SolarWindow Technologies, 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
Big movements in SolarWindow Technologies, Inc. stock price on Friday moving 29.63% between high and low
(Updated on May 17, 2024)
The SolarWindow Technologies, Inc. stock price gained 12.90% on the last trading day (Friday, 17th May 2024), rising from $0.310 to $0.350. During the last trading day the stock fluctuated 29.63% from a day low at $0.270 to a day high of $0.350. The price has been going up and down for this period, and there has been a 4.48% 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, 29 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately $11.11 thousand.
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 -11.85% during the next 3 months and, with a 90% probability hold a price between $0.245 and $0.358 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WNDW Signals & Forecast
The SolarWindow Technologies, 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 $0.321 and $0.326. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 16.67%. Further rise is indicated until a new top pivot has been found. SolarWindow Technologies, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, May 10, 2024 and based on theory for this formation the price should go up by 5.05% to $0.368 within 3 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for SolarWindow Technologies, Inc. stock
SolarWindow Technologies, Inc. finds support from accumulated volume at $0.340 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0800 between high and low, or 29.63%. For the last week, the stock has had daily average volatility of 426.24%.
Our recommended stop-loss: $0.336 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (WNDW) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SolarWindow Technologies, Inc. to open at $0.323, and during the day (based on 14 day Average True Range), to move between $0.272 and $0.428, which gives a possible trading interval of +/-$0.0782 (+/-22.34%) up or down from last closing price. If SolarWindow Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 44.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.340 (2.86%) than the resistance at $0.370 (5.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SolarWindow Technologies, 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 Sell to a Buy candidate.
Current score: 3.133 Buy Candidate Upgraded
Predicted Opening Price for SolarWindow Technologies, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.323 ( 7.62%) | $0.350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WNDW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.403 | 15.24 % | |
| R2 | 0.373 | 6.51 % | ||
| R1 | 0.354 | 1.11 % | ||
| Current price: | 0.350 | |||
| Support | S1 | 0.293 | -16.35 % | |
| S2 | 0.274 | -21.74 % | ||
| S3 | 0.243 | -30.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.400 | 14.29 % | |
| R2 | 0.389 | 11.14 % | ||
| R1 | 0.370 | 5.71 % | ||
| Current price | 0.350 | |||
| Support | S1 | 0.340 | -2.86% | |
| S2 | 0.330 | -5.71% | ||
| S3 | 0.310 | -11.43% |
FAQ
Click here for our free guide on how to buy SolarWindow Technologies, Inc. Stock.
