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 EGLE
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Eagle Bulk Shipping stock price up 1.21% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 05, 2024 Gain 13.59% PDF

The Eagle Bulk Shipping stock price gained 1.21% on the last trading day (Wednesday, 27th Mar 2024), rising from $62.20 to $62.95. During the last trading day the stock fluctuated 1.70% from a day low at $61.90 to a day high of $62.95. The price has been going up and down for this period, and there has been a -0.4% loss for the last 2 weeks. Volume fell on the last day by -605 shares and in total, 124 thousand shares were bought and sold for approximately $7.81 million. 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 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 20.80% during the next 3 months and, with a 90% probability hold a price between $73.26 and $78.63 at the end of this 3-month period.

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EGLE Signals & Forecast

A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -2.46%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Eagle Bulk Shipping 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 $63.03. On a fall, the stock will find some support from the long-term average at approximately $60.81. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Eagle Bulk Shipping stock

Eagle Bulk Shipping finds support from accumulated volume at $61.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.05 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 2.33%.

Our recommended stop-loss: $60.19 (-4.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (EGLE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Eagle Bulk Shipping Inc. to open at $62.60, and during the day (based on 14 day Average True Range), to move between $61.29 and $64.61, which gives a possible trading interval of +/-$1.66 (+/-2.63%) up or down from last closing price. If Eagle Bulk Shipping Inc. takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $62.98 (0.05%) than the support at $61.00 (3.10%), 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 Eagle Bulk Shipping Inc. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 3.040 Buy Candidate Unchanged

Predicted Opening Price for Eagle Bulk Shipping Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$62.60 ( 0.556%) $62.95

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

Trading levels for EGLE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 63.65 1.11 %
R2 63.25 0.475 %
R1 63.00 0.0812 %
Current price: 62.95
Support S1 62.20 -1.19 %
S2 61.95 -1.59 %
S3 61.55 -2.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 64.42 2.34 %
R2 63.55 0.95 %
R1 62.98 0.0477 %
Current price 62.95
Support S1 61.00 -3.10%
S2 57.20 -9.13%
S3 54.86 -12.85%

EGLE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 12, 2024 Mar 12, 2024 Mar 21, 2024 $0.600 0.94%
2 Nov 02, 2023 Nov 13, 2023 Nov 22, 2023 $0.100 0.233%
3 Aug 03, 2023 Aug 15, 2023 Aug 24, 2023 $0.580 1.38%
4 May 04, 2023 May 16, 2023 May 25, 2023 $0.100 0.243%
5 Mar 02, 2023 Mar 14, 2023 Mar 23, 2023 $0.600 1.28%

FAQ

What is the symbol for Eagle Bulk Shipping Stock and on which exchange is it traded?
The symbol for Eagle Bulk Shipping is EGLE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Eagle Bulk Shipping Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy Eagle Bulk Shipping Stock?
Eagle Bulk Shipping Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eagle Bulk Shipping Stock.

What's the current price of Eagle Bulk Shipping Stock?
As of the end of day on the 2024-03-27, the price of an Eagle Bulk Shipping (EGLE) share was $62.95.

What is the 52-week high and low for Eagle Bulk Shipping Stock?
The 52-week high for Eagle Bulk Shipping Stock is $65.09 and the 52-week low is $39.16.

What is the market capitalization of Eagle Bulk Shipping Stock?
As of the 2024-03-27, the market capitalization of Eagle Bulk Shipping is 697.039M.

When is the next earnings date for Eagle Bulk Shipping?
The upcoming earnings date for Eagle Bulk Shipping is May 02, 2024.
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About Eagle Bulk Shipping Inc.

Eagle Bulk Shipping Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, cement, and forest products. It serves miners, producers, traders, and end users. As of December 31, 2021, the company owned and operated a fleet of 53 vessels. Eagle Bulk Shipping Inc. wa... EGLE Profile

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