New Concept Energy, 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
Big movements in New Concept Energy, Inc stock price on Friday moving 10.40% between high and low
(Updated on Apr 26, 2024)
The New Concept Energy, Inc stock price fell by -4.40% on the last day (Friday, 26th Apr 2024) from $1.32 to $1.26. During the last trading day the stock fluctuated 10.40% from a day low at $1.25 to a day high of $1.38. The price has fallen in 7 of the last 10 days but is still up by 5.01% over the past 2 weeks. Volume has increased on the last day by 80 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 101 thousand shares were bought and sold for approximately $127.15 thousand.
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 21.05% during the next 3 months and, with a 90% probability hold a price between $1.34 and $1.77 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GBR Signals & Forecast
The New Concept Energy, Inc 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 $1.30. On a fall, the stock will find some support from the long-term average at approximately $1.13. 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 Friday, April 19, 2024, and so far it has fallen -12.49%. Further fall is indicated until a new bottom pivot has been found. New Concept Energy, Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for New Concept Energy, Inc stock
New Concept Energy, Inc finds support from accumulated volume at $1.20 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.130 between high and low, or 10.40%. For the last week, the stock has had daily average volatility of 11.88%.
Our recommended stop-loss: $1.20 (-4.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (GBR) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect New Concept Energy, Inc to open at $1.30, and during the day (based on 14 day Average True Range), to move between $1.14 and $1.38, which gives a possible trading interval of +/-$0.124 (+/-9.88%) up or down from last closing price. If New Concept Energy, Inc takes out the full calculated possible swing range there will be an estimated 19.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.31 (3.97%) than the support at $1.20 (4.77%), 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 New Concept Energy, Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for New Concept Energy, Inc stock to perform well in the short-term.
Current score: 1.132 Buy Candidate Unchanged
Predicted Opening Price for New Concept Energy, Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $1.30 ( 2.91%) | $1.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.43 | 13.23 % | |
| R2 | 1.38 | 9.29 % | ||
| R1 | 1.35 | 6.85 % | ||
| Current price: | 1.26 | |||
| Support | S1 | 1.25 | -1.03 % | |
| S2 | 1.22 | -3.47 % | ||
| S3 | 1.17 | -7.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.44 | 14.28 % | |
| R2 | 1.33 | 5.55 % | ||
| R1 | 1.31 | 3.97 % | ||
| Current price | 1.26 | |||
| Support | S1 | 1.20 | -4.77% | |
| S2 | 1.19 | -5.56% | ||
| S3 | 1.03 | -18.25% |
FAQ
Click here for our free guide on how to buy New Concept Energy, Inc Stock.
