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: [ 20 - 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 NVEE
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Green day on Wednesday for NV5 Global stock after gaining 1.04%
(Updated on Mar 27, 2024)

Sell candidate since Mar 21, 2024 Loss -1.54% PDF

The NV5 Global stock price gained 1.04% on the last trading day (Wednesday, 27th Mar 2024), rising from $96.99 to $98.00. During the last trading day the stock fluctuated 0.615% from a day low at $97.65 to a day high of $98.25. The price has been going up and down for this period, and there has been a -1.51% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 93 thousand shares were bought and sold for approximately $9.15 million.

The stock lies in the middle of a 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 -8.53% during the next 3 months and, with a 90% probability hold a price between $84.97 and $98.41 at the end of this 3-month period.

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NVEE Signals & Forecast

There are mixed signals in the stock today. The NV5 Global 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 $98.46 and $102.60. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 2.06%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for NV5 Global stock

NV5 Global finds support from accumulated volume at $97.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.601 between high and low, or 0.615%. For the last week the stock has had daily average volatility of 2.05%.

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

Trading Expectations (NVEE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect NV5 Global to open at $97.97, and during the day (based on 14 day Average True Range), to move between $95.40 and $100.60, which gives a possible trading interval of +/-$2.60 (+/-2.65%) up or down from last closing price. If NV5 Global takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $97.19 (0.83%) than the resistance at $100.51 (2.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NV5 Global stock A Buy?

NV5 Global holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.143 Sell Candidate Unchanged

Predicted Opening Price for NV5 Global of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$97.97 ( 0.0338%) $98.00

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

Trading levels for NVEE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 98.57 0.579 %
R2 98.34 0.345 %
R1 98.20 0.200 %
Current price: 98.00
Support S1 97.74 -0.268 %
S2 97.60 -0.413 %
S3 97.37 -0.647 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 103.00 5.10 %
R2 101.31 3.38 %
R1 100.51 2.56 %
Current price 98.00
Support S1 97.19 -0.83%
S2 97.15 -0.87%
S3 96.99 -1.03%

FAQ

What is the symbol for NV5 Global Stock and on which exchange is it traded?
The symbol for NV5 Global is NVEE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NV5 Global Stock?
NV5 Global holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy NV5 Global Stock?
NV5 Global Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NV5 Global Stock.

What's the current price of NV5 Global Stock?
As of the end of day on the 2024-03-27, the price of an NV5 Global (NVEE) share was $98.00.

What is the 52-week high and low for NV5 Global Stock?
The 52-week high for NV5 Global Stock is $119.56 and the 52-week low is $89.76.

What is the market capitalization of NV5 Global Stock?
As of the 2024-03-27, the market capitalization of NV5 Global is 1.544B.

When is the next earnings date for NV5 Global?
The upcoming earnings date for NV5 Global is May 02, 2024.
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About NV5 Global

NV5 Global NV5 Global offers professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions. The company provides site selection and planning, design, water resources, transport... NVEE Profile

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