Gear4Music (Holdings) Plc 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
Gear4Music (Holdings) Plc stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)
No changes to the price of Gear4Music (Holdings) Plc stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 3.45% from a day low at £145.00 to a day high of £150.00. The price has been going up and down for this period, and there has been a 5.84% gain for the last 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Gear4Music (Holdings) Plc stock with a 90% probability to be traded between £132.63 and £150.76 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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G4M.L Signals & Forecast
The Gear4Music (Holdings) Plc 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 £147.00. On a fall, the stock will find some support from the long-term average at approximately £140.34. 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. 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 Wednesday, April 24, 2024, and so far it has fallen -5.23%. 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 Gear4Music (Holdings) Plc stock
Gear4Music (Holdings) Plc finds support from accumulated volume at £142.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £5.00 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 4.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (G4M.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Gear4Music (Holdings) Plc to open at £146.67, and during the day (based on 14 day Average True Range), to move between £140.02 and £149.98, which gives a possible trading interval of +/-£4.98 (+/-3.43%) up or down from last closing price. If Gear4Music (Holdings) Plc takes out the full calculated possible swing range there will be an estimated 6.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £146.00 (0.69%) than the support at £142.50 (1.72%), 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 Gear4Music (Holdings) Plc stock A Buy?
Gear4Music (Holdings) Plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -2.179 Sell Candidate Downgraded
Predicted Opening Price for Gear4Music (Holdings) Plc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £146.67 ( 1.15%) | £145.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for G4M.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 151.67 | 4.60 % | |
| R2 | 149.76 | 3.28 % | ||
| R1 | 148.58 | 2.47 % | ||
| Current price: | 145.00 | |||
| Support | S1 | 144.76 | -0.168 % | |
| S2 | 143.58 | -0.98 % | ||
| S3 | 141.67 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.00 | 5.52 % | |
| R2 | 150.00 | 3.45 % | ||
| R1 | 146.00 | 0.690 % | ||
| Current price | 145.00 | |||
| Support | S1 | 142.50 | -1.72% | |
| S2 | 142.00 | -2.07% | ||
| S3 | 137.00 | -5.52% |
FAQ
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