INVO Bioscience, Inc. 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
INVO Bioscience, Inc. stock downgraded to Strong Sell Candidate
(Updated on Jun 27, 2024)
The INVO Bioscience, Inc. stock price gained 3.98% on the last trading day (Thursday, 27th Jun 2024), rising from $0.84 to $0.87. During the last trading day the stock fluctuated 6.10% from a day low at $0.83 to a day high of $0.88. The price has risen in 6 of the last 10 days and is up by 14.34% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 62 thousand shares were bought and sold for approximately $53.57 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 $0.715 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.58% during the next 3 months and, with a 90% probability hold a price between $0.639 and $1.49 at the end of this 3-month period.
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INVO 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 INVO Bioscience, Inc. 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 $0.87 and $0.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -18.79%. Further fall is indicated until a new bottom pivot has been found. 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 INVO Bioscience, Inc. stock
INVO Bioscience, Inc. finds support from accumulated volume at $0.86 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 $0.0506 between high and low, or 6.10%. For the last week the stock has had daily average volatility of 11.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INVO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect INVO Bioscience, Inc. to open at $0.86, and during the day (based on 14 day Average True Range), to move between $0.772 and $0.97, which gives a possible trading interval of +/-$0.0970 (+/-11.17%) up or down from last closing price. If INVO Bioscience, Inc. takes out the full calculated possible swing range there will be an estimated 22.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.86 (1.04%) than the resistance at $0.95 (9.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is INVO Bioscience, Inc. stock A Buy?
INVO Bioscience, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.526 Strong Sell Candidate Downgraded
Predicted Opening Price for INVO Bioscience, Inc. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $0.86 ( 1.05%) | $0.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INVO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.91 | 4.77% |
| R2 | 0.89 | 2.55% |
| R1 | 0.88 | 1.17% |
| Price | 0.87 | |
| S1 | 0.84 | -3.28% |
| S2 | 0.83 | -4.65% |
| S3 | 0.81 | -6.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.00 | 15.07% |
| R2 | 0.98 | 12.78% |
| R1 | 0.95 | 9.01% |
| Price | 0.87 | |
| S1 | 0.86 | -1.04% |
| S2 | 0.84 | -3.34% |
| S3 | 0.780 | -10.24% |
FAQ
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