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: [ 20 - 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 BLOE.L
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Block Energy Plc stock price up 1.71% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 19, 2024 Loss -6.32% PDF

The Block Energy Plc stock price gained 1.71% on the last trading day (Wednesday, 27th Mar 2024), rising from £0.88 to £0.89. During the last trading day the stock fluctuated 9.84% from a day low at £0.86 to a day high of £0.95. The price has fallen in 5 of the last 10 days and is down by -8.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 458 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £1.05 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.05% during the next 3 months and, with a 90% probability hold a price between £0.671 and £0.97 at the end of this 3-month period.

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BLOE.L Signals & Forecast

Block Energy Plc 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Block Energy Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £0.92 and £0.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -15.24%. 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).

Support, Risk & Stop-loss for Block Energy Plc stock

Block Energy Plc finds support from accumulated volume at £0.88 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 £0.0850 between high and low, or 9.84%. For the last week, the stock has had daily average volatility of 4.80%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BLOE.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Block Energy Plc to open at £0.90, and during the day (based on 14 day Average True Range), to move between £0.82 and £0.96, which gives a possible trading interval of +/-£0.0671 (+/-7.54%) up or down from last closing price. If Block Energy Plc takes out the full calculated possible swing range there will be an estimated 15.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.88 (1.69%) than the resistance at £0.93 (3.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Block Energy Plc stock A Buy?

Block Energy Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.633 Sell Candidate Unchanged

Predicted Opening Price for Block Energy Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£0.90 ( 1.24%) £0.89

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

Trading levels for BLOE.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.99 10.79 %
R2 0.95 7.14 %
R1 0.93 4.88 %
Current price: 0.89
Support S1 0.87 -2.41 %
S2 0.85 -4.67 %
S3 0.82 -8.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.05 17.98 %
R2 1.00 12.36 %
R1 0.93 3.93 %
Current price 0.89
Support S1 0.88 -1.69%
S2 0.87 -2.13%
S3 0.83 -7.30%

FAQ

What is the symbol for Block Energy Plc Stock and on which exchange is it traded?
The symbol for Block Energy Plc is BLOE.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Block Energy Plc Stock?
Block Energy Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Block Energy Plc Stock?
Block Energy 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 Block Energy Plc Stock.

What's the current price of Block Energy Plc Stock?
As of the end of day on the 2024-03-27, the price of an Block Energy Plc (BLOE.L) share was £0.89.

What is the 52-week high and low for Block Energy Plc Stock?
The 52-week high for Block Energy Plc Stock is £2.04 and the 52-week low is £0.660.

What is the market capitalization of Block Energy Plc Stock?
As of the 2024-03-27, the market capitalization of Block Energy Plc is 6.45M.

When is the next earnings date for Block Energy Plc?
The upcoming earnings date for Block Energy Plc is May 09, 2024.
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About Block Energy Plc

Block Energy Plc Block Energy Plc explores for, develops, and produces oil and gas in the Republic of Georgia. Its flagship field is the 100% owned West Rustavi onshore oil and gas field located in Kura basin. The company also owns 100% working interests in Block IX, Block XI, and Norio onshore oil fields, and 90% working interest in Satskhenisi onshore oil field located in Kura basin. The company was formerly known as Goldcrest Resources Plc and changed its name... BLOE.L Profile

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