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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TTT.AX
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Volatile ride for Titomic Limited stock price on Monday moving between $0.0880 and $0.105
(Updated on May 20, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 168.57% PDF

The Titomic Limited stock price fell by -2.08% on the last day (Monday, 20th May 2024) from $0.0960 to $0.0940. During the last trading day the stock fluctuated 19.32% from a day low at $0.0880 to a day high of $0.105. The price has risen in 7 of the last 10 days and is up by 51.61% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -558 thousand shares and in total, 5 million shares were bought and sold for approximately $451.89 thousand.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0970 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 151.69% during the next 3 months and, with a 90% probability hold a price between $0.172 and $0.244 at the end of this 3-month period.

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TTT.AX Signals & Forecast

The Titomic Limited 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 $0.0904 and $0.0674. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -2.08%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Titomic Limited stock

Titomic Limited finds support from accumulated volume at $0.0920 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0170 between high and low, or 19.32%. For the last week the stock has had daily average volatility of 12.90%.

Our recommended stop-loss: $0.0907 (-3.54%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (TTT.AX) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Titomic Limited to open at $0.0957, and during the day (based on 14 day Average True Range), to move between $0.0849 and $0.103, which gives a possible trading interval of +/-$0.0091 (+/-9.69%) up or down from last closing price. If Titomic Limited takes out the full calculated possible swing range there will be an estimated 19.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0960 (2.13%) than the support at $0.0920 (2.13%), 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 Titomic Limited 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 Titomic Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.604 Buy Candidate Upgraded

Predicted Opening Price for Titomic Limited of Tuesday, May 21, 2024

Fair opening price May 21, 2024 Current price
$0.0957 ( 1.77%) $0.0940

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TTT.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.113 19.86 %
R2 0.106 12.95 %
R1 0.102 8.68 %
Current price: 0.0940
Support S1 0.0892 -5.14 %
S2 0.0852 -9.40 %
S3 0.0787 -16.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0.0960 2.13 %
Current price 0.0940
Support S1 0.0920 -2.13%
S2 0.0840 -10.64%
S3 0.0760 -19.15%

FAQ

What is the symbol for Titomic Limited Stock and on which exchange is it traded?
The symbol for Titomic Limited is TTT.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Titomic Limited Stock?
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 Titomic Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Titomic Limited Stock?
Titomic Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Titomic Limited Stock.

What's the current price of Titomic Limited Stock?
As of the end of day on the May 20, 2024, the price of an Titomic Limited (TTT.AX) share was $0.0940.

What is the 52-week high and low for Titomic Limited Stock?
The 52-week high for Titomic Limited Stock is $0.105 and the 52-week low is $0.0110.

What is the market capitalization of Titomic Limited Stock?
As of the May 20, 2024, the market capitalization of Titomic Limited is 95M.

When is the next earnings date for Titomic Limited?
The upcoming earnings date for Titomic Limited is Jul 29, 2024.
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About Titomic Limited

Titomic Limited Titomic Limited engages in additive manufacturing activities in Australia. The company focuses on the development and commercialization of the Titomic Kinetic Fusion (TKF) process, an additive manufacturing technology that is used for the application of cold-gas dynamic spraying of titanium or titanium alloy particles onto a scaffold to produce a load-bearing structure. It provides metal powders for additive manufacturing; TKF manufacturing syste... TTT.AX Profile

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