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 CLOU
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Green day on Wednesday for Global X Cloud Computing
(Updated on Mar 27, 2024)

Sell candidate since Mar 14, 2024 Gain 0.23% PDF

The Global X Cloud Computing ETF price gained 0.276% on the last trading day (Wednesday, 27th Mar 2024), rising from $21.74 to $21.80. During the last trading day the ETF fluctuated 1.43% from a day low at $21.68 to a day high of $21.99. The price has risen in 6 of the last 10 days but is still down by -0.82% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 151 thousand more shares were traded than the day before. In total, 287 thousand shares were bought and sold for approximately $6.25 million.

The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.53% during the next 3 months and, with a 90% probability hold a price between $20.22 and $22.57 at the end of this 3-month period.

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CLOU Signals & Forecast

There are mixed signals in the ETF today. The Global X Cloud Computing ETF 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 $21.84 and $22.00. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 2.83%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Global X Cloud Computing ETF

Global X Cloud Computing finds support from accumulated volume at $21.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.310 between high and low, or 1.43%. For the last week the ETF has had daily average volatility of 1.01%.

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

Trading Expectations (CLOU) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Global X Cloud Computing ETF to open at $21.82, and during the day (based on 14 day Average True Range), to move between $21.46 and $22.14, which gives a possible trading interval of +/-$0.337 (+/-1.54%) up or down from last closing price. If Global X Cloud Computing ETF takes out the full calculated possible swing range there will be an estimated 3.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $21.84 (0.18%) than the support at $21.39 (1.88%), 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 Global X Cloud Computing ETF ETF A Buy?

Global X Cloud Computing holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.473 Sell Candidate Unchanged

Predicted Opening Price for Global X Cloud Computing ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$21.82 ( 0.107%) $21.80

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

Trading levels for CLOU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 22.13 1.53 %
R2 22.01 0.99 %
R1 21.94 0.650 %
Current price: 21.80
Support S1 21.70 -0.436 %
S2 21.63 -0.772 %
S3 21.51 -1.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 22.03 1.06 %
R2 22.01 0.96 %
R1 21.84 0.183 %
Current price 21.80
Support S1 21.39 -1.88%
S2 21.32 -2.20%
S3 21.31 -2.25%

CLOU Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 29, 2021 Dec 30, 2021 Jan 07, 2022 $0.467 1.93%
2 Dec 30, 2019 Dec 30, 2019 Jan 08, 2020 $0.0150 0.0906%

FAQ

What is the symbol for Global X Cloud Computing ETF ETF and on which exchange is it traded?
The symbol for Global X Cloud Computing ETF is CLOU and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Global X Cloud Computing ETF ETF?
Global X Cloud Computing holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

How to buy Global X Cloud Computing ETF ETF?
Global X Cloud Computing ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Global X Cloud Computing ETF ETF.

What's the current price of Global X Cloud Computing ETF ETF?
As of the end of day on the 2024-03-27, the price of an Global X Cloud Computing ETF (CLOU) share was $21.80.

What is the 52-week high and low for Global X Cloud Computing ETF ETF?
The 52-week high for Global X Cloud Computing ETF ETF is $23.67 and the 52-week low is $16.00.

What is the market capitalization of Global X Cloud Computing ETF ETF?
As of the 2024-03-27, the market capitalization of Global X Cloud Computing ETF is 618.876M.
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