXC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 116.43 5.85 %
R2 114.51 4.10 %
R1 113.32 3.02 %
Current price: 110.00
Support S1 109.48 -0.471 %
S2 108.29 -1.55 %
S3 106.37 -3.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 115.50 5.00 %
R2 115.34 4.85 %
R1 114.85 4.41 %
Current price 110.00
Support S1 109.78 -0.200%
S2 109.68 -0.291%
S3 109.42 -0.527%

BXC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 31, 2007 Dec 12, 2007 Dec 28, 2007 $1.25 3.09%
2 Aug 08, 2007 Sep 12, 2007 Sep 28, 2007 $1.25 1.78%
3 May 07, 2007 Jun 13, 2007 Jun 29, 2007 $1.25 1.19%
4 Jan 23, 2007 Mar 14, 2007 Mar 30, 2007 $1.25 1.19%
5 Nov 01, 2006 Dec 13, 2006 Dec 29, 2006 $1.25 1.20%

FAQ

What is the symbol for BlueLinx Holdings Inc Stock and on which exchange is it traded?
The symbol for BlueLinx Holdings Inc is BXC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell BlueLinx Holdings Inc Stock?
The BlueLinx Holdings Inc stock holds several negative signals and despite the positive trend, we believe BlueLinx Holdings Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy BlueLinx Holdings Inc Stock?
BlueLinx Holdings 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 BlueLinx Holdings Inc Stock.

What's the current price of BlueLinx Holdings Inc Stock?
As of the end of day on the 2024-04-17, the price of an BlueLinx Holdings Inc (BXC) share was $110.00.

What is the 52-week high and low for BlueLinx Holdings Inc Stock?
The 52-week high for BlueLinx Holdings Inc Stock is $132.67 and the 52-week low is $66.58.

What is the market capitalization of BlueLinx Holdings Inc Stock?
As of the 2024-04-17, the market capitalization of BlueLinx Holdings Inc is 951.506M.

When is the next earnings date for BlueLinx Holdings Inc?
The upcoming earnings date for BlueLinx Holdings Inc is May 07, 2024.
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About BlueLinx Holdings Inc

BlueLinx Holdings BlueLinx Holdings Inc., together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products; and structural products include lumber, plywood, oriented strand boards, rebars and remesh, spruce, and other wood products primarily that are used for structural sup... BXC Profile

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