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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 BXC
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BlueLinx Holdings Inc stock price down 0.563% on Friday
(Updated on Apr 26, 2024)

Hold candidate since Apr 25, 2024 Loss -0.56% PDF

The BlueLinx Holdings Inc stock price fell by -0.563% on the last day (Friday, 26th Apr 2024) from $113.59 to $112.95. During the last trading day the stock fluctuated 2.43% from a day low at $112.83 to a day high of $115.58. The price has fallen in 7 of the last 10 days and is down by -3.87% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -12 thousand shares and in total, 51 thousand shares were bought and sold for approximately $5.73 million.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $108.58 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect BlueLinx Holdings Inc stock with a 90% probability to be traded between $109.04 and $132.02 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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BXC Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.06%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BlueLinx Holdings Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $120.55. On a fall, the stock will find some support from the short-term average at $111.54. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for BlueLinx Holdings Inc stock

BlueLinx Holdings Inc finds support from accumulated volume at $112.31 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 $2.75 between high and low, or 2.43%. For the last week, the stock has had daily average volatility of 3.56%.

BlueLinx Holdings Inc is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $106.96 (-5.30%) (This stock has high daily movements and this gives high risk. Low RSI14 is 24 which reduces the risk some. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (BXC) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect BlueLinx Holdings Inc to open at $113.79, and during the day (based on 14 day Average True Range), to move between $108.91 and $116.99, which gives a possible trading interval of +/-$4.04 (+/-3.58%) up or down from last closing price. If BlueLinx Holdings Inc takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $112.31 (0.57%) than the resistance at $114.85 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BlueLinx Holdings Inc stock A Buy?

BlueLinx Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.230 Hold/Accumulate Unchanged

Predicted Opening Price for BlueLinx Holdings Inc of Monday, April 29, 2024

Fair opening price April 29, 2024 Current price
$113.79 ( 0.739%) $112.95

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

Trading levels for BXC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 116.53 3.17 %
R2 115.48 2.24 %
R1 114.83 1.67 %
Current price: 112.95
Support S1 112.74 -0.189 %
S2 112.09 -0.763 %
S3 111.04 -1.69 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 115.50 2.26 %
R2 115.34 2.12 %
R1 114.85 1.68 %
Current price 112.95
Support S1 112.31 -0.567%
S2 112.29 -0.584%
S3 109.77 -2.82%

BXC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 31, 2007 Dec 12, 2007 Dec 28, 2007 $1.25 3.09%
2 Aug 08, 2007 Sep 12, 2007 Sep 28, 2007 $1.25 1.78%
3 May 07, 2007 Jun 13, 2007 Jun 29, 2007 $1.25 1.19%
4 Jan 23, 2007 Mar 14, 2007 Mar 30, 2007 $1.25 1.19%
5 Nov 01, 2006 Dec 13, 2006 Dec 29, 2006 $1.25 1.20%

FAQ

What is the symbol for BlueLinx Holdings Inc Stock and on which exchange is it traded?
The symbol for BlueLinx Holdings Inc is BXC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell BlueLinx Holdings Inc Stock?
BlueLinx Holdings Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy BlueLinx Holdings Inc Stock?
BlueLinx Holdings Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy BlueLinx Holdings Inc Stock.

What's the current price of BlueLinx Holdings Inc Stock?
As of the end of day on the Apr 26, 2024, the price of an BlueLinx Holdings Inc (BXC) share was $112.95.

What is the 52-week high and low for BlueLinx Holdings Inc Stock?
The 52-week high for BlueLinx Holdings Inc Stock is $132.67 and the 52-week low is $66.58.

What is the market capitalization of BlueLinx Holdings Inc Stock?
As of the Apr 26, 2024, the market capitalization of BlueLinx Holdings Inc is 977.023M.

When is the next earnings date for BlueLinx Holdings Inc?
The upcoming earnings date for BlueLinx Holdings Inc is May 16, 2024.
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About BlueLinx Holdings Inc

BlueLinx Holdings BlueLinx Holdings Inc., together with its subsidiaries, distributes residential and commercial building products in the United States. The company distributes specialty products comprising engineered wood, industrial products, cedar, moulding, siding, metal, and insulation products; and structural products include lumber, plywood, oriented strand boards, rebars and remesh, spruce, and other wood products primarily that are used for structural sup... BXC Profile

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