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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 HQY
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HealthEquity stock price down 0.498% on Wednesday
(Updated on Apr 17, 2024)

Sell candidate since Apr 11, 2024 Loss -0.77% PDF

The HealthEquity stock price fell by -0.498% on the last day (Wednesday, 17th Apr 2024) from $80.27 to $79.87. During the last trading day the stock fluctuated 2.68% from a day low at $79.72 to a day high of $81.86. The price has fallen in 6 of the last 10 days and is down by -0.04% for this period. 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 -98 thousand shares and in total, 420 thousand shares were bought and sold for approximately $33.58 million.

The stock lies in the middle of a weak 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 5.90% during the next 3 months and, with a 90% probability hold a price between $82.41 and $90.07 at the end of this 3-month period.

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HQY Signals & Forecast

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. The HealthEquity stock 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 $80.09 and $80.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -4.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for HealthEquity stock

HealthEquity finds support from accumulated volume at $77.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.14 between high and low, or 2.68%. For the last week the stock has had daily average volatility of 2.01%.

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

Trading Expectations (HQY) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect HealthEquity to open at $80.48, and during the day (based on 14 day Average True Range), to move between $77.83 and $81.91, which gives a possible trading interval of +/-$2.04 (+/-2.55%) up or down from last closing price. If HealthEquity takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $81.05 (1.48%) than the support at $77.32 (3.19%), 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 HealthEquity stock A Buy?

The HealthEquity stock holds several negative signals and despite the positive trend, we believe HealthEquity will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.892 Sell Candidate Unchanged

Predicted Opening Price for HealthEquity of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$80.48 ( 0.768%) $79.87

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

Trading levels for HQY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 82.62 3.45 %
R2 81.81 2.42 %
R1 81.30 1.79 %
Current price: 79.87
Support S1 79.67 -0.256 %
S2 79.16 -0.89 %
S3 78.34 -1.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 81.63 2.20 %
R2 81.36 1.87 %
R1 81.05 1.48 %
Current price 79.87
Support S1 77.32 -3.19%
S2 76.54 -4.17%
S3 73.16 -8.40%

FAQ

What is the symbol for HealthEquity Stock and on which exchange is it traded?
The symbol for HealthEquity is HQY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell HealthEquity Stock?
The HealthEquity stock holds several negative signals and despite the positive trend, we believe HealthEquity will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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

What's the current price of HealthEquity Stock?
As of the end of day on the 2024-04-17, the price of an HealthEquity (HQY) share was $79.87.

What is the 52-week high and low for HealthEquity Stock?
The 52-week high for HealthEquity Stock is $84.49 and the 52-week low is $48.86.

What is the market capitalization of HealthEquity Stock?
As of the 2024-04-17, the market capitalization of HealthEquity is 6.881B.

When is the next earnings date for HealthEquity?
The upcoming earnings date for HealthEquity is Jun 03, 2024.
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About HealthEquity

HealthEquity HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts. It also provi... HQY Profile

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