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 CALA
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On Thursday, Calithera Biosciences stock price gained an impressive 22.75%
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Calithera Biosciences stock price gained 22.75% on the last trading day (Thursday, 28th Mar 2024), rising from $0.0200 to $0.0246. During the last trading day the stock fluctuated 0% from a day low at $0.0246 to a day high of $0.0246. The price has been going up and down for this period, and there has been a 22.75% gain for the last 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 163 shares were bought and sold for approximately $4.00 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0251 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -33.40% during the next 3 months and, with a 90% probability hold a price between $0.0098 and $0.0167 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CALA Signals & Forecast

The Calithera Biosciences 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 $0.0228 and $0.0239. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 22.75%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Calithera Biosciences stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0200. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "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: $0.0237 (-3.32%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (CALA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Calithera Biosciences to open at $0.0246, and during the day (based on 14 day Average True Range), to move between $0.0210 and $0.0281, which gives a possible trading interval of +/-$0.0036 (+/-14.52%) up or down from last closing price. If Calithera Biosciences takes out the full calculated possible swing range there will be an estimated 29.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0251 (2.04%) than the support at $0.0200 (18.53%), 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 Calithera Biosciences stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.706 Buy Candidate Upgraded

Predicted Opening Price for Calithera Biosciences of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.0246 ( 0%) $0.0246

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

Trading levels for CALA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0246 .
R2 0.0246 .
R1 0.0246 .
Current price: 0.0246
Support S1 0.0246 .
S2 0.0246 .
S3 0.0246 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.0305 24.24 %
R2 0.0300 22.20 %
R1 0.0251 2.04 %
Current price 0.0246
Support S1 0.0200 -18.53%
S2 0 .
S3 0 .

FAQ

What is the symbol for Calithera Biosciences Stock and on which exchange is it traded?
The symbol for Calithera Biosciences is CALA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Calithera Biosciences Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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.

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

What's the current price of Calithera Biosciences Stock?
As of the end of day on the 2024-03-28, the price of an Calithera Biosciences (CALA) share was $0.0246.

What is the 52-week high and low for Calithera Biosciences Stock?
The 52-week high for Calithera Biosciences Stock is $0.500 and the 52-week low is $0.0100.

What is the market capitalization of Calithera Biosciences Stock?
As of the 2024-03-28, the market capitalization of Calithera Biosciences is 97.45K.

When is the next earnings date for Calithera Biosciences?
The upcoming earnings date for Calithera Biosciences is Mar 29, 2024.
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