U.S. Auto Parts Network 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
U.S. Auto Parts Network stock price up more than 6.67% on Thursday
(Updated on May 02, 2024)
The U.S. Auto Parts Network stock price gained 6.67% on the last trading day (Thursday, 2nd May 2024), rising from $1.20 to $1.28. During the last trading day the stock fluctuated 7.82% from a day low at $1.22 to a day high of $1.31. The price has fallen in 6 of the last 10 days and is down by -0.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 540 thousand shares were bought and sold for approximately $690.57 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -55.76% during the next 3 months and, with a 90% probability hold a price between $0.394 and $0.615 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.
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PRTS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 6.67%. Further rise is indicated until a new top pivot has been found. U.S. Auto Parts Network has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The U.S. Auto Parts Network 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 $1.48. On a fall, the stock will find some support from the short-term average at $1.23. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for U.S. Auto Parts Network stock
U.S. Auto Parts Network finds support from accumulated volume at $1.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0950 between high and low, or 7.82%. For the last week, the stock has had daily average volatility of 5.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRTS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect U.S. Auto Parts Network to open at $1.27, and during the day (based on 14 day Average True Range), to move between $1.20 and $1.36, which gives a possible trading interval of +/-$0.0770 (+/-6.01%) up or down from last closing price. If U.S. Auto Parts Network takes out the full calculated possible swing range there will be an estimated 12.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.29 (0.78%) than the support at $1.25 (2.34%), 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.
Earnings coming up
U.S. Auto Parts Network will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.110. We will update the financials statements for U.S. Auto Parts Network, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.08% in the first trading day after earnings release.
Is U.S. Auto Parts Network stock A Buy?
U.S. Auto Parts Network holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.023 Sell Candidate Upgraded
Predicted Opening Price for U.S. Auto Parts Network of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $1.27 ( 0.91%) | $1.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.36 | 6.51 % | |
| R2 | 1.33 | 3.68 % | ||
| R1 | 1.30 | 1.92 % | ||
| Current price: | 1.28 | |||
| Support | S1 | 1.23 | -3.75 % | |
| S2 | 1.21 | -5.50 % | ||
| S3 | 1.17 | -8.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.59 | 24.22 % | |
| R2 | 1.58 | 23.44 % | ||
| R1 | 1.29 | 0.781 % | ||
| Current price | 1.28 | |||
| Support | S1 | 1.25 | -2.34% | |
| S2 | 1.23 | -3.91% | ||
| S3 | 1.20 | -6.25% |
FAQ
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