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 ARAY
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Accuray Incorporated stock price ended at $2.47 on Thursday, after gaining 1.65%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 13, 2024 Loss -7.84% PDF

The Accuray Incorporated stock price gained 1.65% on the last trading day (Thursday, 28th Mar 2024), rising from $2.43 to $2.47. During the last trading day the stock fluctuated 3.51% from a day low at $2.43 to a day high of $2.51. The price has fallen in 5 of the last 10 days and is down by -4.63% for this period. Volume fell on the last day by -180 thousand shares and in total, 411 thousand shares were bought and sold for approximately $1.01 million. 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 -8.85% during the next 3 months and, with a 90% probability hold a price between $2.02 and $2.59 at the end of this 3-month period.

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ARAY Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 4.22%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Accuray Incorporated 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 $2.48 and $2.64. A break-up above any of these levels will issue buy signals. 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.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, March 26, 2024 and based on theory for this formation the price should go up by 25.78% to $3.11 within 35 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for Accuray Incorporated stock

Accuray Incorporated finds support from accumulated volume at $2.45 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 $0.0850 between high and low, or 3.51%. For the last week the stock has had daily average volatility of 3.57%.

Accuray Incorporated is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ARAY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Accuray Incorporated to open at $2.47, and during the day (based on 14 day Average True Range), to move between $2.37 and $2.57, which gives a possible trading interval of +/-$0.102 (+/-4.13%) up or down from last closing price. If Accuray Incorporated takes out the full calculated possible swing range there will be an estimated 8.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.45 (0.81%) than the resistance at $2.56 (3.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Accuray Incorporated stock A Buy?

Accuray Incorporated holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.534 Sell Candidate Unchanged

Predicted Opening Price for Accuray Incorporated of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.47 ( 0.0675%) $2.47

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

Trading levels for ARAY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.55 3.37 %
R2 2.52 2.06 %
R1 2.50 1.25 %
Current price: 2.47
Support S1 2.44 -1.38 %
S2 2.42 -2.19 %
S3 2.38 -3.51 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.85 15.38 %
R2 2.61 5.67 %
R1 2.56 3.64 %
Current price 2.47
Support S1 2.45 -0.81%
S2 2.43 -1.62%
S3 2.37 -4.05%

FAQ

What is the symbol for Accuray Incorporated Stock and on which exchange is it traded?
The symbol for Accuray Incorporated is ARAY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Accuray Incorporated Stock?
Accuray Incorporated holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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

What's the current price of Accuray Incorporated Stock?
As of the end of day on the 2024-03-28, the price of an Accuray Incorporated (ARAY) share was $2.47.

What is the 52-week high and low for Accuray Incorporated Stock?
The 52-week high for Accuray Incorporated Stock is $4.30 and the 52-week low is $2.36.

What is the market capitalization of Accuray Incorporated Stock?
As of the 2024-03-28, the market capitalization of Accuray Incorporated is 244.947M.

When is the next earnings date for Accuray Incorporated?
The upcoming earnings date for Accuray Incorporated is Apr 24, 2024.
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About Accuray Incorporated

Accurayorporated Accuray Incorporated designs, develops, manufactures, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the Americas, Europe, the Middle East, India, Africa, Japan, China, and rest of the Asia Pacific region. It offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body, such as prostate,... ARAY Profile

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