Esterline Technologies Corporation 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
Red day on Monday for Esterline Technologies Corporation
(Updated on Apr 29, 2019)
No changes to the price of Esterline Technologies Corporation stock on the last trading day (Monday, 29th Apr 2019). During the last trading day the stock fluctuated 0% from a day low at $122.49 to a day high of $122.49. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Esterline Technologies Corporation stock with a 90% probability to be traded between $123.01 and $123.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ESL Signals & Forecast
The Esterline Technologies Corporation 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 $122.49 and $122.17. A breakdown below any of these levels will issue sell signals. 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 Tuesday, March 12, 2019, and so far it has fallen -0.0082%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Esterline Technologies Corporation stock
Esterline Technologies Corporation finds support from accumulated volume at $121.86 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0%
The Esterline Technologies Corporation stock is extremely overbought on RSI14 (98). This increases the short-term risk substantially.
Our recommended stop-loss: $118.76 (-3.04%) (This stock has low daily movements and this gives low risk. The RSI14 is 98 and this increases the risk substantially. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (ESL) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Esterline Technologies Corporation to open at $122.49, and during the day (based on 14 day Average True Range), to move between $122.39 and $122.59, which gives a possible trading interval of +/-$0.0997 (+/-0.08%) up or down from last closing price. If Esterline Technologies Corporation takes out the full calculated possible swing range there will be an estimated 0.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $122.50 (0.01%) than the support at $121.86 (0.51%), 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 Esterline Technologies Corporation stock A Buy?
Esterline Technologies Corporation 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: 0.963 Hold/Accumulate Unchanged
Predicted Opening Price for Esterline Technologies Corporation of Tuesday, April 30, 2019
Fair opening price April 30, 2019 | Current price |
---|---|
$122.49 ( 0%) | $122.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 122.49 | . | |
R2 | 122.49 | . | ||
R1 | 122.49 | . | ||
Current price: | 122.49 | |||
Support | S1 | 122.49 | . | |
S2 | 122.49 | . | ||
S3 | 122.49 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 122.50 | 0.0082 % | ||
Current price | 122.49 | |||
Support | S1 | 121.86 | -0.514% | |
S2 | 121.84 | -0.531% | ||
S3 | 121.70 | -0.645% |
FAQ
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