Jones Soda Company 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
Jones Soda Company stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Jones Soda Company stock price gained 0.130% on the last trading day (Friday, 3rd May 2024), rising from $0.250 to $0.250. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.200% from a day low at $0.250 to a day high of $0.250. The price has been going up and down for this period, and there has been a 7.45% gain for the last 2 weeks. Volume fell on the last day by -60 thousand shares and in total, 80 thousand shares were bought and sold for approximately $20.06 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 middle of a very wide and 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 6.79% during the next 3 months and, with a 90% probability hold a price between $0.174 and $0.315 at the end of this 3-month period.
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JSDA Signals & Forecast
The Jones Soda Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.235 and $0.226. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -10.78%. 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. The stock had a Golden Star Signal on Friday, April 26, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 26, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Jones Soda Company stock
Jones Soda Company finds support from accumulated volume at $0.239 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0005 between high and low, or 0.200%. For the last week the stock has had daily average volatility of 4.22%.
Our recommended stop-loss: $0.237 (-4.94%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (JSDA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jones Soda Company to open at $0.250, and during the day (based on 14 day Average True Range), to move between $0.237 and $0.263, which gives a possible trading interval of +/-$0.0129 (+/-5.17%) up or down from last closing price. If Jones Soda Company takes out the full calculated possible swing range there will be an estimated 10.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.254 (1.67%) than the support at $0.239 (4.33%), 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 Jones Soda Company stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Jones Soda Company stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.392 Buy Candidate Downgraded
Predicted Opening Price for Jones Soda Company of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.250 ( 0.0200%) | $0.250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSDA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.250 | 0.180 % | |
| R2 | 0.250 | 0.104 % | ||
| R1 | 0.250 | 0.0564 % | ||
| Current price: | 0.250 | |||
| Support | S1 | 0.250 | -0.0965 % | |
| S2 | 0.249 | -0.144 % | ||
| S3 | 0.249 | -0.220 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.276 | 10.28 % | |
| R2 | 0.260 | 4.07 % | ||
| R1 | 0.254 | 1.67 % | ||
| Current price | 0.250 | |||
| Support | S1 | 0.239 | -4.33% | |
| S2 | 0.230 | -7.94% | ||
| S3 | 0.215 | -13.94% |
FAQ
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