1933 Industries 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
1933 Industries Inc. stock price up more than 38.46% on Friday
(Updated on Jun 21, 2024)
The 1933 Industries Inc. stock price gained 38.46% on the last trading day (Friday, 21st Jun 2024), rising from $0.0078 to $0.0108. During the last trading day the stock fluctuated 0% from a day low at $0.0108 to a day high of $0.0108. The price has risen in 4 of the last 10 days and is up by 33.33% 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, 32 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately $487.00 .
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. Given the current short-term trend, the stock is expected to fall -28.84% during the next 3 months and, with a 90% probability hold a price between $0.0047 and $0.0087 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TGIFF Signals & Forecast
Mostly positive signals in the chart today. The 1933 Industries Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0082 and $0.0106. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 45.95%. 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). 1933 Industries Inc. 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.
A buy signal from a double bottom formation was found on Friday, May 31, 2024 and based on theory for this formation the price should go up by 58.33% to $0.0171 within 4 trading days since signal was issued (Thursday, June 06, 2024).
Support, Risk & Stop-loss for 1933 Industries Inc. stock
1933 Industries Inc. finds support from accumulated volume at $0.0106 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 7.56%.
Our recommended stop-loss: $0.0104 (-3.90%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 53 days ago.)
Trading Expectations (TGIFF) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect 1933 Industries Inc. to open at $0.0108, and during the day (based on 14 day Average True Range), to move between $0.0088 and $0.0128, which gives a possible trading interval of +/-$0.0020 (+/-18.39%) up or down from last closing price. If 1933 Industries Inc. takes out the full calculated possible swing range there will be an estimated 36.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0106 (1.85%) than the resistance at $0.0113 (4.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 1933 Industries Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Buy candidate.
Current score: 1.109 Buy Candidate Upgraded
Predicted Opening Price for 1933 Industries Inc. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.0108 ( 0.00000000%) | $0.0108 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGIFF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0108 | 0.00000000% |
| R2 | 0.0108 | 0.00000000% |
| R1 | 0.0108 | 0.00000000% |
| Price | 0.0108 | |
| S1 | 0.0108 | 0.00000000% |
| S2 | 0.0108 | 0.00000000% |
| S3 | 0.0108 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0120 | 11.11% |
| R2 | 0.0114 | 5.56% |
| R1 | 0.0113 | 4.63% |
| Price | 0.0108 | |
| S1 | 0.0106 | -1.85% |
| S2 | 0.0104 | -3.70% |
| S3 | 0.0100 | -7.41% |
FAQ
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