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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 LOCO
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Weaker technical forecast for El Pollo Loco Holdings as stock downgraded to Sell Candidate.
(Updated on Apr 17, 2024)

Sell candidate since Apr 17, 2024 PDF

The El Pollo Loco Holdings stock price fell by -2.25% on the last day (Wednesday, 17th Apr 2024) from $8.46 to $8.27. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 4.18% from a day low at $8.25 to a day high of $8.59. The price has fallen in 8 of the last 10 days and is down by -8.62% for this period. Volume has increased on the last day by 59 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 291 thousand shares were bought and sold for approximately $2.41 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.24 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.73% during the next 3 months and, with a 90% probability hold a price between $7.94 and $9.30 at the end of this 3-month period.

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LOCO Signals & Forecast

There are few to no technical positive signals at the moment. The El Pollo Loco Holdings 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 $8.75 and $8.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -15.09%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for El Pollo Loco Holdings 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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.345 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 2.92%.

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

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

For the upcoming trading day on Thursday, 18th we expect El Pollo Loco Holdings to open at $8.37, and during the day (based on 14 day Average True Range), to move between $8.03 and $8.51, which gives a possible trading interval of +/-$0.243 (+/-2.93%) up or down from last closing price. If El Pollo Loco Holdings takes out the full calculated possible swing range there will be an estimated 5.87% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $9.03, some $0.760 (9.19%) from the current price of $8.27, our system finds the risk reward not very attractive.

Is El Pollo Loco Holdings stock A Buy?

El Pollo Loco Holdings holds several negative signals and is within a 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 Hold/Accumulate to a Sell candidate.

Current score: -4.133 Sell Candidate Downgraded

Predicted Opening Price for El Pollo Loco Holdings of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$8.37 ( 1.19%) $8.27

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

Trading levels for LOCO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.71 5.36 %
R2 8.58 3.77 %
R1 8.50 2.78 %
Current price: 8.27
Support S1 8.24 -0.405 %
S2 8.16 -1.39 %
S3 8.02 -2.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.17 10.88 %
R2 9.06 9.55 %
R1 9.03 9.19 %
Current price 8.27
Support S1 0 .
S2 0 .
S3 0 .

LOCO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 14, 2022 Oct 21, 2022 Nov 09, 2022 $1.50 14.15%

FAQ

What is the symbol for El Pollo Loco Holdings Stock and on which exchange is it traded?
The symbol for El Pollo Loco Holdings is LOCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell El Pollo Loco Holdings Stock?
El Pollo Loco Holdings holds several negative signals and is within a 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 Hold/Accumulate to a Sell candidate.

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

What's the current price of El Pollo Loco Holdings Stock?
As of the end of day on the 2024-04-17, the price of an El Pollo Loco Holdings (LOCO) share was $8.27.

What is the 52-week high and low for El Pollo Loco Holdings Stock?
The 52-week high for El Pollo Loco Holdings Stock is $11.01 and the 52-week low is $8.11.

What is the market capitalization of El Pollo Loco Holdings Stock?
As of the 2024-04-17, the market capitalization of El Pollo Loco Holdings is 258.709M.

When is the next earnings date for El Pollo Loco Holdings?
The upcoming earnings date for El Pollo Loco Holdings is May 02, 2024.
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About El Pollo Loco Holdings

El Pollo Loco Holdings El Pollo Loco Holdings, Inc., through its subsidiary, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. As of May 04, 2022, the company operated 480 restaurants comprising 189 company-operated and 291 franchised restaurants located in California, Nevada, Arizona, Texas, Utah, and Louisiana. It also licenses one restaurant in the Philippines. The company was formerly known as ... LOCO Profile

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