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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: [ 30 - 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 PBP.AX
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Red day on Friday for Probiotec Limited
(Updated on Jun 14, 2024)

Buy or Hold candidate since Jun 06, 2024 PDF

No changes to the price of Probiotec Limited stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $2.98 to a day high of $2.98. The price has been going up and down for this period, and there has been a -1% loss for the last 2 weeks.

The stock lies in the middle of a narrow 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 6.79% during the next 3 months and, with a 90% probability hold a price between $3.13 and $3.26 at the end of this 3-month period.

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PBP.AX Signals & Forecast

The Probiotec Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.98. On a fall, the stock will find some support from the long-term average at approximately $2.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 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. 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 Tuesday, September 26, 2023 in the long-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.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, September 26, 2023 in the long-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.

Support, Risk & Stop-loss for Probiotec Limited stock

Probiotec Limited finds support from accumulated volume at $2.96 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: $2.80 (-5.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (PBP.AX) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Probiotec Limited to open at $2.98, and during the day (based on 14 day Average True Range), to move between $2.96 and $3.00, which gives a possible trading interval of +/-$0.0216 (+/-0.72%) up or down from last closing price. If Probiotec Limited takes out the full calculated possible swing range there will be an estimated 1.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.99 (0.34%) than the support at $2.96 (0.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Probiotec Limited stock A Buy?

Probiotec Limited 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 Probiotec Limited of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$2.98 ( 0%) $2.98

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

Trading levels for PBP.AX

Fibonacci Support & Resistance Levels

Level Price
R3 2.98 -
R2 2.98 -
R1 2.98 -
Price 2.98
S1 2.98 -
S2 2.98 -
S3 2.98 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 3.03 1.68%
R2 3.01 1.01%
R1 2.99 0.336%
Price 2.98
S1 2.96 -0.671%
S2 2.90 -2.68%
S3 2.89 -3.02%

PBP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 04, 2024 Jun 04, 2024 Jun 18, 2024 $0.0375 1.26%
2 Mar 04, 2024 Mar 04, 2024 Mar 15, 2024 $0.0350 1.26%
3 Aug 31, 2023 Aug 31, 2023 Sep 08, 2023 $0.0350 1.34%
4 Mar 02, 2023 Mar 02, 2023 Mar 02, 2023 $0.0300 1.28%
5 Sep 07, 2022 Sep 07, 2022 Sep 07, 2022 $0.0350 1.61%

FAQ

What is the symbol for Probiotec Limited Stock and on which exchange is it traded?
The symbol for Probiotec Limited is PBP.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Probiotec Limited Stock?
Probiotec Limited 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.

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

What's the current price of Probiotec Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Probiotec Limited (PBP.AX) share was $2.98.

What is the 52-week high and low for Probiotec Limited Stock?
The 52-week high for Probiotec Limited Stock is $3.03 and the 52-week low is $2.14.

What is the market capitalization of Probiotec Limited Stock?
As of the Jun 14, 2024, the market capitalization of Probiotec Limited is 242.344M.

When is the next earnings date for Probiotec Limited?
The upcoming earnings date for Probiotec Limited is Aug 22, 2024.
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About Probiotec Limited

Probiotec Limited Probiotec Limited engages in the development, manufacture, packing, and sale of pharmaceuticals, consumer health, and fast moving consumer products in Australia and internationally. The company provides contract manufacturing services for solid dose tablets, capsules, and caplets; tablets coating; blister packing; liquids, creams, gels, ointments, and suspensions; powders and powder blending; and sprays, as well as manufactures and packages finis... PBP.AX Profile

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