DRONE GUARDER 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
Big movements in DRONE GUARDER INC stock price on Friday moving 100.00% between high and low
(Updated on May 17, 2024)
No changes to the price of DRONE GUARDER INC stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 100.00% from a day low at $0.0002 to a day high of $0.0004. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0004, a level that may pose a second chance to hit a runner. According to fan-theory $0.0006 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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DRNG Signals & Forecast
The DRONE GUARDER INC 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 $0.0003 and $0.0003. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for DRONE GUARDER INC stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0004 and $0.0003. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0003 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 100.00%. For the last week, the stock has had daily average volatility of 80.00%.
Our recommended stop-loss: $0.0004 (-4.00%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DRNG) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect DRONE GUARDER INC to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0003 and $0.0005, which gives a possible trading interval of +/-$0.0001 (+/-28.54%) up or down from last closing price. If DRONE GUARDER INC takes out the full calculated possible swing range there will be an estimated 57.09% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0004, some $0.00005 (12.50%) from the current price of $0.0004, our system finds the risk reward attractive.
Is DRONE GUARDER INC stock A Buy?
DRONE GUARDER INC 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: 0.348 Hold/Accumulate Unchanged
Predicted Opening Price for DRONE GUARDER INC of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$0.0003 ( 16.67%) | $0.0004 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRNG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0005 | 33.33 % | |
R2 | 0.0005 | 14.23 % | ||
R1 | 0.0004 | 2.43 % | ||
Current price: | 0.0004 | |||
Support | S1 | 0.0003 | -35.77 % | |
S2 | 0.0002 | -47.57 % | ||
S3 | 0.0001 | -66.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.0004 | |||
Support | S1 | 0.0004 | -12.50% | |
S2 | 0.0003 | -15.00% | ||
S3 | 0 | . |
FAQ
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