TOMI 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
Strong day for TOMI Environmental Solutions, Inc. stock price on Friday rising 11.97% to $0.729
(Updated on May 10, 2024)
The TOMI Environmental Solutions, Inc. stock price gained 11.97% on the last trading day (Friday, 10th May 2024), rising from $0.651 to $0.729. During the last trading day the stock fluctuated 8.81% from a day low at $0.670 to a day high of $0.729. The price has been going up and down for this period, and there has been a 20.38% 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, 8 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $11.18 thousand.
Given the current short-term trend, the stock is expected to fall -24.41% during the next 3 months and, with a 90% probability hold a price between $0.356 and $0.551 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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TOMZ Signals & Forecast
The TOMI Environmental Solutions, Inc. 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 $0.638 and $0.626. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 32.50%. 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). TOMI Environmental Solutions, 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.
Support, Risk & Stop-loss for TOMI Environmental Solutions, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.689 and $0.630. 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, TOMI Environmental Solutions, Inc. finds support just below today's level at $0.689. If this is broken, then the next support from accumulated volume will be at $0.630 and $0.556.
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 $0.0590 between high and low, or 8.81%. For the last week, the stock has had daily average volatility of 11.06%.
Our recommended stop-loss: $0.693 (-4.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (TOMZ) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect TOMI Environmental Solutions, Inc. to open at $0.709, and during the day (based on 14 day Average True Range), to move between $0.670 and $0.788, which gives a possible trading interval of +/-$0.0592 (+/-8.12%) up or down from last closing price. If TOMI Environmental Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 16.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.735 (0.84%) than the support at $0.689 (5.47%), 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.
Earnings coming up
TOMI Environmental Solutions, Inc. will release earnings BMO on Monday, May 20, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0200. We will update the financials statements for TOMI Environmental Solutions, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.35% in the first trading day after earnings release.
Is TOMI Environmental Solutions, Inc. stock A Buy?
TOMI Environmental Solutions, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 TOMI Environmental Solutions, Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $0.709 ( 2.69%) | $0.729 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOMZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.768 | 5.41 % | |
| R2 | 0.746 | 2.31 % | ||
| R1 | 0.732 | 0.403 % | ||
| Current price: | 0.729 | |||
| Support | S1 | 0.687 | -5.78 % | |
| S2 | 0.673 | -7.69 % | ||
| S3 | 0.650 | -10.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.770 | 5.68 % | |
| R2 | 0.760 | 4.27 % | ||
| R1 | 0.735 | 0.84 % | ||
| Current price | 0.729 | |||
| Support | S1 | 0.689 | -5.47% | |
| S2 | 0.630 | -13.57% | ||
| S3 | 0.556 | -23.78% |
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