Croma Security Solutions Group PLC 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
Croma Security Solutions Group PLC stock price down 0% on Wednesday
(Updated on Sep 02, 2020)
No changes to the price of Croma Security Solutions Group PLC stock on the last trading day (Wednesday, 2nd Sep 2020). During the last trading day the stock fluctuated 4.05% from a day low at £0.740 to a day high of £0.770. The price has been going up and down for this period, and there has been a 16.67% gain for the last 2 weeks.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £0 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach £0 sometime during the next 3 months.
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CSSG.L Signals & Forecast
There are mixed signals in the stock today. The Croma Security Solutions Group PLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £0.781. On a fall, the stock will find some support from the short-term average at £0.719. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Croma Security Solutions Group PLC stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £0.0300 between high and low, or 4.05%. For the last week the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: £0.0400 (-5.00%) (Unable to calculate.)
Trading Expectations (CSSG.L) For The Upcoming Trading Day Of Thursday 3rd
Is Croma Security Solutions Group PLC stock A Buy?
Croma Security Solutions Group PLC 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Croma Security Solutions Group PLC of Thursday, September 3, 2020
Fair opening price September 3, 2020 | Current price |
---|---|
£0.760 ( 1.30%) | £0.770 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSSG.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.790 | 2.60 % | |
R2 | 0.779 | 1.11 % | ||
R1 | 0.771 | 0.190 % | ||
Current price: | 0.770 | |||
Support | S1 | 0.749 | -2.79 % | |
S2 | 0.741 | -3.71 % | ||
S3 | 0.730 | -5.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.770 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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