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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 CMCO
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Columbus McKinnon Corporation stock price ended on $36.26 on Friday after gaining 0.27654867256638%
(Updated on Dec 08, 2023)


Buy or Hold candidate since Dec 01, 2023 Gain 0.50% PDF
The Columbus McKinnon Corporation stock price gained 0.27654867256638% on the last trading day (Friday, 8th Dec 2023), rising from $36.16 to $36.26. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.21% from a day low at $35.91 to a day high of $36.71. The price has risen in 6 of the last 10 days and is up by 3.3% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 95 thousand shares were bought and sold for approximately $3.45 million. 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.

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The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $36.60 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Columbus McKinnon Corporation stock with a 90% probability to be traded between $31.05 and $36.98 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.

CMCO Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, December 04, 2023, and so far it has fallen -0.87%. 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). The Columbus McKinnon Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $35.97 and $33.90. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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Support, Risk & Stop-loss for Columbus McKinnon Corporation stock

Columbus McKinnon Corporation finds support from accumulated volume at $36.08 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 $0.795 (2.21%) between high and low. For the last week, the stock has had daily average volatility of 2.20%.

Our recommended stop-loss: $34.93 (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (CMCO) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Columbus McKinnon Corporation to open at $36.29, and during the day (based on 14 day Average True Range), to move between $35.32 and $37.20, which gives a possible trading interval of +/-$0.94 (+/-2.58%) up or down from last closing price. If Columbus McKinnon Corporation takes out the full calculated possible swing range there will be an estimated 5.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $36.08 (0.50%) than the resistance at $36.58 (0.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Columbus McKinnon Corporation stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Columbus McKinnon Corporation stock to perform well in the short-term period.

Current score: 1.852 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Columbus McKinnon Corporation of Monday, December 11, 2023

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

Fair opening price December 11, 2023 Current price
$36.29 $36.26 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 37.09 2.28 %
R2 36.78 1.44 %
R1 36.60 0.92 %
Current price: 36.26
Support S1 35.99 -0.750 %
S2 35.80 -1.27 %
S3 35.50 -2.11 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 36.58 0.88 %
Current price 36.26
Support S1 36.08 -0.496%
S2 33.96 -6.34%
S3 32.21 -11.17%
What is the symbol for Columbus McKinnon Corporation Stock and on which exchange is it traded?
The symbol for Columbus McKinnon Corporation is CMCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Columbus McKinnon Corporation Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Columbus McKinnon Corporation stock to perform well in the short-term period.

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

What's the current price of Columbus McKinnon Corporation Stock?
As of the end of day on the 2023-12-08, the price of an Columbus McKinnon Corporation (CMCO) share was $36.26.

What is the 52-week high and low for Columbus McKinnon Corporation Stock?
The 52-week high for Columbus McKinnon Corporation Stock is $42.87 and the 52-week low is $30.05.

What is the market capitalization of Columbus McKinnon Corporation Stock?
As of the 2023-12-08, the market capitalization of Columbus McKinnon Corporation is 1.042B.

When is the next earnings date for Columbus McKinnon Corporation?
The upcoming earnings date for Columbus McKinnon Corporation is 2024-02-07 00:00:00.

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About Columbus McKinnon Corporation

Columbus McKinnon Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected and custom engineered hoists, and winches; crane systems, such as crane components and kits, enclosed track rail systems, mobile and jib cranes, and fall protection systems, as well a... CMCO Profile

CMCO Dividend Data

0.780%

Dividend Yield (TTM)
Payout Ratio (TTM) 15.73%
Frequency Quarterly
Amount Per Share $0.0700
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