Titan Environmental Solutions 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
Titan Environmental Solutions Inc. stock price up more than 15.38% on Friday
(Updated on Jun 28, 2024)
The Titan Environmental Solutions Inc. stock price gained 15.38% on the last trading day (Friday, 28th Jun 2024), rising from $0.130 to $0.150. During the last trading day the stock fluctuated 0% from a day low at $0.150 to a day high of $0.150. The price has been going up and down for this period, and there has been a 7.14% gain for the last 2 weeks. Volume fell on the last day by -50 thousand shares and in total, 5 thousand shares were bought and sold for approximately $750.00 . 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 38.68% during the next 3 months and, with a 90% probability hold a price between $0.184 and $0.267 at the end of this 3-month period.
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TESI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 15.38%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Titan Environmental Solutions Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.169 and $0.154. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Titan Environmental Solutions Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.140 and $0.130. 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, Titan Environmental Solutions Inc. finds support just below today's level at $0.140. If this is broken, then the next support from accumulated volume will be at $0.130 and $0.120.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 8.89%
Our recommended stop-loss: $0.145 (-3.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (TESI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Titan Environmental Solutions Inc. to open at $0.150, and during the day (based on 14 day Average True Range), to move between $0.131 and $0.169, which gives a possible trading interval of +/-$0.0187 (+/-12.44%) up or down from last closing price. If Titan Environmental Solutions Inc. takes out the full calculated possible swing range there will be an estimated 24.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.140 (6.67%) than the resistance at $0.160 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Titan Environmental Solutions Inc. stock A Buy?
Titan Environmental Solutions Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Titan Environmental Solutions Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.150 ( 0%) | $0.150 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TESI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.150 | - |
| R2 | 0.150 | - |
| R1 | 0.150 | - |
| Price | 0.150 | |
| S1 | 0.150 | - |
| S2 | 0.150 | - |
| S3 | 0.150 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.180 | 20.00% |
| R1 | 0.160 | 6.67% |
| Price | 0.150 | |
| S1 | 0.140 | -6.67% |
| S2 | 0.130 | -13.33% |
| S3 | 0.120 | -20.00% |
FAQ
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