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 AVDL
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Avadel Pharmaceuticals plc stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 04, 2024 Gain 4.40% PDF

The Avadel Pharmaceuticals plc stock price gained 3.69% on the last trading day (Wednesday, 27th Mar 2024), rising from $16.24 to $16.84. During the last trading day the stock fluctuated 3.69% from a day low at $16.26 to a day high of $16.86. The price has risen in 6 of the last 10 days and is up by 4.73% over the past 2 weeks. Volume fell on the last day by -103 thousand shares and in total, 356 thousand shares were bought and sold for approximately $5.99 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 upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $17.52 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.47% during the next 3 months and, with a 90% probability hold a price between $14.28 and $19.18 at the end of this 3-month period.

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AVDL Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -2.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Avadel Pharmaceuticals plc 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 $16.62 and $14.96. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Avadel Pharmaceuticals plc stock

Avadel Pharmaceuticals plc finds support from accumulated volume at $16.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.600 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 3.88%.

Our recommended stop-loss: $16.16 (-4.05%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (AVDL) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Avadel Pharmaceuticals plc to open at $16.65, and during the day (based on 14 day Average True Range), to move between $16.08 and $17.60, which gives a possible trading interval of +/-$0.755 (+/-4.48%) up or down from last closing price. If Avadel Pharmaceuticals plc takes out the full calculated possible swing range there will be an estimated 8.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.09 (1.48%) than the support at $16.16 (4.07%), 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 Avadel Pharmaceuticals plc 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 Avadel Pharmaceuticals plc 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: 1.983 Buy Candidate Upgraded

Predicted Opening Price for Avadel Pharmaceuticals plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$16.65 ( 1.11%) $16.84

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

Trading levels for AVDL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.25 2.45 %
R2 17.02 1.09 %
R1 16.88 0.253 %
Current price: 16.84
Support S1 16.42 -2.47 %
S2 16.28 -3.31 %
S3 16.05 -4.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 17.22 2.26 %
R1 17.09 1.48 %
Current price 16.84
Support S1 16.16 -4.07%
S2 16.13 -4.22%
S3 13.72 -18.53%

FAQ

What is the symbol for Avadel Pharmaceuticals plc Stock and on which exchange is it traded?
The symbol for Avadel Pharmaceuticals plc is AVDL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Avadel Pharmaceuticals plc 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 Avadel Pharmaceuticals plc 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 Avadel Pharmaceuticals plc Stock?
Avadel Pharmaceuticals plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Avadel Pharmaceuticals plc Stock.

What's the current price of Avadel Pharmaceuticals plc Stock?
As of the end of day on the 2024-03-27, the price of an Avadel Pharmaceuticals plc (AVDL) share was $16.84.

What is the 52-week high and low for Avadel Pharmaceuticals plc Stock?
The 52-week high for Avadel Pharmaceuticals plc Stock is $17.44 and the 52-week low is $8.00.

What is the market capitalization of Avadel Pharmaceuticals plc Stock?
As of the 2024-03-27, the market capitalization of Avadel Pharmaceuticals plc is 1.513B.

When is the next earnings date for Avadel Pharmaceuticals plc?
The upcoming earnings date for Avadel Pharmaceuticals plc is May 02, 2024.
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