Spectaire Holdings 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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 Spectaire Holdings Inc. stock price on Friday moving between $0.0350 and $0.0517
(Updated on Jun 28, 2024)
The Spectaire Holdings Inc. stock price fell by -29.00% on the last day (Friday, 28th Jun 2024) from $0.0500 to $0.0355. During the last trading day the stock fluctuated 47.71% from a day low at $0.0350 to a day high of $0.0517. The price has fallen in 4 of the last 10 days but is still up by 119.14% over the past 2 weeks. Volume has increased on the last day by 4 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, 57 thousand shares were bought and sold for approximately $2.01 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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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SPECW Signals & Forecast
There are mixed signals in the stock today. The Spectaire Holdings 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 $0.0389. On a fall, the stock will find some support from the short-term average at $0.0351. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -52.67%. Further fall is indicated until a new bottom pivot has been found. Spectaire Holdings 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Spectaire Holdings Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0337 and $0.0325. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Spectaire Holdings Inc. finds support just below today's level at $0.0337. If this is broken, then the next support from accumulated volume will be at $0.0325 and $0.0300.
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 $0.0167 between high and low, or 47.71%. For the last week, the stock has had daily average volatility of 27.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPECW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Spectaire Holdings Inc. to open at $0.0407, and during the day (based on 14 day Average True Range), to move between $0.0251 and $0.0459, which gives a possible trading interval of +/-$0.0104 (+/-29.16%) up or down from last closing price. If Spectaire Holdings Inc. takes out the full calculated possible swing range there will be an estimated 58.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0356 (0.28%) than the support at $0.0337 (5.07%), 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 Spectaire Holdings Inc. stock A Buy?
Spectaire Holdings 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 Buy to a Strong Sell candidate.
Current score: -5.860 Strong Sell Candidate Downgraded
Predicted Opening Price for Spectaire Holdings Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$0.0407 ( 14.74%) | $0.0355 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPECW
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0574 | 61.78% |
R2 | 0.0511 | 43.81% |
R1 | 0.0471 | 32.71% |
Price | 0.0355 | |
S1 | 0.0344 | -3.23% |
S2 | 0.0304 | -14.33% |
S3 | 0.0240 | -32.30% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0405 | 14.08% |
R2 | 0.0391 | 10.14% |
R1 | 0.0356 | 0.282% |
Price | 0.0355 | |
S1 | 0.0337 | -5.07% |
S2 | 0.0325 | -8.45% |
S3 | 0.0300 | -15.49% |
FAQ
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