The Peck Company Holdings, 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
Weaker technical forecast for The Peck Company Holdings, Inc. as stock downgraded to Buy Candidate.
(Updated on Jan 25, 2021)
No changes to the price of The Peck Company Holdings, Inc. stock on the last trading day (Monday, 25th Jan 2021). During the last trading day the stock fluctuated 0% from a day low at $26.00 to a day high of $26.00. The price has risen in 7 of the last 10 days and is up by 89.64% over the past 2 weeks.
The stock lies in the upper part of a very wide and strong rising 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 $26.18 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 74.69% during the next 3 months and, with a 90% probability hold a price between $15.20 and $45.74 at the end of this 3-month period.
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PECK Signals & Forecast
The The Peck Company Holdings, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.46 and $10.56. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, January 22, 2021, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for The Peck Company Holdings, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $21.66. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
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 17.36%
Our recommended stop-loss: $25.13 (-3.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PECK) For The Upcoming Trading Day Of Tuesday 26th
For the upcoming trading day on Tuesday, 26th we expect The Peck Company Holdings, Inc. to open at $26.00, and during the day (based on 14 day Average True Range), to move between $23.69 and $28.31, which gives a possible trading interval of +/-$2.31 (+/-8.89%) up or down from last closing price. If The Peck Company Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 17.78% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $21.66, some $4.34 (16.69%) from the current price of $26.00, our system finds the risk reward attractive.
Is The Peck Company Holdings, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The Peck Company Holdings, Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.276 Buy Candidate Downgraded
Predicted Opening Price for The Peck Company Holdings, Inc. of Tuesday, January 26, 2021
| Fair opening price January 26, 2021 | Current price |
|---|---|
| $26.00 ( 0%) | $26.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PECK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.00 | . | |
| R2 | 26.00 | . | ||
| R1 | 26.00 | . | ||
| Current price: | 26.00 | |||
| Support | S1 | 26.00 | . | |
| S2 | 26.00 | . | ||
| S3 | 26.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 26.00 | |||
| Support | S1 | 21.66 | -16.69% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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