Telo Genomics 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
High volatility in Telo Genomics Corp. stock price on Wednesday which ended trading at $0.210
(Updated on Jun 26, 2024)
The Telo Genomics Corp. stock price gained 5.00% on the last trading day (Wednesday, 26th Jun 2024), rising from $0.200 to $0.210. During the last trading day the stock fluctuated 16.67% from a day low at $0.180 to a day high of $0.210. The price has fallen in 4 of the last 10 days but is still up by 2.44% over the past 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 50 thousand shares were bought and sold for approximately $10.42 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 25.10% during the next 3 months and, with a 90% probability hold a price between $0.196 and $0.334 at the end of this 3-month period.
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TELO.V Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -6.67%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Telo Genomics 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 $0.199 and $0.188. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Telo Genomics Corp. stock
Telo Genomics Corp. finds support from accumulated volume at $0.200 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0300 between high and low, or 16.67%. For the last week the stock has had daily average volatility of 19.05%.
Our recommended stop-loss: $0.199 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 61 days ago.)
Trading Expectations (TELO.V) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Telo Genomics Corp. to open at $0.200, and during the day (based on 14 day Average True Range), to move between $0.189 and $0.231, which gives a possible trading interval of +/-$0.0205 (+/-9.79%) up or down from last closing price. If Telo Genomics Corp. takes out the full calculated possible swing range there will be an estimated 19.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.215 (2.38%) than the support at $0.200 (4.76%), 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 Telo Genomics 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 Telo Genomics Corp. stock to perform well in the short-term.
Current score: 3.443 Buy Candidate Unchanged
Predicted Opening Price for Telo Genomics Corp. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.200 ( 4.76%) | $0.210 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TELO.V
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.230 | 9.52% |
| R2 | 0.219 | 4.07% |
| R1 | 0.211 | 0.695% |
| Price | 0.210 | |
| S1 | 0.189 | -10.22% |
| S2 | 0.181 | -13.59% |
| S3 | 0.170 | -19.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.225 | 7.14% |
| R1 | 0.215 | 2.38% |
| Price | 0.210 | |
| S1 | 0.200 | -4.76% |
| S2 | 0.190 | -9.52% |
| S3 | 0.170 | -19.05% |
FAQ
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