Mace Security International, 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
Mace Security International, Inc. stock price up 4.32% on Thursday
(Updated on May 09, 2024)
The Mace Security International, Inc. stock price gained 4.32% on the last trading day (Thursday, 9th May 2024), rising from $0.0440 to $0.0459. During the last trading day the stock fluctuated 7.32% from a day low at $0.0437 to a day high of $0.0469. The price has risen in 4 of the last 10 days and is up by 5.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $473.37 .
The stock lies in the middle of a very wide and strong 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 20.10% during the next 3 months and, with a 90% probability hold a price between $0.0474 and $0.0645 at the end of this 3-month period.
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MACE Signals & Forecast
The Mace Security International, 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 $0.0450 and $0.0437. 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). Mace Security International, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, April 18, 2024, and so far it has fallen -2.55%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 0.220% to $0.0460 within 4 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for Mace Security International, Inc. stock
Mace Security International, Inc. finds support from accumulated volume at $0.0450 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0032 between high and low, or 7.32%. For the last week, the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: $0.0441 (-3.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (MACE) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Mace Security International, Inc. to open at $0.0455, and during the day (based on 14 day Average True Range), to move between $0.0427 and $0.0491, which gives a possible trading interval of +/-$0.0032 (+/-7.04%) up or down from last closing price. If Mace Security International, Inc. takes out the full calculated possible swing range there will be an estimated 14.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0460 (0.22%) than the support at $0.0450 (1.96%), 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 Mace Security International, Inc. stock A Buy?
Mace Security International, 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Mace Security International, Inc. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $0.0455 ( 0.87%) | $0.0459 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MACE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0487 | 6.10 % | |
| R2 | 0.0475 | 3.44 % | ||
| R1 | 0.0467 | 1.79 % | ||
| Current price: | 0.0459 | |||
| Support | S1 | 0.0443 | -3.53 % | |
| S2 | 0.0435 | -5.18 % | ||
| S3 | 0.0423 | -7.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0500 | 8.93 % | |
| R2 | 0.0488 | 6.32 % | ||
| R1 | 0.0460 | 0.218 % | ||
| Current price | 0.0459 | |||
| Support | S1 | 0.0450 | -1.96% | |
| S2 | 0.0440 | -4.14% | ||
| S3 | 0.0350 | -23.75% |
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