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 CEVA
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Red day on Thursday for CEVA
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Gain 1.47% PDF

No changes to the price of CEVA stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 1.88% from a day low at $22.59 to a day high of $23.02. The price has fallen in 7 of the last 10 days and is down by -2.2% for this period.

The stock lies in the middle of a 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 14.02% during the next 3 months and, with a 90% probability hold a price between $23.71 and $29.14 at the end of this 3-month period.

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CEVA Signals & Forecast

The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CEVA 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 $22.76 and $22.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -8.76%. 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).

Support, Risk & Stop-loss for CEVA stock

CEVA finds support from accumulated volume at $22.54 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 $0.425 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 2.61%.

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

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

For the upcoming trading day on Monday, 1st we expect CEVA to open at $22.77, and during the day (based on 14 day Average True Range), to move between $21.86 and $23.56, which gives a possible trading interval of +/-$0.85 (+/-3.75%) up or down from last closing price. If CEVA takes out the full calculated possible swing range there will be an estimated 7.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.54 (0.75%) than the resistance at $23.17 (2.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CEVA stock A Buy?

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

Current score: -4.638 Sell Candidate Unchanged

Predicted Opening Price for CEVA of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$22.77 ( 0.272%) $22.71

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

Trading levels for CEVA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.20 2.14 %
R2 23.03 1.43 %
R1 22.93 0.99 %
Current price: 22.71
Support S1 22.61 -0.443 %
S2 22.51 -0.88 %
S3 22.35 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.51 7.93 %
R2 24.31 7.05 %
R1 23.17 2.03 %
Current price 22.71
Support S1 22.54 -0.749%
S2 21.64 -4.71%
S3 20.19 -11.10%

FAQ

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

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

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

What's the current price of CEVA Stock?
As of the end of day on the 2024-03-28, the price of an CEVA (CEVA) share was $22.71.

What is the 52-week high and low for CEVA Stock?
The 52-week high for CEVA Stock is $30.57 and the 52-week low is $16.38.

What is the market capitalization of CEVA Stock?
As of the 2024-03-28, the market capitalization of CEVA is 536.715M.

When is the next earnings date for CEVA?
The upcoming earnings date for CEVA is May 08, 2024.
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About CEVA

CEVA CEVA, Inc. operates as a licensor of wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI). The company licenses a family of wireless connectivity an... CEVA Profile

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