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 ETWO
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E2open Parent Holdings, Inc. stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 2.07% PDF

The E2open Parent Holdings, Inc. stock price gained 2.07% on the last trading day (Thursday, 28th Mar 2024), rising from $4.35 to $4.44. During the last trading day the stock fluctuated 2.88% from a day low at $4.35 to a day high of $4.47. The price has risen in 8 of the last 10 days and is up by 9.9% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 344 thousand more shares were traded than the day before. In total, 970 thousand shares were bought and sold for approximately $4.30 million.

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 10.01% during the next 3 months and, with a 90% probability hold a price between $4.24 and $5.31 at the end of this 3-month period.

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ETWO Signals & Forecast

The E2open Parent Holdings, 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 $4.32 and $4.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, January 16, 2024, and so far it has risen 27.22%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for E2open Parent Holdings, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.15 and $4.11. 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, E2open Parent Holdings, Inc. finds support just below today's level at $4.15. If this is broken, then the next support from accumulated volume will be at $4.11 and $4.05.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.125 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 3.39%.

Our recommended stop-loss: $4.27 (-3.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 51 days ago.)

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

For the upcoming trading day on Monday, 1st we expect E2open Parent Holdings, Inc. to open at $4.42, and during the day (based on 14 day Average True Range), to move between $4.27 and $4.61, which gives a possible trading interval of +/-$0.172 (+/-3.88%) up or down from last closing price. If E2open Parent Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 7.76% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $4.15, some $0.290 (6.53%) from the current price of $4.44, our system finds the risk reward attractive.

Is E2open Parent Holdings, Inc. stock A Buy?

E2open Parent Holdings, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.825 Strong Buy Candidate Upgraded

Predicted Opening Price for E2open Parent Holdings, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$4.42 ( 0.488%) $4.44

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

Trading levels for ETWO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.54 2.33 %
R2 4.50 1.25 %
R1 4.47 0.587 %
Current price: 4.44
Support S1 4.37 -1.56 %
S2 4.34 -2.23 %
S3 4.29 -3.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 4.44
Support S1 4.15 -6.53%
S2 4.11 -7.43%
S3 4.05 -8.78%

FAQ

What is the symbol for E2open Parent Holdings, Inc. Stock and on which exchange is it traded?
The symbol for E2open Parent Holdings, Inc. is ETWO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell E2open Parent Holdings, Inc. Stock?
E2open Parent Holdings, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy E2open Parent Holdings, Inc. Stock?
E2open Parent Holdings, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy E2open Parent Holdings, Inc. Stock.

What's the current price of E2open Parent Holdings, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an E2open Parent Holdings, Inc. (ETWO) share was $4.44.

What is the 52-week high and low for E2open Parent Holdings, Inc. Stock?
The 52-week high for E2open Parent Holdings, Inc. Stock is $6.90 and the 52-week low is $2.15.

What is the market capitalization of E2open Parent Holdings, Inc. Stock?
As of the 2024-03-28, the market capitalization of E2open Parent Holdings, Inc. is 1.359B.

When is the next earnings date for E2open Parent Holdings, Inc.?
The upcoming earnings date for E2open Parent Holdings, Inc. is Apr 29, 2024.
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About E2open Parent Holdings, Inc.

E2open Parent Holdings. E2open Parent Holdings, Inc. provides cloud-based and end-to-end supply chain management SaaS platform in the Americas, Europe, and the Asia Pacific. The company's software solutions orchestrate supply chains and realize value and return on investment for its blue-chip customers. Its software combines networks, data, and applications to provide a platform that allows customers to optimize their supply chain across channel shaping, demand sensing,... ETWO Profile

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