Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, which purpose is to provide a relative definition of high and low. This defintion is used to identify buy and sell signals and have 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. Get-A-Graph 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)
Bottlenecks in bandwidth indicates a upcoming change. Break up through the moving average line, or continuously movements above the moving average line indicates a break up, and vice versa downwards.
AKRX Forecast and Technical Stock Analysis
Hold candidate since 2019-09-16 Loss -3.13% PDF
Akorn fell by -3.13% in the last day ( Tuesday, 17th Sep 2019 ) from $3.83 to $3.71 During the day the stock fluctuated 7.30% from a day low at $3.56 to a day high of $3.82. The price has risen in 5 of the last 10 days and is up by 35.4% over the past 2 weeks. Volume has increased in the last day by 0.96 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2.80 million shares bought and sold for approximately $10.39 million.
- 30 day high of the AKRX stock price was $3.92 and low was $2.49.
- 90 day high was $5.46 and low was $2.34.
- 52 week high for Akorn - $13.70 and low - $2.34.
Akorn lies the upper part of a very wide and falling trend in the short term, and this will 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 $3.79 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -38.29% during the next 3 months and, with 90% probability hold a price between $1.07 and $2.34 at the end of this period.
Akorn holds buy signals from both short- and long-term moving averages. In addition, 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 $3.51 and $3.06. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday September 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 72 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Akorn finds support from accumulated volume at $3.64.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.26 between high and low, or 7.30%. For the last week, the stock has had a daily average volatility of 11.31%.
Our recommended stop-loss: $3.51 (-5.29%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 day(s) ago.)
11.31 %Average volatility
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|AKRX $3.71 ($-0.12 -3.13%)|
AKRX is down $0.12 today, but where's it headed in 2019?
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