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 BRDCY
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Bridgestone Corp (ADR) stock price up 1.38% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 29, 2024 Gain 3.89% PDF

The Bridgestone Corp (ADR) stock price gained 1.38% on the last trading day (Wednesday, 27th Mar 2024), rising from $21.92 to $22.22. During the last trading day the stock fluctuated 1.73% from a day low at $22.15 to a day high of $22.53. The price has risen in 6 of the last 10 days and is up by 7.35% 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, 45 thousand more shares were traded than the day before. In total, 77 thousand shares were bought and sold for approximately $1.70 million.

The stock lies in the upper part of a 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 $22.35 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.10% during the next 3 months and, with a 90% probability hold a price between $21.68 and $23.27 at the end of this 3-month period.

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BRDCY Signals & Forecast

The Bridgestone Corp (ADR) 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 $21.99 and $21.34. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -0.394%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, January 09, 2024 in the short-term chart.

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.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, January 09, 2024 in the short-term chart.

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.

Support, Risk & Stop-loss for Bridgestone Corp (ADR) stock

Bridgestone Corp (ADR) finds support from accumulated volume at $22.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.383 (1.73%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: $21.39 (-3.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Bridgestone Corp (ADR) to open at $22.30, and during the day (based on 14 day Average True Range), to move between $21.71 and $22.74, which gives a possible trading interval of +/-$0.516 (+/-2.32%) up or down from last closing price. If Bridgestone Corp (ADR) takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.31 (0.40%) than the support at $22.02 (0.91%), 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 Bridgestone Corp (ADR) 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 Bridgestone Corp (ADR) stock to perform well in the short-term.

Current score: 2.835 Buy Candidate Unchanged

Predicted Opening Price for Bridgestone Corp (ADR) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$22.30 ( 0.359%) $22.22

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

Trading levels for BRDCY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 22.69 2.08 %
R2 22.54 1.43 %
R1 22.45 1.02 %
Current price: 22.22
Support S1 22.16 -0.300 %
S2 22.06 -0.707 %
S3 21.92 -1.37 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 22.31 0.396 %
Current price 22.22
Support S1 22.02 -0.91%
S2 21.79 -1.94%
S3 21.37 -3.83%

BRDCY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 28, 2023 Dec 28, 2023 Mar 01, 2024 $0.309 1.44%
2 Jun 29, 2023 Jun 29, 2023 Sep 18, 2023 $0.245 1.22%
3 Dec 29, 2022 Dec 29, 2022 Apr 13, 2023 $0.243 1.22%
4 Jun 29, 2022 Jun 29, 2022 Sep 18, 2023 $0.222 1.10%
5 Dec 29, 2021 Dec 29, 2021 Dec 29, 2021 $0.349 1.62%

FAQ

What is the symbol for Bridgestone Corp (ADR) Stock and on which exchange is it traded?
The symbol for Bridgestone Corp (ADR) is BRDCY and it is traded on the PINK (Pink Sheets).

Should I buy or sell Bridgestone Corp (ADR) 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 Bridgestone Corp (ADR) stock to perform well in the short-term.

How to buy Bridgestone Corp (ADR) Stock?
Bridgestone Corp (ADR) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bridgestone Corp (ADR) Stock.

What's the current price of Bridgestone Corp (ADR) Stock?
As of the end of day on the 2024-03-27, the price of an Bridgestone Corp (ADR) (BRDCY) share was $22.22.

What is the 52-week high and low for Bridgestone Corp (ADR) Stock?
The 52-week high for Bridgestone Corp (ADR) Stock is $22.55 and the 52-week low is $18.30.

What is the market capitalization of Bridgestone Corp (ADR) Stock?
As of the 2024-03-27, the market capitalization of Bridgestone Corp (ADR) is 30.429B.

When is the next earnings date for Bridgestone Corp (ADR)?
The upcoming earnings date for Bridgestone Corp (ADR) is May 20, 2024.
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About Bridgestone Corp (ADR)

Bridgestone  (ADR) Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. It operates through two segments, Tires and Diversified Products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles, scooters, etc.; automotive parts; retreading materials and services; automotive maintenance and rep... BRDCY Profile

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