Saint Jean Carbon 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
Saint Jean Carbon Inc. stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
No changes to the price of Saint Jean Carbon Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0431 to a day high of $0.0431. The price has been going up and down for this period, and there has been a -4.22% loss for the last 2 weeks.
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 -29.48% during the next 3 months and, with a 90% probability hold a price between $0.0206 and $0.0339 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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TORVF Signals & Forecast
There are few to no technical positive signals at the moment. The Saint Jean Carbon Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0432 and $0.0484. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Saint Jean Carbon Inc. stock
Saint Jean Carbon Inc. finds support from accumulated volume at $0.0423 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 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 2.27%
Saint Jean Carbon Inc. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $0.0411 (-4.60%) (This stock has low daily movements and this gives low risk. Low RSI14 is 20 which reduces the risk some. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TORVF) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Saint Jean Carbon Inc. to open at $0.0431, and during the day (based on 14 day Average True Range), to move between $0.0411 and $0.0451, which gives a possible trading interval of +/-$0.0020 (+/-4.64%) up or down from last closing price. If Saint Jean Carbon Inc. takes out the full calculated possible swing range there will be an estimated 9.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0423 (1.86%) than the resistance at $0.0487 (12.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Saint Jean Carbon Inc. stock A Buy?
Saint Jean Carbon 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Saint Jean Carbon Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0431 ( 0%) | $0.0431 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TORVF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0431 | . | |
| R2 | 0.0431 | . | ||
| R1 | 0.0431 | . | ||
| Current price: | 0.0431 | |||
| Support | S1 | 0.0431 | . | |
| S2 | 0.0431 | . | ||
| S3 | 0.0431 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0506 | 17.40 % | |
| R2 | 0.0501 | 16.13 % | ||
| R1 | 0.0487 | 12.99 % | ||
| Current price | 0.0431 | |||
| Support | S1 | 0.0423 | -1.86% | |
| S2 | 0.0417 | -3.34% | ||
| S3 | 0 | . |
FAQ
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