HollyGold USD 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 HollyGold USD stock price on Friday moving 24.57% between high and low
(Updated on Jun 28, 2024)
The HollyGold USD stock price fell by -0.334% on the last day (Friday, 28th Jun 2024) from $0.252 to $0.251. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 24.57% from a day low at $0.201 to a day high of $0.251. The price has fallen in 7 of the last 10 days but is still up by 49.85% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -440 shares and in total, 112 shares were bought and sold for approximately $28.08 .
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 27.60% during the next 3 months and, with a 90% probability hold a price between $0.0953 and $0.493 at the end of this 3-month period.
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HGOLDUSD Signals & Forecast
The HollyGold USD 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 $0.228 and $0.115. 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). 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 Tuesday, June 25, 2024, and so far it has fallen -34.62%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for HollyGold USD stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.189. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0495 between high and low, or 24.57%. For the last week the stock has had daily average volatility of 32.54%.
Our recommended stop-loss: $0.236 (-5.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (HGOLDUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect HollyGold USD to open at $0.234, and during the day (based on 14 day Average True Range), to move between $0.197 and $0.304, which gives a possible trading interval of +/-$0.0535 (+/-21.35%) up or down from last closing price. If HollyGold USD takes out the full calculated possible swing range there will be an estimated 42.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.252 (0.33%) than the support at $0.189 (24.46%), 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 HollyGold USD 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 HollyGold USD stock to perform well in the short-term.
Current score: 3.783 Buy Candidate Unchanged
Predicted Opening Price for HollyGold USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.234 ( 6.54%) | $0.251 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HGOLDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.284 | 13.20% |
| R2 | 0.265 | 5.66% |
| R1 | 0.253 | 1.00% |
| Price | 0.251 | |
| S1 | 0.215 | -14.08% |
| S2 | 0.204 | -18.74% |
| S3 | 0.185 | -26.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.252 | 0.654% |
| R1 | 0.252 | 0.335% |
| Price | 0.251 | |
| S1 | 0.189 | -24.46% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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