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 SPH
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Suburban Propane Partners LP stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Suburban Propane Partners LP stock price gained 1.04% on the last trading day (Thursday, 28th Mar 2024), rising from $20.22 to $20.43. During the last trading day the stock fluctuated 3.22% from a day low at $20.19 to a day high of $20.84. The price has been going up and down for this period, and there has been a 3.76% 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, 82 thousand more shares were traded than the day before. In total, 204 thousand shares were bought and sold for approximately $4.18 million.

The stock lies in the middle of a 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 19.70% during the next 3 months and, with a 90% probability hold a price between $23.88 and $26.70 at the end of this 3-month period.

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SPH Signals & Forecast

The Suburban Propane Partners LP stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $20.53. On a fall, the stock will find some support from the long-term average at approximately $20.36. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, March 06, 2024, and so far it has fallen -4.26%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Suburban Propane Partners LP stock

Suburban Propane Partners LP finds support from accumulated volume at $19.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.650 between high and low, or 3.22%. For the last week, the stock has had daily average volatility of 2.56%.

Our recommended stop-loss: $19.52 (-4.46%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Suburban Propane Partners LP to open at $20.49, and during the day (based on 14 day Average True Range), to move between $19.82 and $21.04, which gives a possible trading interval of +/-$0.607 (+/-2.97%) up or down from last closing price. If Suburban Propane Partners LP takes out the full calculated possible swing range there will be an estimated 5.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.46 (0.15%) than the support at $19.86 (2.79%), 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 Suburban Propane Partners LP 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 Suburban Propane Partners LP stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 4.235 Buy Candidate Upgraded

Predicted Opening Price for Suburban Propane Partners LP of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$20.49 ( 0.277%) $20.43

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

Trading levels for SPH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 21.14 3.46 %
R2 20.89 2.24 %
R1 20.73 1.49 %
Current price: 20.43
Support S1 20.24 -0.94 %
S2 20.08 -1.69 %
S3 19.84 -2.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 21.34 4.45 %
R2 21.04 2.99 %
R1 20.46 0.147 %
Current price 20.43
Support S1 19.86 -2.79%
S2 19.85 -2.84%
S3 19.41 -4.99%

SPH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 05, 2024 Feb 05, 2024 Feb 13, 2024 $0.325 1.72%
2 Oct 26, 2023 Nov 06, 2023 Nov 14, 2023 $0.330 1.95%
3 Jul 20, 2023 Jul 31, 2023 Aug 08, 2023 $0.325 2.20%
4 Apr 20, 2023 May 01, 2023 Aug 08, 2023 $0.325 2.20%
5 Jan 19, 2023 Jan 30, 2023 Feb 07, 2023 $0.325 2.06%

FAQ

What is the symbol for Suburban Propane Partners LP Stock and on which exchange is it traded?
The symbol for Suburban Propane Partners LP is SPH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Suburban Propane Partners LP Stock?
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 Suburban Propane Partners LP stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Suburban Propane Partners LP Stock?
Suburban Propane Partners LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Suburban Propane Partners LP Stock.

What's the current price of Suburban Propane Partners LP Stock?
As of the end of day on the 2024-03-28, the price of an Suburban Propane Partners LP (SPH) share was $20.43.

What is the 52-week high and low for Suburban Propane Partners LP Stock?
The 52-week high for Suburban Propane Partners LP Stock is $22.33 and the 52-week low is $14.42.

What is the market capitalization of Suburban Propane Partners LP Stock?
As of the 2024-03-28, the market capitalization of Suburban Propane Partners LP is 1.308B.

When is the next earnings date for Suburban Propane Partners LP?
The upcoming earnings date for Suburban Propane Partners LP is May 02, 2024.
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About Suburban Propane Partners LP

Suburban Propane Partners LP Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to... SPH Profile

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