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: [ 25 - 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 RDHL
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Redhill Biopharma Ltd. stock price up 3.48% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 18, 2024 Loss -1.62% PDF

The Redhill Biopharma Ltd. stock price gained 3.48% on the last trading day (Thursday, 28th Mar 2024), rising from $0.512 to $0.530. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.96% from a day low at $0.500 to a day high of $0.550. The price has been going up and down for this period, and there has been a 0.17% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 498 thousand shares were bought and sold for approximately $264.14 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 -55.30% during the next 3 months and, with a 90% probability hold a price between $0.0830 and $0.305 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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RDHL Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 14.95%. Further rise is indicated until a new top pivot has been found. Redhill Biopharma Ltd. 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 Redhill Biopharma Ltd. 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 $0.540. On a fall, the stock will find some support from the short-term average at $0.497. 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 Redhill Biopharma Ltd. stock

Redhill Biopharma Ltd. finds support from accumulated volume at $0.515 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 $0.0498 between high and low, or 9.96%. For the last week, the stock has had daily average volatility of 7.82%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RDHL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Redhill Biopharma Ltd. to open at $0.527, and during the day (based on 14 day Average True Range), to move between $0.487 and $0.573, which gives a possible trading interval of +/-$0.0429 (+/-8.10%) up or down from last closing price. If Redhill Biopharma Ltd. takes out the full calculated possible swing range there will be an estimated 16.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.515 (2.91%) than the resistance at $0.550 (3.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Redhill Biopharma Ltd. stock A Buy?

Redhill Biopharma Ltd. 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.

Current score: -1.616 Sell Candidate Unchanged

Predicted Opening Price for Redhill Biopharma Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.527 ( 0.629%) $0.530

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

Trading levels for RDHL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.576 8.77 %
R2 0.557 5.18 %
R1 0.546 2.96 %
Current price: 0.530
Support S1 0.508 -4.22 %
S2 0.496 -6.44 %
S3 0.477 -10.03 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.650 22.59 %
R2 0.555 4.74 %
R1 0.550 3.76 %
Current price 0.530
Support S1 0.515 -2.91%
S2 0.504 -4.98%
S3 0.461 -13.00%

FAQ

What is the symbol for Redhill Biopharma Ltd. Stock and on which exchange is it traded?
The symbol for Redhill Biopharma Ltd. is RDHL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Redhill Biopharma Ltd. Stock?
Redhill Biopharma Ltd. 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.

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

What's the current price of Redhill Biopharma Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Redhill Biopharma Ltd. (RDHL) share was $0.530.

What is the 52-week high and low for Redhill Biopharma Ltd. Stock?
The 52-week high for Redhill Biopharma Ltd. Stock is $4.92 and the 52-week low is $0.257.

What is the market capitalization of Redhill Biopharma Ltd. Stock?
As of the 2024-03-28, the market capitalization of Redhill Biopharma Ltd. is 9.312M.

When is the next earnings date for Redhill Biopharma Ltd.?
The upcoming earnings date for Redhill Biopharma Ltd. is Jun 10, 2024.
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About Redhill Biopharma Ltd.

Redhill Biopharma Ltd. RedHill Biopharma Ltd., a specialty biopharmaceutical company, primarily focuses on gastrointestinal and infectious diseases. The company promotes gastrointestinal drugs, including Movantik for opioid-induced constipation in adults with chronic non-cancer pain; Talicia for the treatment of Helicobacter pylori infection in adults; and Aemcolo for the treatment of travelers' diarrhea in adults. Its clinical late-stage investigational development pr... RDHL Profile

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