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 BKH
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Black Hills Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Black Hills Corporation stock price gained 3.49% on the last trading day (Wednesday, 27th Mar 2024), rising from $52.22 to $54.04. During the last trading day the stock fluctuated 2.95% from a day low at $52.54 to a day high of $54.09. The price has been going up and down for this period, and there has been a 2.46% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 59 thousand more shares were traded than the day before. In total, 473 thousand shares were bought and sold for approximately $25.55 million.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $55.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Black Hills Corporation stock with a 90% probability to be traded between $48.13 and $54.08 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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BKH Signals & Forecast

The Black Hills 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 $52.52 and $52.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 8.91%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Black Hills Corporation stock

Black Hills Corporation finds support from accumulated volume at $52.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.55 between high and low, or 2.95%. For the last week the stock has had daily average volatility of 1.70%.

Our recommended stop-loss: $51.95 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Black Hills Corporation to open at $53.56, and during the day (based on 14 day Average True Range), to move between $53.02 and $55.06, which gives a possible trading interval of +/-$1.02 (+/-1.89%) up or down from last closing price. If Black Hills Corporation takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $54.31 (0.50%) than the support at $52.36 (3.11%), 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 Black Hills Corporation stock A Buy?

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

Current score: 2.024 Buy Candidate Upgraded

Predicted Opening Price for Black Hills Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$53.56 ( 0.89%) $54.04

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

Trading levels for BKH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 55.11 1.97 %
R2 54.51 0.88 %
R1 54.15 0.201 %
Current price: 54.04
Support S1 52.96 -1.99 %
S2 52.60 -2.67 %
S3 52.01 -3.76 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 56.04 3.70 %
R2 54.97 1.72 %
R1 54.31 0.500 %
Current price 54.04
Support S1 52.36 -3.11%
S2 52.12 -3.55%
S3 50.06 -7.36%

BKH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 26, 2024 Feb 15, 2024 Mar 01, 2024 $0.650 1.26%
2 Oct 23, 2023 Nov 16, 2023 Dec 01, 2023 $0.625 1.17%
3 Jul 24, 2023 Aug 17, 2023 Sep 01, 2023 $0.625 1.14%
4 Apr 24, 2023 May 17, 2023 Jun 01, 2023 $0.625 1.03%
5 Jan 25, 2023 Feb 13, 2023 Mar 01, 2023 $0.625 1.02%

FAQ

What is the symbol for Black Hills Corporation Stock and on which exchange is it traded?
The symbol for Black Hills Corporation is BKH and it is traded on the NYSE (New York Stock Exchange).

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

How to buy Black Hills Corporation Stock?
Black Hills 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 Black Hills Corporation Stock.

What's the current price of Black Hills Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Black Hills Corporation (BKH) share was $54.04.

What is the 52-week high and low for Black Hills Corporation Stock?
The 52-week high for Black Hills Corporation Stock is $66.85 and the 52-week low is $46.43.

What is the market capitalization of Black Hills Corporation Stock?
As of the 2024-03-27, the market capitalization of Black Hills Corporation is 3.685B.

When is the next earnings date for Black Hills Corporation?
The upcoming earnings date for Black Hills Corporation is May 01, 2024.
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About Black Hills Corporation

Black Hills Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates in two segments, Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 218,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,481.5 megawatts of generation capacity and 8,892... BKH Profile

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