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 ASTC
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Astrotech Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 7.83% PDF

The Astrotech Corporation stock price gained 1.70% on the last trading day (Thursday, 28th Mar 2024), rising from $8.80 to $8.95. During the last trading day the stock fluctuated 8.09% from a day low at $8.28 to a day high of $8.95. The price has risen in 5 of the last 10 days and is up by 8.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 458 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $19.22 thousand.

The stock lies in the middle of a wide and weak 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 9.42% during the next 3 months and, with a 90% probability hold a price between $8.46 and $10.23 at the end of this 3-month period.

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ASTC Signals & Forecast

Mostly positive signals in the chart today. The Astrotech Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $8.70 and $8.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, January 23, 2024, and so far it has risen 25.70%. 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). Astrotech Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Astrotech Corporation stock

Astrotech Corporation finds support from accumulated volume at $8.88 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.670 between high and low, or 8.09%. For the last week, the stock has had daily average volatility of 3.09%.

Our recommended stop-loss: $8.63 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 46 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Astrotech Corporation to open at $8.73, and during the day (based on 14 day Average True Range), to move between $8.57 and $9.33, which gives a possible trading interval of +/-$0.384 (+/-4.29%) up or down from last closing price. If Astrotech Corporation takes out the full calculated possible swing range there will be an estimated 8.58% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $8.88, some $0.0699 (0.78%) from the current price of $8.95, our system finds the risk reward attractive.

Is Astrotech Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Astrotech Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.365 Buy Candidate Upgraded

Predicted Opening Price for Astrotech Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.73 ( 2.49%) $8.95

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

Trading levels for ASTC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.40 4.99 %
R2 9.14 2.13 %
R1 8.98 0.365 %
Current price: 8.95
Support S1 8.47 -5.35 %
S2 8.31 -7.12 %
S3 8.06 -9.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 8.95
Support S1 8.88 -0.781%
S2 8.30 -7.26%
S3 7.80 -12.85%

FAQ

What is the symbol for Astrotech Corporation Stock and on which exchange is it traded?
The symbol for Astrotech Corporation is ASTC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Astrotech Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Astrotech Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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

What's the current price of Astrotech Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Astrotech Corporation (ASTC) share was $8.95.

What is the 52-week high and low for Astrotech Corporation Stock?
The 52-week high for Astrotech Corporation Stock is $15.11 and the 52-week low is $7.00.

What is the market capitalization of Astrotech Corporation Stock?
As of the 2024-03-28, the market capitalization of Astrotech Corporation is 15.23M.

When is the next earnings date for Astrotech Corporation?
The upcoming earnings date for Astrotech Corporation is May 09, 2024.
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About Astrotech Corporation

Astrotech Astrotech Corporation operates as a science and technology development and commercialization company worldwide. It operates through three segments, Astrotech Technologies, Inc. (ATI), 1st Detect Corporation (1st Detect), and AgLAB Inc (AgLAB). The ATI segment owns and licenses the AMS Technology, the platform mass spectrometry technology. The 1st Detect segment manufactures explosives and narcotics trace detectors for use at airports, secured fac... ASTC Profile

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