SWK Holdings Corp 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
Green day on Friday for SWK Holdings Corp
(Updated on May 10, 2024)
The SWK Holdings Corp stock price gained 0.572% on the last trading day (Friday, 10th May 2024), rising from $17.48 to $17.58. During the last trading day the stock fluctuated 1.62% from a day low at $17.30 to a day high of $17.58. The price has risen in 6 of the last 10 days and is up by 1.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 691 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $59.23 thousand.
The stock lies in the middle of a weak 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 6.34% during the next 3 months and, with a 90% probability hold a price between $18.34 and $19.78 at the end of this 3-month period.
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SWKH Signals & Forecast
Mostly positive signals in the chart today. The SWK Holdings Corp 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 $17.54 and $17.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 4.89%. 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). SWK Holdings Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SWK Holdings Corp stock
SWK Holdings Corp finds support from accumulated volume at $17.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.280 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: $16.67 (-5.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (SWKH) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect SWK Holdings Corp to open at $17.49, and during the day (based on 14 day Average True Range), to move between $17.25 and $17.91, which gives a possible trading interval of +/-$0.330 (+/-1.88%) up or down from last closing price. If SWK Holdings Corp takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.69 (0.63%) than the support at $17.45 (0.74%), 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 SWK Holdings Corp 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 SWK Holdings Corp stock to perform well in the short-term.
Current score: 4.466 Buy Candidate Unchanged
Predicted Opening Price for SWK Holdings Corp of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $17.49 ( 0.531%) | $17.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWKH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.77 | 1.06 % | |
| R2 | 17.66 | 0.453 % | ||
| R1 | 17.59 | 0.0775 % | ||
| Current price: | 17.58 | |||
| Support | S1 | 17.38 | -1.14 % | |
| S2 | 17.31 | -1.52 % | ||
| S3 | 17.21 | -2.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.96 | 2.16 % | |
| R2 | 17.89 | 1.76 % | ||
| R1 | 17.69 | 0.626 % | ||
| Current price | 17.58 | |||
| Support | S1 | 17.45 | -0.739% | |
| S2 | 17.17 | -2.33% | ||
| S3 | 16.89 | -3.92% |
FAQ
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