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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 OLLI
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Ollie stock price down 1.03% on Wednesday
(Updated on Apr 17, 2024)

Sell candidate since Apr 15, 2024 Loss -1.74% PDF

The Ollie stock price fell by -1.03% on the last day (Wednesday, 17th Apr 2024) from $71.89 to $71.15. During the last trading day the stock fluctuated 3.78% from a day low at $70.43 to a day high of $73.09. The price has fallen in 6 of the last 10 days but is still up by 3.94% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -70 thousand shares and in total, 903 thousand shares were bought and sold for approximately $64.23 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ollie stock with a 90% probability to be traded between $66.97 and $80.27 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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OLLI Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 3.94%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ollie 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 $72.26 and $75.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Ollie stock

Ollie finds support from accumulated volume at $68.45 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 $2.66 between high and low, or 3.78%. For the last week, the stock has had daily average volatility of 2.91%.

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

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

For the upcoming trading day on Thursday, 18th we expect Ollie to open at $71.56, and during the day (based on 14 day Average True Range), to move between $68.66 and $73.64, which gives a possible trading interval of +/-$2.49 (+/-3.49%) up or down from last closing price. If Ollie takes out the full calculated possible swing range there will be an estimated 6.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $68.45 (3.79%) than the resistance at $74.00 (4.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ollie stock A Buy?

Ollie 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.

Current score: -2.589 Sell Candidate Unchanged

Predicted Opening Price for Ollie of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$71.56 ( 0.572%) $71.15

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

Trading levels for OLLI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 74.22 4.31 %
R2 73.20 2.88 %
R1 72.57 2.00 %
Current price: 71.15
Support S1 70.54 -0.86 %
S2 69.91 -1.74 %
S3 68.90 -3.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 76.29 7.22 %
R2 75.35 5.90 %
R1 74.00 4.01 %
Current price 71.15
Support S1 68.45 -3.79%
S2 0 .
S3 0 .

FAQ

What is the symbol for Ollie Stock and on which exchange is it traded?
The symbol for Ollie is OLLI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ollie Stock?
Ollie 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.

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

What's the current price of Ollie Stock?
As of the end of day on the 2024-04-17, the price of an Ollie (OLLI) share was $71.15.

What is the 52-week high and low for Ollie Stock?
The 52-week high for Ollie Stock is $84.38 and the 52-week low is $52.98.

What is the market capitalization of Ollie Stock?
As of the 2024-04-17, the market capitalization of Ollie is 4.366B.

When is the next earnings date for Ollie?
The upcoming earnings date for Ollie is Jun 05, 2024.
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About Ollie

Ollie Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products. It provides its products primarily under the Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Br... OLLI Profile

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