Ottawa Bancorp 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
Ottawa Bancorp Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)
No changes to the price of Ottawa Bancorp Inc. stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at $11.11 to a day high of $11.11. The price has been going up and down for this period, and there has been a -2.46% loss for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ottawa Bancorp Inc. stock with a 90% probability to be traded between $10.65 and $11.15 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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OTTW Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has fallen 0%. 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 Ottawa Bancorp Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $11.13 and $11.12. 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 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. The stock had a Golden Star Signal on Monday, April 08, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, April 08, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Tuesday, February 20, 2024 and based on theory for this formation the price should fall by -0.360% to $11.07 within 2 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Ottawa Bancorp Inc. stock
Ottawa Bancorp Inc. finds support from accumulated volume at $11.05 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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: $10.39 (-6.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (OTTW) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ottawa Bancorp Inc. to open at $11.11, and during the day (based on 14 day Average True Range), to move between $11.06 and $11.16, which gives a possible trading interval of +/-$0.0540 (+/-0.49%) up or down from last closing price. If Ottawa Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 0.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.05 (0.54%) than the resistance at $11.20 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ottawa Bancorp Inc. stock A Buy?
Ottawa Bancorp Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Ottawa Bancorp Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $11.11 ( 0%) | $11.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OTTW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.11 | . | |
| R2 | 11.11 | . | ||
| R1 | 11.11 | . | ||
| Current price: | 11.11 | |||
| Support | S1 | 11.11 | . | |
| S2 | 11.11 | . | ||
| S3 | 11.11 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.55 | 3.96 % | |
| R2 | 11.38 | 2.43 % | ||
| R1 | 11.20 | 0.81 % | ||
| Current price | 11.11 | |||
| Support | S1 | 11.05 | -0.540% | |
| S2 | 11.01 | -0.90% | ||
| S3 | 11.00 | -0.99% |
OTTW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 05, 2024 | Mar 20, 2024 | $0.110 | 1.00% |
| 2 | Nov 20, 2023 | Dec 01, 2023 | Dec 18, 2023 | $0.110 | 0.99% |
| 3 | Aug 23, 2023 | Sep 05, 2023 | Sep 20, 2023 | $0.110 | 1.00% |
| 4 | May 18, 2023 | May 30, 2023 | Jun 14, 2023 | $0.110 | 1.07% |
| 5 | Feb 15, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.110 | 0.89% |
FAQ
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