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 CTHR
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Green day on Thursday for Charles & Colvard Ltd stock after gaining 0.265%
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Gain 0.29% PDF

The Charles & Colvard Ltd stock price gained 0.265% on the last trading day (Thursday, 28th Mar 2024), rising from $0.340 to $0.341. During the last trading day the stock fluctuated 7.91% from a day low at $0.340 to a day high of $0.367. The price has been going up and down for this period, and there has been a -4.75% loss 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, 25 thousand more shares were traded than the day before. In total, 134 thousand shares were bought and sold for approximately $45.61 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.21% during the next 3 months and, with a 90% probability hold a price between $0.232 and $0.333 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CTHR Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.07%. Further rise is indicated until a new top pivot has been found. Charles & Colvard Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Charles & Colvard Ltd 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 $0.350 and $0.361. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Charles & Colvard Ltd stock

Charles & Colvard Ltd finds support from accumulated volume at $0.340 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 $0.0269 between high and low, or 7.91%. For the last week, the stock has had daily average volatility of 7.02%.

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

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

For the upcoming trading day on Monday, 1st we expect Charles & Colvard Ltd to open at $0.349, and during the day (based on 14 day Average True Range), to move between $0.311 and $0.371, which gives a possible trading interval of +/-$0.0300 (+/-8.81%) up or down from last closing price. If Charles & Colvard Ltd takes out the full calculated possible swing range there will be an estimated 17.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.340 (0.29%) than the resistance at $0.352 (3.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Charles & Colvard Ltd stock A Buy?

Charles & Colvard Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.009 Sell Candidate Unchanged

Predicted Opening Price for Charles & Colvard Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.349 ( 2.43%) $0.341

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

Trading levels for CTHR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.376 10.32 %
R2 0.366 7.31 %
R1 0.360 5.45 %
Current price: 0.341
Support S1 0.339 -0.579 %
S2 0.333 -2.44 %
S3 0.322 -5.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.377 10.53 %
R2 0.359 5.28 %
R1 0.352 3.08 %
Current price 0.341
Support S1 0.340 -0.293%
S2 0.339 -0.733%
S3 0.316 -7.33%

CTHR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 24, 2007 May 29, 2007 Jun 15, 2007 $0.0800 1.66%
2 Apr 18, 2006 May 26, 2006 Jun 15, 2006 $0.0800 0.773%
3 May 25, 2005 Jun 28, 2005 Jul 15, 2005 $0.0400 0.193%

FAQ

What is the symbol for Charles & Colvard Ltd Stock and on which exchange is it traded?
The symbol for Charles & Colvard Ltd is CTHR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Charles & Colvard Ltd Stock?
Charles & Colvard Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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

What's the current price of Charles & Colvard Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Charles & Colvard Ltd (CTHR) share was $0.341.

What is the 52-week high and low for Charles & Colvard Ltd Stock?
The 52-week high for Charles & Colvard Ltd Stock is $1.26 and the 52-week low is $0.285.

What is the market capitalization of Charles & Colvard Ltd Stock?
As of the 2024-03-28, the market capitalization of Charles & Colvard Ltd is 10.348M.

When is the next earnings date for Charles & Colvard Ltd?
The upcoming earnings date for Charles & Colvard Ltd is May 02, 2024.
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About Charles & Colvard Ltd

Charles & Colvard Ltd Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company manufactures, markets, and distributes moissanite jewels and finished moissanite jewelry under the Charles & Colvard Created Moissanite brand; and premium moissanite gemstones under the Forever One brand name. It also markets and distributes lab grown diamonds, and finished jewelry with lab grown diamonds under the Caydia brand. The co... CTHR Profile

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