Ontrak 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 Wednesday for Ontrak Inc
(Updated on Jul 03, 2024)
The Ontrak Inc stock price fell by -3.13% on the last day (Wednesday, 3rd Jul 2024) from $0.320 to $0.310. During the last trading day the stock fluctuated 0% from a day low at $0.310 to a day high of $0.310. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 522 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, 522 shares were bought and sold for approximately $161.82 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.318 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -44.37% during the next 3 months and, with a 90% probability hold a price between $0.0650 and $0.177 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
OTRKP Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 12.69%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ontrak Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.323. On a fall, the stock will find some support from the short-term average at $0.304. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Ontrak Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ontrak Inc stock
Ontrak Inc finds support from accumulated volume at $0.301 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: $0.301 (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (OTRKP) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Ontrak Inc to open at $0.310, and during the day (based on 14 day Average True Range), to move between $0.291 and $0.329, which gives a possible trading interval of +/-$0.0190 (+/-6.11%) up or down from last closing price. If Ontrak Inc takes out the full calculated possible swing range there will be an estimated 12.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.301 (3.03%) than the resistance at $0.320 (3.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ontrak Inc stock A Buy?
Ontrak 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 Ontrak Inc of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $0.310 ( 0%) | $0.310 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OTRKP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.310 | - |
| R2 | 0.310 | - |
| R1 | 0.310 | - |
| Price | 0.310 | |
| S1 | 0.310 | - |
| S2 | 0.310 | - |
| S3 | 0.310 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.360 | 16.13% |
| R2 | 0.350 | 12.90% |
| R1 | 0.320 | 3.23% |
| Price | 0.310 | |
| S1 | 0.301 | -3.03% |
| S2 | 0.300 | -3.19% |
| S3 | 0.300 | -3.23% |
OTRKP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2022 | Feb 14, 2022 | Feb 28, 2022 | $0.594 | 6.16% |
| 2 | Nov 02, 2021 | Nov 12, 2021 | Nov 30, 2021 | $0.594 | 4.48% |
| 3 | Aug 03, 2021 | Aug 12, 2021 | Aug 31, 2021 | $0.594 | 3.13% |
| 4 | May 05, 2021 | May 13, 2021 | May 28, 2021 | $0.594 | 2.41% |
| 5 | Feb 04, 2021 | Feb 11, 2021 | Feb 28, 2021 | $0.594 | 2.38% |
FAQ
Click here for our free guide on how to buy Ontrak Inc Stock.
