MENTOR CAPITAL, 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
Red day on Tuesday for MENTOR CAPITAL, INC.
(Updated on Apr 30, 2024)
No changes to the price of MENTOR CAPITAL, INC. stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 8.42% from a day low at $0.0475 to a day high of $0.0515. The price has fallen in 6 of the last 10 days but is still up by 0.39% over the past 2 weeks.
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 6.98% during the next 3 months and, with a 90% probability hold a price between $0.0427 and $0.0676 at the end of this 3-month period.
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MNTR Signals & Forecast
The MENTOR CAPITAL, 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 $0.0511 and $0.0506. 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 Monday, April 22, 2024, and so far it has fallen -3.74%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for MENTOR CAPITAL, INC. stock
MENTOR CAPITAL, INC. finds support from accumulated volume at $0.0510 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0040 between high and low, or 8.42%. For the last week the stock has had daily average volatility of 12.52%.
Our recommended stop-loss: $0.0489 (-4.97%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (MNTR) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect MENTOR CAPITAL, INC. to open at $0.0502, and during the day (based on 14 day Average True Range), to move between $0.0424 and $0.0606, which gives a possible trading interval of +/-$0.0091 (+/-17.65%) up or down from last closing price. If MENTOR CAPITAL, INC. takes out the full calculated possible swing range there will be an estimated 35.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0510 (0.89%) than the resistance at $0.0520 (0.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MENTOR CAPITAL, INC. stock A Buy?
MENTOR CAPITAL, 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: 0.220 Hold/Accumulate Unchanged
Predicted Opening Price for MENTOR CAPITAL, INC. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $0.0502 ( 2.59%) | $0.0515 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MNTR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0542 | 5.18 % | |
| R2 | 0.0526 | 2.21 % | ||
| R1 | 0.0517 | 0.378 % | ||
| Current price: | 0.0515 | |||
| Support | S1 | 0.0486 | -5.56 % | |
| S2 | 0.0477 | -7.39 % | ||
| S3 | 0.0462 | -10.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0597 | 15.92 % | |
| R2 | 0.0550 | 6.80 % | ||
| R1 | 0.0520 | 0.97 % | ||
| Current price | 0.0515 | |||
| Support | S1 | 0.0510 | -0.89% | |
| S2 | 0.0500 | -2.91% | ||
| S3 | 0.0451 | -12.43% |
FAQ
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