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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 EDE.AX
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Evaluation of Eden Innovations Ltd stock downgraded after the last trading session.
(Updated on Jun 25, 2024)

Sell candidate since Jun 25, 2024 PDF

No changes to the price of Eden Innovations Ltd stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0020 to a day high of $0.0020. The price has been going up and down for this period, and there has been a 100% gain for the last 2 weeks.

The stock lies in the middle of a very wide and weak 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 2.30% during the next 3 months and, with a 90% probability hold a price between $0.0010 and $0.0031 at the end of this 3-month period.

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EDE.AX Signals & Forecast

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 Monday, June 24, 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).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should go up by 0% to $0.0020 within 32 trading days since signal was issued (Thursday, July 25, 2024).

Support, Risk & Stop-loss for Eden Innovations Ltd 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.

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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 40.00%.

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

Trading Expectations (EDE.AX) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Eden Innovations Ltd to open at $0.0020, and during the day (based on 14 day Average True Range), to move between $0.0014 and $0.0026, which gives a possible trading interval of +/-$0.0006 (+/-30.85%) up or down from last closing price. If Eden Innovations Ltd takes out the full calculated possible swing range there will be an estimated 61.69% move between the lowest and the highest trading price during the day.

Is Eden Innovations Ltd stock A Buy?

The Eden Innovations Ltd stock holds several negative signals and despite the positive trend, we believe Eden Innovations Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.185 Sell Candidate Downgraded

Predicted Opening Price for Eden Innovations Ltd of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
$0.0020 ( 0%) $0.0020

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

Trading levels for EDE.AX

Fibonacci Support & Resistance Levels

Level Price
R3 0.0020 -
R2 0.0020 -
R1 0.0020 -
Price 0.0020
S1 0.0020 -
S2 0.0020 -
S3 0.0020 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 0.0020
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Eden Innovations Ltd Stock and on which exchange is it traded?
The symbol for Eden Innovations Ltd is EDE.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Eden Innovations Ltd Stock?
The Eden Innovations Ltd stock holds several negative signals and despite the positive trend, we believe Eden Innovations Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Eden Innovations Ltd Stock?
Eden Innovations 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 Eden Innovations Ltd Stock.

What's the current price of Eden Innovations Ltd Stock?
As of the end of day on the Jun 25, 2024, the price of an Eden Innovations Ltd (EDE.AX) share was $0.0020.

What is the 52-week high and low for Eden Innovations Ltd Stock?
The 52-week high for Eden Innovations Ltd Stock is $0.0050 and the 52-week low is $0.0010.

What is the market capitalization of Eden Innovations Ltd Stock?
As of the Jun 25, 2024, the market capitalization of Eden Innovations Ltd is 7.357M.

When is the next earnings date for Eden Innovations Ltd?
The upcoming earnings date for Eden Innovations Ltd is Jul 17, 2024.
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About Eden Innovations Ltd

Eden Innovations Ltd Eden Innovations Ltd provides various clean technology solutions. The company develops, manufactures, and sells EdenCrete, a carbon nanotube enriched admixture for concrete; OptiBlend, a retrofit dual-fuel technology for diesel generator sets; and EdenPlast, a CNT enriched polypropylene tape made by conventional extrusion process. Its other technologies include the pyrolysis process, a technology to produce carbon nanotube and carbon nanofibre, a... EDE.AX Profile

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