HUB Cyber Security (Israel) Ltd. 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 HUB Cyber Security (Israel) Ltd. stock price on Friday moving 15.12% between high and low
(Updated on May 17, 2024)
The HUB Cyber Security (Israel) Ltd. stock price gained 10.25% on the last trading day (Friday, 17th May 2024), rising from $0.80 to $0.88. During the last trading day the stock fluctuated 15.12% from a day low at $0.782 to a day high of $0.90. The price has fallen in 6 of the last 10 days and is down by -10.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 589 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $1.28 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.792 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.55% during the next 3 months and, with a 90% probability hold a price between $0.708 and $1.67 at the end of this 3-month period.
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HUBC Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 10.37%. Further rise is indicated until a new top pivot has been found. HUB Cyber Security (Israel) Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HUB Cyber Security (Israel) Ltd. 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 $1.11. On a fall, the stock will find some support from the short-term average at $0.86. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for HUB Cyber Security (Israel) Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.80 and $0.799. 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, HUB Cyber Security (Israel) Ltd. finds support just below today's level at $0.80. If this is broken, then the next support from accumulated volume will be at $0.799 and $0.719.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.118 between high and low, or 15.12%. For the last week, the stock has had daily average volatility of 10.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HUBC) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect HUB Cyber Security (Israel) Ltd. to open at $0.85, and during the day (based on 14 day Average True Range), to move between $0.729 and $1.03, which gives a possible trading interval of +/-$0.153 (+/-17.29%) up or down from last closing price. If HUB Cyber Security (Israel) Ltd. takes out the full calculated possible swing range there will be an estimated 34.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.95 (7.71%) than the support at $0.80 (9.30%), 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 HUB Cyber Security (Israel) Ltd. stock A Buy?
HUB Cyber Security (Israel) Ltd. 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.
Current score: -3.272 Sell Candidate Unchanged
Predicted Opening Price for HUB Cyber Security (Israel) Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.85 ( 3.11%) | $0.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUBC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.97 | 10.29 % | |
| R2 | 0.93 | 5.18 % | ||
| R1 | 0.90 | 2.01 % | ||
| Current price: | 0.88 | |||
| Support | S1 | 0.81 | -8.23 % | |
| S2 | 0.782 | -11.39 % | ||
| S3 | 0.736 | -16.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.04 | 17.91 % | |
| R2 | 1.01 | 14.51 % | ||
| R1 | 0.95 | 7.71 % | ||
| Current price | 0.88 | |||
| Support | S1 | 0.80 | -9.30% | |
| S2 | 0.799 | -9.40% | ||
| S3 | 0.719 | -18.48% |
FAQ
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