5E Advanced Materials Inc. 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
5E Advanced Materials Inc. stock price ended at $1.50 on Friday, after gaining 4.17%.
(Updated on May 17, 2024)
The 5E Advanced Materials Inc. stock price gained 4.17% on the last trading day (Friday, 17th May 2024), rising from $1.44 to $1.50. During the last trading day the stock fluctuated 6.90% from a day low at $1.45 to a day high of $1.55. The price has risen in 6 of the last 10 days and is up by 7.91% 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, 17 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately $110.37 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.78% during the next 3 months and, with a 90% probability hold a price between $0.86 and $1.74 at the end of this 3-month period.
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FEAM Signals & Forecast
The 5E Advanced Materials 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 $1.48 and $1.30. 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). 5E Advanced Materials Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, February 28, 2024, and so far it has fallen -24.62%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for 5E Advanced Materials Inc. stock
5E Advanced Materials Inc. finds support from accumulated volume at $1.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.100 between high and low, or 6.90%. For the last week, the stock has had daily average volatility of 9.05%.
Our recommended stop-loss: $1.42 (-5.54%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 56 days ago.)
Trading Expectations (FEAM) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect 5E Advanced Materials Inc. to open at $1.50, and during the day (based on 14 day Average True Range), to move between $1.37 and $1.63, which gives a possible trading interval of +/-$0.129 (+/-8.62%) up or down from last closing price. If 5E Advanced Materials Inc. takes out the full calculated possible swing range there will be an estimated 17.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.48 (1.33%) than the resistance at $1.66 (10.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 5E Advanced Materials Inc. stock A Buy?
5E Advanced Materials Inc. 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: 0.385 Hold/Accumulate Unchanged
Predicted Opening Price for 5E Advanced Materials Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $1.50 ( 0%) | $1.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FEAM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.60 | 6.67 % | |
| R2 | 1.56 | 4.12 % | ||
| R1 | 1.54 | 2.55 % | ||
| Current price: | 1.50 | |||
| Support | S1 | 1.46 | -2.55 % | |
| S2 | 1.44 | -4.12 % | ||
| S3 | 1.40 | -6.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.86 | 24.00 % | |
| R2 | 1.81 | 20.67 % | ||
| R1 | 1.66 | 10.67 % | ||
| Current price | 1.50 | |||
| Support | S1 | 1.48 | -1.33% | |
| S2 | 1.26 | -16.00% | ||
| S3 | 1.20 | -20.00% |
FAQ
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