Inventure Foods Fund 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
Inventure Foods fund price ended at $3.99 on Tuesday, after losing 0%.
(Updated on Jan 16, 2018)
No changes to the price of Inventure Foods fund on the last trading day (Tuesday, 16th Jan 2018). During the last trading day the fund fluctuated 0% from a day low at $3.99 to a day high of $3.99. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -5.25% during the next 3 months and, with a 90% probability hold a price between $3.59 and $4.02 at the end of this 3-month period.
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SNAK Signals & Forecast
There are mixed signals in the fund today. The Inventure Foods fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.99 and $3.99. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, November 10, 2017, and so far it has risen 0.504%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Inventure Foods fund
Inventure Foods finds support from accumulated volume at $3.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SNAK) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Inventure Foods to open at $3.99, and during the day (based on 14 day Average True Range), to move between $3.98 and $4.00, which gives a possible trading interval of +/-$0.0065 (+/-0.16%) up or down from last closing price. If Inventure Foods takes out the full calculated possible swing range there will be an estimated 0.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.00 (0.25%) than the support at $3.98 (0.25%), 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 Inventure Foods fund A Buy?
Inventure Foods 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 fund.
Current score: -1.797 Sell Candidate Unchanged
Predicted Opening Price for Inventure Foods of Wednesday, January 17, 2018
| Fair opening price January 17, 2018 | Current price |
|---|---|
| $3.99 ( 0%) | $3.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNAK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.99 | . | |
| R2 | 3.99 | . | ||
| R1 | 3.99 | . | ||
| Current price: | 3.99 | |||
| Support | S1 | 3.99 | . | |
| S2 | 3.99 | . | ||
| S3 | 3.99 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.52 | 13.28 % | |
| R2 | 4.02 | 0.752 % | ||
| R1 | 4.00 | 0.251 % | ||
| Current price | 3.99 | |||
| Support | S1 | 3.98 | -0.251% | |
| S2 | 3.97 | -0.501% | ||
| S3 | 0 | . |
FAQ
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