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 ALIM
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Alimera Sciences stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Alimera Sciences stock price gained 0.775% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.87 to $3.90. During the last trading day the stock fluctuated 4.37% from a day low at $3.78 to a day high of $3.95. The price has risen in 6 of the last 10 days and is up by 2.09% over the past 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 42 thousand shares were bought and sold for approximately $163.11 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 -3.07% during the next 3 months and, with a 90% probability hold a price between $3.10 and $4.06 at the end of this 3-month period.

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ALIM Signals & Forecast

The Alimera Sciences stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.96. On a fall, the stock will find some support from the long-term average at approximately $3.74. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, March 15, 2024, and so far it has fallen -7.36%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Alimera Sciences stock

Alimera Sciences finds support from accumulated volume at $3.89 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.165 between high and low, or 4.37%. For the last week the stock has had daily average volatility of 5.61%.

Our recommended stop-loss: $3.69 (-5.27%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (ALIM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Alimera Sciences to open at $3.88, and during the day (based on 14 day Average True Range), to move between $3.66 and $4.14, which gives a possible trading interval of +/-$0.241 (+/-6.18%) up or down from last closing price. If Alimera Sciences takes out the full calculated possible swing range there will be an estimated 12.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.89 (0.26%) than the resistance at $3.99 (2.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Alimera Sciences stock A Buy?

Alimera Sciences 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: -0.413 Hold/Accumulate Upgraded

Predicted Opening Price for Alimera Sciences of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$3.88 ( 0.641%) $3.90

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

Trading levels for ALIM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.04 3.59 %
R2 3.98 1.97 %
R1 3.94 0.98 %
Current price: 3.90
Support S1 3.81 -2.26 %
S2 3.77 -3.26 %
S3 3.71 -4.87 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.21 7.95 %
R2 4.08 4.62 %
R1 3.99 2.31 %
Current price 3.90
Support S1 3.89 -0.256%
S2 3.87 -0.769%
S3 3.34 -14.36%

FAQ

What is the symbol for Alimera Sciences Stock and on which exchange is it traded?
The symbol for Alimera Sciences is ALIM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Alimera Sciences Stock?
Alimera Sciences 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.

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

What's the current price of Alimera Sciences Stock?
As of the end of day on the 2024-03-27, the price of an Alimera Sciences (ALIM) share was $3.90.

What is the 52-week high and low for Alimera Sciences Stock?
The 52-week high for Alimera Sciences Stock is $4.38 and the 52-week low is $1.56.

What is the market capitalization of Alimera Sciences Stock?
As of the 2024-03-27, the market capitalization of Alimera Sciences is 204.182M.

When is the next earnings date for Alimera Sciences?
The upcoming earnings date for Alimera Sciences is May 20, 2024.
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About Alimera Sciences

Alimera Sciences Alimera Sciences, Inc., a pharmaceutical company, engages in the development and commercialization of ophthalmic pharmaceuticals in the United States and internationally. It offers ILUVIEN, an intravitreal implant for the treatment of diabetic macular edema (DME), which is a disease of the retina that affects individuals with diabetes and lead to severe vision loss and blindness; and to prevent relapse in recurrent non-infectious uveitis affectin... ALIM Profile

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