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 MGDDY
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Red day on Thursday for Compagnie Generale DES Etablissements stock after losing 0.571%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 2.41% PDF

The Compagnie Generale DES Etablissements stock price fell by -0.571% on the last day (Thursday, 28th Mar 2024) from $19.27 to $19.16. During the last trading day the stock fluctuated 0.523% from a day low at $19.11 to a day high of $19.21. The price has risen in 7 of the last 10 days and is up by 2.68% over the past 2 weeks. Volume has increased on the last day by 48 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, 144 thousand shares were bought and sold for approximately $2.77 million.

The stock lies in the middle of a 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 15.55% during the next 3 months and, with a 90% probability hold a price between $20.86 and $23.13 at the end of this 3-month period.

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MGDDY Signals & Forecast

The Compagnie Generale DES Etablissements stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $19.28. On a fall, the stock will find some support from the long-term average at approximately $18.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, March 20, 2024, and so far it has fallen -2.99%. Further fall is indicated until a new bottom pivot has been found. 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 Compagnie Generale DES Etablissements stock

Compagnie Generale DES Etablissements finds support from accumulated volume at $18.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.100 (0.523%) between high and low. For the last week, the stock has had daily average volatility of 0.649%.

Our recommended stop-loss: $18.48 (-3.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (MGDDY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Compagnie Generale DES Etablissements Michelin SCA to open at $19.16, and during the day (based on 14 day Average True Range), to move between $18.91 and $19.41, which gives a possible trading interval of +/-$0.251 (+/-1.31%) up or down from last closing price. If Compagnie Generale DES Etablissements Michelin SCA takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.27 (0.57%) than the support at $18.66 (2.61%), 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 Compagnie Generale DES Etablissements Michelin SCA 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 Compagnie Generale DES Etablissements stock to perform well in the short-term.

Current score: 1.563 Buy Candidate Unchanged

Predicted Opening Price for Compagnie Generale DES Etablissements Michelin SCA of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$19.16 ( 0%) $19.16

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

Trading levels for MGDDY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 19.26 0.522 %
R2 19.22 0.323 %
R1 19.20 0.199 %
Current price: 19.16
Support S1 19.12 -0.199 %
S2 19.10 -0.323 %
S3 19.06 -0.522 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.75 3.08 %
R2 19.28 0.611 %
R1 19.27 0.574 %
Current price 19.16
Support S1 18.66 -2.61%
S2 16.67 -13.00%
S3 16.43 -14.25%

MGDDY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 15, 2023 May 15, 2023 Jun 05, 2023 $0.682 4.69%
2 May 13, 2022 May 13, 2022 May 13, 2022 $0.619 2.55%
3 May 05, 2021 May 21, 2021 Jun 11, 2021 $0.346 1.76%
4 Jun 17, 2020 Jun 29, 2020 Jul 20, 2020 $0.281 2.08%
5 May 17, 2019 May 17, 2019 May 17, 2019 $0.517 3.49%

FAQ

What is the symbol for Compagnie Generale DES Etablissements Michelin SCA Stock and on which exchange is it traded?
The symbol for Compagnie Generale DES Etablissements Michelin SCA is MGDDY and it is traded on the PINK (Pink Sheets).

Should I buy or sell Compagnie Generale DES Etablissements Michelin SCA Stock?
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 Compagnie Generale DES Etablissements stock to perform well in the short-term.

How to buy Compagnie Generale DES Etablissements Michelin SCA Stock?
Compagnie Generale DES Etablissements Michelin SCA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Compagnie Generale DES Etablissements Michelin SCA Stock.

What's the current price of Compagnie Generale DES Etablissements Michelin SCA Stock?
As of the end of day on the 2024-03-28, the price of an Compagnie Generale DES Etablissements Michelin SCA (MGDDY) share was $19.16.

What is the 52-week high and low for Compagnie Generale DES Etablissements Michelin SCA Stock?
The 52-week high for Compagnie Generale DES Etablissements Michelin SCA Stock is $19.75 and the 52-week low is $14.03.

What is the market capitalization of Compagnie Generale DES Etablissements Michelin SCA Stock?
As of the 2024-03-28, the market capitalization of Compagnie Generale DES Etablissements Michelin SCA is 27.397B.
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About Compagnie Generale DES Etablissements Michelin SCA

Compagnie Generale DES Etablissements Michelin SCA Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide. The company offers tires for private use covering cars, racing, biking, motorcycles, scooters, and mopeds; and professional use, such as freight and people transport, agriculture, construction and industrial, mining and quarries, corporate fleets, tradesmen and professionals, civil and military operations, light rail, and ... MGDDY Profile

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