HHGregg Inc Fund 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
HHGregg Inc fund price down 0% on Monday
(Updated on Mar 06, 2017)
No changes to the price of HHGregg Inc fund on the last trading day (Monday, 6th Mar 2017). During the last trading day the fund fluctuated 0% from a day low at $0.230 to a day high of $0.230. The price has fallen in 5 of the last 10 days and is down by -50.6% for this period.
The fundhas broken the narrow and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0900, a level that may pose a second chance to hit a runner. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HGG Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, February 15, 2017, and so far it has fallen -46.50%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HHGregg Inc fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.233 and $0.485. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for HHGregg Inc fund
There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
HHGregg Inc is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HGG) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect HHGregg Inc to open at $0.230, and during the day (based on 14 day Average True Range), to move between $0.179 and $0.281, which gives a possible trading interval of +/-$0.0510 (+/-22.17%) up or down from last closing price. If HHGregg Inc takes out the full calculated possible swing range there will be an estimated 44.33% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.251, some $0.0214 (9.30%) from the current price of $0.230, our system finds the risk reward not very attractive.
Is HHGregg Inc fund A Buy?
HHGregg Inc holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.
Current score: -4.280 Sell Candidate Unchanged
Predicted Opening Price for HHGregg Inc of Tuesday, March 7, 2017
Fair opening price March 7, 2017 | Current price |
---|---|
$0.230 ( 0%) | $0.230 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HGG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.230 | . | |
R2 | 0.230 | . | ||
R1 | 0.230 | . | ||
Current price: | 0.230 | |||
Support | S1 | 0.230 | . | |
S2 | 0.230 | . | ||
S3 | 0.230 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0.251 | 9.30 % | ||
Current price | 0.230 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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