Cellebrite DI Ltd. 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
Cellebrite DI Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 06, 2024)
The Cellebrite DI Ltd. stock price gained 4.48% on the last trading day (Monday, 6th May 2024), rising from $10.72 to $11.20. During the last trading day the stock fluctuated 4.48% from a day low at $10.72 to a day high of $11.20. The price has been going up and down for this period, and there has been a 6.97% 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, 270 thousand more shares were traded than the day before. In total, 585 thousand shares were bought and sold for approximately $6.55 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cellebrite DI Ltd. stock with a 90% probability to be traded between $9.13 and $12.16 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CLBT Signals & Forecast
The Cellebrite DI Ltd. 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 $10.87 and $10.99. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -8.87%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Cellebrite DI Ltd. stock
Cellebrite DI Ltd. finds support from accumulated volume at $10.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.480 (4.48%) between high and low. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: $10.58 (-5.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (CLBT) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Cellebrite DI Ltd. to open at $11.04, and during the day (based on 14 day Average True Range), to move between $10.89 and $11.51, which gives a possible trading interval of +/-$0.305 (+/-2.73%) up or down from last closing price. If Cellebrite DI Ltd. takes out the full calculated possible swing range there will be an estimated 5.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.39 (1.70%) than the support at $10.91 (2.59%), 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 Cellebrite DI Ltd. stock A Buy?
Cellebrite DI Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.363 Hold/Accumulate Upgraded
Predicted Opening Price for Cellebrite DI Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $11.04 ( 1.43%) | $11.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLBT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.52 | 2.86 % | |
| R2 | 11.34 | 1.22 % | ||
| R1 | 11.22 | 0.209 % | ||
| Current price: | 11.20 | |||
| Support | S1 | 10.86 | -3.07 % | |
| S2 | 10.74 | -4.08 % | ||
| S3 | 10.56 | -5.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.87 | 5.98 % | |
| R2 | 11.45 | 2.23 % | ||
| R1 | 11.39 | 1.70 % | ||
| Current price | 11.20 | |||
| Support | S1 | 10.91 | -2.59% | |
| S2 | 10.74 | -4.11% | ||
| S3 | 10.38 | -7.32% |
FAQ
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