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.
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ASML Forecast and Technical Stock Analysis
Buy candidate since 2019-11-11 Gain 1.20% PDF
ASML Holding N.V. gained 0.87% in the last trading day ( Wednesday, 13th Nov 2019 ), rising from $267.59 to $269.92 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.19% from a day low at $267.31 to a day high of $270.49. The price has fallen in 6 of the last 10 days , but is still up by 1.61% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 86 570 more shares were traded than the day before. In total, 422 693 shares bought and sold for approximately $114.09 million.
- 30 day high of the ASML stock price was $275.00 and low was $252.33.
- 90 day high was $275.00 and low was $207.58.
- 52 week high for ASML Holding N.V. - $275.00 and low - $144.50.
ASML Holding N.V. lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.27% during the next 3 months and, with 90% probability hold a price between $332.98 and $362.57 at the end of this period.
Only positive signals in the chart today. ASML Holding N.V. 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 $268.53 and $258.28. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday November 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 58 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
On the downside, the stock finds support just below today's level from accumulated volume at $254.47 and $254.42.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ASML Holding N.V. finds support just below today's level at $254.47. If this is broken, then the next support from accumulated volume will be at $254.42 and $253.76.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.19 (1.19%) between high and low. For the last week, the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: $254.60 (-5.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
1.14 %Average volatility
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|ASML $269.92 ($2.33 0.87%)|
ASML is up $2.33 today, but where's it headed in 2020?
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Golden Star Signal
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