Edgewater Wireless Systems 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
Edgewater Wireless Systems Inc. stock upgraded to Hold/Accumulate.
(Updated on May 23, 2024)
The Edgewater Wireless Systems Inc. stock price gained 3.43% on the last trading day (Thursday, 23rd May 2024), rising from $0.0350 to $0.0362. During the last trading day the stock fluctuated 0% from a day low at $0.0362 to a day high of $0.0362. The price has risen in 5 of the last 10 days and is up by 3.43% over the past 2 weeks. Volume fell on the last day by -559 shares and in total, 10 thousand shares were bought and sold for approximately $352.62 . 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 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 -2.70% during the next 3 months and, with a 90% probability hold a price between $0.0226 and $0.0389 at the end of this 3-month period.
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KPIFF Signals & Forecast
The Edgewater Wireless Systems Inc. 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 $0.0359 and $0.0314. 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 Tuesday, May 21, 2024, and so far it has fallen -9.50%. 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 Edgewater Wireless Systems Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0320 and $0.0300. 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, Edgewater Wireless Systems Inc. finds support just below today's level at $0.0320. If this is broken, then the next support from accumulated volume will be at $0.0300 and $0.0294.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: $0.0343 (-5.32%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (KPIFF) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Edgewater Wireless Systems Inc. to open at $0.0362, and during the day (based on 14 day Average True Range), to move between $0.0322 and $0.0402, which gives a possible trading interval of +/-$0.0040 (+/-10.91%) up or down from last closing price. If Edgewater Wireless Systems Inc. takes out the full calculated possible swing range there will be an estimated 21.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0377 (4.14%) than the support at $0.0320 (11.60%), 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 Edgewater Wireless Systems Inc. stock A Buy?
Edgewater Wireless Systems Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.697 Hold/Accumulate Upgraded
Predicted Opening Price for Edgewater Wireless Systems Inc. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $0.0362 ( 0%) | $0.0362 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KPIFF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0362 | . | |
| R2 | 0.0362 | . | ||
| R1 | 0.0362 | . | ||
| Current price: | 0.0362 | |||
| Support | S1 | 0.0362 | . | |
| S2 | 0.0362 | . | ||
| S3 | 0.0362 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0387 | 7.02 % | |
| R2 | 0.0387 | 6.92 % | ||
| R1 | 0.0377 | 4.14 % | ||
| Current price | 0.0362 | |||
| Support | S1 | 0.0320 | -11.60% | |
| S2 | 0.0300 | -17.13% | ||
| S3 | 0.0294 | -18.78% |
FAQ
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