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 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BYG.L
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Big Yellow Group plc 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 Big Yellow Group plc stock price gained 1.15% on the last trading day (Wednesday, 27th Mar 2024), rising from £1,045.00 to £1,057.00. During the last trading day the stock fluctuated 2.98% from a day low at £1,042.00 to a day high of £1,073.00. The price has risen in 6 of the last 10 days and is up by 0.38% 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, 241 thousand more shares were traded than the day before. In total, 433 thousand shares were bought and sold for approximately £458.10 million.

The stock lies the upper part of a wide and falling 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 £1,076.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.86% during the next 3 months and, with a 90% probability hold a price between £830.05 and £937.74 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BYG.L Signals & Forecast

Mostly positive signals in the chart today. The Big Yellow Group 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 £1,052.71 and £1,049.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 5.38%. Further rise is indicated until a new top pivot has been found. 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.

Support, Risk & Stop-loss for Big Yellow Group plc stock

Big Yellow Group plc finds support from accumulated volume at £1,044.00 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 £31.00 between high and low, or 2.98%. For the last week the stock has had daily average volatility of 2.10%.

Our recommended stop-loss: £994.85 (-5.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Big Yellow Group plc to open at £1,057.33, and during the day (based on 14 day Average True Range), to move between £1,032.82 and £1,081.18, which gives a possible trading interval of +/-£24.18 (+/-2.29%) up or down from last closing price. If Big Yellow Group plc takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £1,044.00 (1.23%) than the resistance at £1,084.00 (2.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Big Yellow Group plc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.258 Buy Candidate Upgraded

Predicted Opening Price for Big Yellow Group plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£1,057.33 ( 0.0315%) £1,057.00

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

Trading levels for BYG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,088.33 2.96 %
R2 1,076.49 1.84 %
R1 1,069.18 1.15 %
Current price: 1,057.00
Support S1 1,045.49 -1.09 %
S2 1,038.18 -1.78 %
S3 1,026.33 -2.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,142.00 8.04 %
R2 1,098.00 3.88 %
R1 1,084.00 2.55 %
Current price 1,057.00
Support S1 1,044.00 -1.23%
S2 1,040.00 -1.61%
S3 1,003.00 -5.11%

BYG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 04, 2024 Jan 04, 2024 Jan 04, 2024 £0 0%
2 Jul 06, 2023 Jul 06, 2023 Jul 06, 2023 £22.90 2.25%
3 Nov 21, 2022 Jan 05, 2023 Jan 26, 2023 £22.30 1.86%
4 May 23, 2022 Jul 07, 2022 Jul 29, 2022 £21.40 1.50%
5 Nov 22, 2021 Dec 02, 2021 Jan 07, 2022 £20.60 1.25%

FAQ

What is the symbol for Big Yellow Group plc Stock and on which exchange is it traded?
The symbol for Big Yellow Group plc is BYG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Big Yellow Group plc Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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 Big Yellow Group plc Stock?
Big Yellow Group 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 Big Yellow Group plc Stock.

What's the current price of Big Yellow Group plc Stock?
As of the end of day on the 2024-03-27, the price of an Big Yellow Group plc (BYG.L) share was £1,057.00.

What is the 52-week high and low for Big Yellow Group plc Stock?
The 52-week high for Big Yellow Group plc Stock is £1,260.00 and the 52-week low is £901.00.

What is the market capitalization of Big Yellow Group plc Stock?
As of the 2024-03-27, the market capitalization of Big Yellow Group plc is 2.062B.

When is the next earnings date for Big Yellow Group plc?
The upcoming earnings date for Big Yellow Group plc is May 20, 2024.
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About Big Yellow Group plc

Big Yellow Group plc Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 103 stores, including 25 stores branded as Armadillo Self Storage, in which the Group has a 20% interest. We own a further 11 Big Yellow self storage development sites, of which eight have planning consent. The current maximum lettable area of the existing platform (including Armadillo) is 6.0 million sq ft. When fully built out the portfolio will prov... BYG.L Profile

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