SOBR Safe, 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
Volatile ride for SOBR Safe, Inc. stock price on Friday moving between $0.221 and $0.287
(Updated on May 17, 2024)
The SOBR Safe, Inc. stock price fell by -10.77% on the last day (Friday, 17th May 2024) from $0.270 to $0.241. During the last trading day the stock fluctuated 29.68% from a day low at $0.221 to a day high of $0.287. The price has been going up and down for this period, and there has been a -5.86% loss for the last 2 weeks. Volume has increased on the last day by 25 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 123 thousand shares were bought and sold for approximately $29.53 thousand.
The stock lies the upper part of a very wide and falling 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 $0.263 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -64.19% during the next 3 months and, with a 90% probability hold a price between $0.0447 and $0.0940 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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SOBR Signals & Forecast
There are mixed signals in the stock today. The SOBR Safe, Inc. 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 $0.282. On a fall, the stock will find some support from the short-term average at $0.241. 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). SOBR Safe, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 Monday, May 13, 2024, and so far it has risen 4.65%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for SOBR Safe, Inc. stock
SOBR Safe, Inc. finds support from accumulated volume at $0.234 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 $0.0656 between high and low, or 29.68%. For the last week, the stock has had daily average volatility of 19.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOBR) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SOBR Safe, Inc. to open at $0.250, and during the day (based on 14 day Average True Range), to move between $0.201 and $0.281, which gives a possible trading interval of +/-$0.0396 (+/-16.43%) up or down from last closing price. If SOBR Safe, Inc. takes out the full calculated possible swing range there will be an estimated 32.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.248 (2.82%) than the support at $0.234 (2.95%), 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 SOBR Safe, Inc. stock A Buy?
SOBR Safe, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.263 Sell Candidate Downgraded
Predicted Opening Price for SOBR Safe, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.250 ( 3.54%) | $0.241 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOBR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.315 | 30.76 % | |
| R2 | 0.290 | 20.36 % | ||
| R1 | 0.275 | 13.94 % | ||
| Current price: | 0.241 | |||
| Support | S1 | 0.224 | -6.86 % | |
| S2 | 0.209 | -13.28 % | ||
| S3 | 0.184 | -23.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.258 | 7.22 % | |
| R2 | 0.252 | 4.48 % | ||
| R1 | 0.248 | 2.82 % | ||
| Current price | 0.241 | |||
| Support | S1 | 0.234 | -2.95% | |
| S2 | 0.231 | -4.27% | ||
| S3 | 0.231 | -4.36% |
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