Illusion Systems 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
High volatility in Illusion Systems stock price on Tuesday which ended trading at $0.0096
(Updated on Apr 23, 2024)
The Illusion Systems stock price gained 2.13% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.0094 to $0.0096. During the last trading day the stock fluctuated 13.64% from a day low at $0.0088 to a day high of $0.0100. The price has fallen in 6 of the last 10 days and is down by -17.95% for this period. Volume fell on the last day by -466 thousand shares and in total, 3 million shares were bought and sold for approximately $25.57 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.0093 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -28.50% during the next 3 months and, with a 90% probability hold a price between $0.0066 and $0.0138 at the end of this 3-month period.
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ILUS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 2.13%. 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 Illusion Systems 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 $0.0104 and $0.0117. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Illusion Systems stock
Illusion Systems finds support from accumulated volume at $0.0094 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0012 between high and low, or 13.64%. For the last week the stock has had daily average volatility of 12.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ILUS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Illusion Systems Inc to open at $0.0095, and during the day (based on 14 day Average True Range), to move between $0.0083 and $0.0109, which gives a possible trading interval of +/-$0.0013 (+/-13.33%) up or down from last closing price. If Illusion Systems Inc takes out the full calculated possible swing range there will be an estimated 26.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0094 (2.08%) than the resistance at $0.0110 (14.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Illusion Systems Inc stock A Buy?
Illusion Systems holds several negative signals and is within a very wide 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 stock.
Current score: -5.367 Strong Sell Candidate Unchanged
Predicted Opening Price for Illusion Systems Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.0095 ( 1.39%) | $0.0096 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ILUS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0107 | 11.11 % | |
| R2 | 0.0102 | 6.34 % | ||
| R1 | 0.0099 | 3.39 % | ||
| Current price: | 0.0096 | |||
| Support | S1 | 0.0090 | -6.16 % | |
| S2 | 0.0087 | -9.11 % | ||
| S3 | 0.0083 | -13.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0117 | 21.88 % | |
| R2 | 0.0115 | 19.79 % | ||
| R1 | 0.0110 | 14.58 % | ||
| Current price | 0.0096 | |||
| Support | S1 | 0.0094 | -2.08% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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