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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 IRBT
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Red day on Wednesday for iRobot Corporation stock after losing 1.54%
(Updated on Apr 17, 2024)

Sell candidate since Apr 12, 2024 Loss -10.45% PDF

The iRobot Corporation stock price fell by -1.54% on the last day (Wednesday, 17th Apr 2024) from $7.14 to $7.03. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 8.57% from a day low at $7.00 to a day high of $7.60. The price has fallen in 6 of the last 10 days and is down by -13.74% 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 -698 thousand shares and in total, 1 million shares were bought and sold for approximately $10.39 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -51.48% during the next 3 months and, with a 90% probability hold a price between $2.64 and $4.50 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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IRBT 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 iRobot Corporation 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 $8.30 and $9.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -31.21%. 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 iRobot Corporation stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.600 between high and low, or 8.57%. For the last week, the stock has had daily average volatility of 8.78%.

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

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

For the upcoming trading day on Thursday, 18th we expect iRobot Corporation to open at $7.21, and during the day (based on 14 day Average True Range), to move between $6.21 and $7.85, which gives a possible trading interval of +/-$0.82 (+/-11.70%) up or down from last closing price. If iRobot Corporation takes out the full calculated possible swing range there will be an estimated 23.41% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $7.85, some $0.82 (11.66%) from the current price of $7.03, our system finds the risk reward not very attractive.

Is iRobot Corporation stock A Buy?

iRobot Corporation 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: -6.146 Strong Sell Candidate Unchanged

Predicted Opening Price for iRobot Corporation of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$7.21 ( 2.56%) $7.03

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

Trading levels for IRBT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.81 11.10 %
R2 7.58 7.83 %
R1 7.44 5.82 %
Current price: 7.03
Support S1 6.98 -0.700 %
S2 6.84 -2.71 %
S3 6.61 -5.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.70 23.76 %
R2 8.15 15.93 %
R1 7.85 11.66 %
Current price 7.03
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for iRobot Corporation Stock and on which exchange is it traded?
The symbol for iRobot Corporation is IRBT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell iRobot Corporation Stock?
iRobot Corporation 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.

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

What's the current price of iRobot Corporation Stock?
As of the end of day on the 2024-04-17, the price of an iRobot Corporation (IRBT) share was $7.03.

What is the 52-week high and low for iRobot Corporation Stock?
The 52-week high for iRobot Corporation Stock is $51.49 and the 52-week low is $7.00.

What is the market capitalization of iRobot Corporation Stock?
As of the 2024-04-17, the market capitalization of iRobot Corporation is 199.962M.

When is the next earnings date for iRobot Corporation?
The upcoming earnings date for iRobot Corporation is May 14, 2024.
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About iRobot Corporation

iRobot iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mop... IRBT Profile

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