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.
America First Multifamily Investors Forecast and Stock Analysis
Technical ATAX stock analysis for Friday May 24, 2019.
|Price to book||USD 1.39|
|Next Earnings Date||2019-08-11|
No changes to the price of America First Multifamily Investors in the last trading day ( Friday, 24th May 2019 ). During day the stock fluctuated 0.00% from a day low at $7.08 to a day high of $7.08. The price has risen in 5 of the last 10 days and is up by 0.14% over the past 2 weeks.
- 30 day high of the ATAX stock price was $7.24 and low was $6.67.
- 90 day high was $7.24 and low was $6.62.
- 52 week high for the America First Multifamily Investors - $7.24 and low - $5.17.
America First Multifamily Investors lies in the middle of a 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 5.37% during the next 3 months and, with 90% probability hold a price between $7.11 and $7.68 at the end of this period.
America First Multifamily Investors holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $7.09. On a fall, the stock will find some support from the long-term average at approximately $6.94. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday May 15, 2019, which indicates further falls until a new bottom pivot has been found. 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
America First Multifamily Investors finds support from accumulated volume at $6.84.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 1.07%.
Our recommended stoploss: $6.79 (-4.16%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 7 days ago.)
1.07 %Average volatility
Very Low Low Medium High Very High
America First Multifamily Investors holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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|ATAX $7.08 ($0.00 0.00%)|
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