Alliqua BioMedical 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
Alliqua BioMedical stock price ended at $2.69 on Wednesday, after losing 0%.
(Updated on Sep 18, 2019)
No changes to the price of Alliqua BioMedical stock on the last trading day (Wednesday, 18th Sep 2019). During the last trading day the stock fluctuated 0% from a day low at $2.69 to a day high of $2.69. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Alliqua BioMedical stock with a 90% probability to be traded between $2.02 and $3.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ALQA Signals & Forecast
There are mixed signals in the stock today. The Alliqua BioMedical 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 $2.69 and $2.72. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, August 09, 2019, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Alliqua BioMedical stock
Alliqua BioMedical finds support from accumulated volume at $2.60 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 0%
Our recommended stop-loss: $2.53 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (ALQA) For The Upcoming Trading Day Of Thursday 19th
For the upcoming trading day on Thursday, 19th we expect Alliqua BioMedical to open at $2.69, and during the day (based on 14 day Average True Range), to move between $2.64 and $2.74, which gives a possible trading interval of +/-$0.0469 (+/-1.74%) up or down from last closing price. If Alliqua BioMedical takes out the full calculated possible swing range there will be an estimated 3.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.75 (2.23%) than the support at $2.60 (3.35%), 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 Alliqua BioMedical stock A Buy?
Alliqua BioMedical holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.155 Hold/Accumulate Unchanged
Predicted Opening Price for Alliqua BioMedical of Thursday, September 19, 2019
| Fair opening price September 19, 2019 | Current price |
|---|---|
| $2.69 ( 0%) | $2.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALQA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.69 | . | |
| R2 | 2.69 | . | ||
| R1 | 2.69 | . | ||
| Current price: | 2.69 | |||
| Support | S1 | 2.69 | . | |
| S2 | 2.69 | . | ||
| S3 | 2.69 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.00 | 11.52 % | |
| R2 | 2.85 | 5.95 % | ||
| R1 | 2.75 | 2.23 % | ||
| Current price | 2.69 | |||
| Support | S1 | 2.60 | -3.35% | |
| S2 | 2.25 | -16.36% | ||
| S3 | 2.02 | -24.91% |
FAQ
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