DNA Brands, Inc. 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
On Friday, DNA Brands, Inc. stock price gained an impressive 11.11%
(Updated on May 17, 2024)
The DNA Brands, Inc. stock price gained 11.11% on the last trading day (Friday, 17th May 2024), rising from $0.0005 to $0.0005. During the last trading day the stock fluctuated 0% from a day low at $0.0005 to a day high of $0.0005. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -220 thousand shares and in total, 10 thousand shares were bought and sold for approximately $4.92 . 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.
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 -31.27% during the next 3 months and, with a 90% probability hold a price between $0.0002 and $0.0005 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DNAX Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 25.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The DNA Brands, Inc. 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 $0.0005. On a fall, the stock will find some support from the short-term average at $0.0005. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for DNA Brands, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0005 and $0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0004 may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 16.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DNAX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect DNA Brands, Inc. to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0006, which gives a possible trading interval of +/-$0.00008030 (+/-16.06%) up or down from last closing price. If DNA Brands, Inc. takes out the full calculated possible swing range there will be an estimated 32.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0005 (10.00%) than the resistance at $0.0006 (15.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is DNA Brands, Inc. stock A Buy?
DNA Brands, Inc. 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 stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.439 Sell Candidate Upgraded
Predicted Opening Price for DNA Brands, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0005 ( 0%) | $0.0005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNAX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0005 | . | |
| R2 | 0.0005 | . | ||
| R1 | 0.0005 | . | ||
| Current price: | 0.0005 | |||
| Support | S1 | 0.0005 | . | |
| S2 | 0.0005 | . | ||
| S3 | 0.0005 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0006 | 20.00 % | ||
| R1 | 0.0006 | 15.00 % | ||
| Current price | 0.0005 | |||
| Support | S1 | 0.0005 | -10.00% | |
| S2 | 0.0004 | -20.00% | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy DNA Brands, Inc. Stock.
