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 HALL
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Hallmark Financial Services stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

No changes to the price of Hallmark Financial Services stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $0.82 to a day high of $0.82. The price has fallen in 4 of the last 10 days and is down by -3.53% for this period.

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 -10.58% during the next 3 months and, with a 90% probability hold a price between $0.499 and $1.02 at the end of this 3-month period.

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HALL Signals & Forecast

There are mixed signals in the stock today. The Hallmark Financial Services stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.85. On a fall, the stock will find some support from the short-term average at $0.786. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, January 11, 2024 and based on theory for this formation the price should fall by -67.98% to $0.263 within 7 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for Hallmark Financial Services stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.697 and $0.690. 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, Hallmark Financial Services finds support just below today's level at $0.697. If this is broken, then the next support from accumulated volume will be at $0.690 and $0.680.

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 2.68%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HALL) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Hallmark Financial Services to open at $0.82, and during the day (based on 14 day Average True Range), to move between $0.761 and $0.88, which gives a possible trading interval of +/-$0.0592 (+/-7.22%) up or down from last closing price. If Hallmark Financial Services takes out the full calculated possible swing range there will be an estimated 14.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.93 (13.55%) than the support at $0.697 (15.02%), 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 Hallmark Financial Services stock A Buy?

Hallmark Financial Services 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: -3.543 Sell Candidate Downgraded

Predicted Opening Price for Hallmark Financial Services of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.82 ( 0%) $0.82

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

Trading levels for HALL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.82 .
R2 0.82 .
R1 0.82 .
Current price: 0.82
Support S1 0.82 .
S2 0.82 .
S3 0.82 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.99 20.73 %
R2 0.95 15.85 %
R1 0.93 13.55 %
Current price 0.82
Support S1 0.697 -15.02%
S2 0.690 -15.85%
S3 0.680 -17.07%

FAQ

What is the symbol for Hallmark Financial Services Stock and on which exchange is it traded?
The symbol for Hallmark Financial Services is HALL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Hallmark Financial Services Stock?
Hallmark Financial Services 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.

How to buy Hallmark Financial Services Stock?
Hallmark Financial Services Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hallmark Financial Services Stock.

What's the current price of Hallmark Financial Services Stock?
As of the end of day on the 2024-03-27, the price of an Hallmark Financial Services (HALL) share was $0.82.

What is the 52-week high and low for Hallmark Financial Services Stock?
The 52-week high for Hallmark Financial Services Stock is $8.91 and the 52-week low is $0.567.

What is the market capitalization of Hallmark Financial Services Stock?
As of the 2024-03-27, the market capitalization of Hallmark Financial Services is 1.491M.

When is the next earnings date for Hallmark Financial Services?
The upcoming earnings date for Hallmark Financial Services is May 13, 2024.
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About Hallmark Financial Services

Hallmark Financial Services Hallmark Financial Services, Inc. underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company operates through Specialty Commercial, Standard Commercial, and Personal segments. The Specialty Commercial segment offers primary and excess commercial vehicle insurance products and services; primary and excess liability, excess public entity liability, and E&S pac... HALL Profile

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