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 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DRRX
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High volatility in Durect Corporation stock price on Thursday which ended trading at $1.21
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 10, 2024 Gain 103.36% PDF

The Durect Corporation stock price fell by -9.70% on the last day (Thursday, 28th Mar 2024) from $1.34 to $1.21. During the last trading day the stock fluctuated 11.11% from a day low at $1.17 to a day high of $1.30. The price has fallen in 6 of the last 10 days and is down by -11.68% for this period. Volume has increased on the last day by 46 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 234 thousand shares were bought and sold for approximately $283.44 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 99.73% during the next 3 months and, with a 90% probability hold a price between $2.26 and $2.98 at the end of this 3-month period.

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DRRX Signals & Forecast

The Durect Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.26. On a fall, the stock will find some support from the long-term average at approximately $1.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -11.68%. Further fall is indicated until a new bottom pivot has been found. Durect Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Durect Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.06 and $1.02. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Durect Corporation finds support just below today's level at $1.06. If this is broken, then the next support from accumulated volume will be at $1.02 and $0.95.

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 $0.130 between high and low, or 11.11%. For the last week, the stock has had daily average volatility of 8.39%.

Our recommended stop-loss: $1.15 (-4.84%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Durect Corporation to open at $1.23, and during the day (based on 14 day Average True Range), to move between $1.10 and $1.32, which gives a possible trading interval of +/-$0.110 (+/-9.06%) up or down from last closing price. If Durect Corporation takes out the full calculated possible swing range there will be an estimated 18.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.29 (6.61%) than the support at $1.06 (12.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Durect Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Durect Corporation stock to perform well in the short-term.

Current score: 1.237 Buy Candidate Unchanged

Predicted Opening Price for Durect Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.23 ( 1.38%) $1.21

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

Trading levels for DRRX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.36 12.12 %
R2 1.31 8.02 %
R1 1.28 5.48 %
Current price: 1.21
Support S1 1.18 -2.73 %
S2 1.15 -5.26 %
S3 1.10 -9.37 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.37 13.22 %
R2 1.34 10.74 %
R1 1.29 6.61 %
Current price 1.21
Support S1 1.06 -12.40%
S2 1.02 -15.70%
S3 0.95 -21.90%

FAQ

What is the symbol for Durect Corporation Stock and on which exchange is it traded?
The symbol for Durect Corporation is DRRX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

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

How to buy Durect Corporation Stock?
Durect 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 Durect Corporation Stock.

What's the current price of Durect Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Durect Corporation (DRRX) share was $1.21.

What is the 52-week high and low for Durect Corporation Stock?
The 52-week high for Durect Corporation Stock is $7.46 and the 52-week low is $0.470.

What is the market capitalization of Durect Corporation Stock?
As of the 2024-03-28, the market capitalization of Durect Corporation is 36.093M.

When is the next earnings date for Durect Corporation?
The upcoming earnings date for Durect Corporation is May 13, 2024.
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About Durect Corporation

Durect DURECT Corporation, a biopharmaceutical company, researches and develops medicines based on its epigenetic regulator and pharmaceutical programs. The company offers ALZET product line that consists of osmotic pumps and accessories used for research in mice, rats, and other laboratory animals. It also develops larsucosterol (DUR-928), an endogenous, orally bioavailable small molecule that is in Phase IIb clinical trial to play a regulatory role in... DRRX Profile

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