SIMEC Atlantis Energy Ltd. 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
Big movements in SIMEC Atlantis Energy Ltd. stock price on Tuesday moving 17.14% between high and low
(Updated on Jul 02, 2024)
No changes to the price of SIMEC Atlantis Energy Ltd. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 17.14% from a day low at £1.75 to a day high of £2.05. The price has fallen in 6 of the last 10 days but is still up by 72.73% over the past 2 weeks.
The stock lies in the middle of a very wide and strong 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 45.33% during the next 3 months and, with a 90% probability hold a price between £1.46 and £3.43 at the end of this 3-month period.
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SAE.L Signals & Forecast
The SIMEC Atlantis Energy Ltd. 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 £1.88 and £1.14. 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 Tuesday, June 25, 2024, and so far it has fallen -17.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for SIMEC Atlantis Energy Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.300 between high and low, or 17.14%. For the last week, the stock has had daily average volatility of 22.60%.
Our recommended stop-loss: £1.79 (-5.60%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (SAE.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect SIMEC Atlantis Energy Ltd. to open at £1.90, and during the day (based on 14 day Average True Range), to move between £1.59 and £2.21, which gives a possible trading interval of +/-£0.305 (+/-16.07%) up or down from last closing price. If SIMEC Atlantis Energy Ltd. takes out the full calculated possible swing range there will be an estimated 32.15% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £2.00, some £0.100 (5.26%) from the current price of £1.90, our system finds the risk reward not very attractive.
Is SIMEC Atlantis Energy Ltd. 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 SIMEC Atlantis Energy Ltd. stock to perform well in the short-term.
Current score: 1.830 Buy Candidate Unchanged
Predicted Opening Price for SIMEC Atlantis Energy Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £1.90 ( 0.00000000%) | £1.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.20 | 15.79% |
| R2 | 2.09 | 9.76% |
| R1 | 2.01 | 6.03% |
| Price | 1.90 | |
| S1 | 1.79 | -6.03% |
| S2 | 1.71 | -9.76% |
| S3 | 1.60 | -15.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.30 | 21.05% |
| R2 | 2.15 | 13.16% |
| R1 | 2.00 | 5.26% |
| Price | 1.90 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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