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 CASP.L
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Volatile ride for Caspian Sunrise Plc stock price on Wednesday moving between £3.49 and £3.90
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 30.36% PDF

The Caspian Sunrise Plc stock price gained 7.35% on the last trading day (Wednesday, 27th Mar 2024), rising from £3.40 to £3.65. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 11.75% from a day low at £3.49 to a day high of £3.90. The price has risen in 6 of the last 10 days and is up by 52.08% 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, 835 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately £18.38 million.

The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at £2.86, a level that may pose a second chance to hit a runner.

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CASP.L Signals & Forecast

The Caspian Sunrise 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 £2.97 and £2.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 58.70%. 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 Caspian Sunrise Plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £3.40 and £3.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Caspian Sunrise Plc finds support just below today's level at £3.40. If this is broken, then the next support from accumulated volume will be at £3.00 and £2.80.

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 £0.410 between high and low, or 11.75%. For the last week, the stock has had daily average volatility of 14.52%.

Our recommended stop-loss: £3.52 (-3.44%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Caspian Sunrise Plc to open at £3.68, and during the day (based on 14 day Average True Range), to move between £3.32 and £3.98, which gives a possible trading interval of +/-£0.326 (+/-8.93%) up or down from last closing price. If Caspian Sunrise Plc takes out the full calculated possible swing range there will be an estimated 17.87% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £3.40, some £0.250 (6.85%) from the current price of £3.65, our system finds the risk reward attractive.

Is Caspian Sunrise Plc stock A Buy?

Caspian Sunrise Plc 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Caspian Sunrise Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£3.68 ( 0.82%) £3.65

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

Trading levels for CASP.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 4.09 12.05 %
R2 3.93 7.76 %
R1 3.84 5.11 %
Current price: 3.65
Support S1 3.52 -3.47 %
S2 3.43 -6.12 %
S3 3.27 -10.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 3.65
Support S1 3.40 -6.85%
S2 3.00 -17.81%
S3 2.80 -23.29%

CASP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2023 Mar 02, 2023 Mar 23, 2023 £0.0444 0.694%
2 Jan 12, 2023 Jan 19, 2023 Feb 16, 2023 £0.0444 0.634%
3 Dec 05, 2022 Dec 15, 2022 Jan 16, 2023 £0.0444 0.86%
4 Nov 04, 2022 Nov 17, 2022 Dec 16, 2022 £0.0444 1.07%

FAQ

What is the symbol for Caspian Sunrise Plc Stock and on which exchange is it traded?
The symbol for Caspian Sunrise Plc is CASP.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Caspian Sunrise Plc Stock?
Caspian Sunrise Plc 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 Caspian Sunrise Plc Stock?
Caspian Sunrise 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 Caspian Sunrise Plc Stock.

What's the current price of Caspian Sunrise Plc Stock?
As of the end of day on the 2024-03-27, the price of an Caspian Sunrise Plc (CASP.L) share was £3.65.

What is the 52-week high and low for Caspian Sunrise Plc Stock?
The 52-week high for Caspian Sunrise Plc Stock is £7.49 and the 52-week low is £2.20.

What is the market capitalization of Caspian Sunrise Plc Stock?
As of the 2024-03-27, the market capitalization of Caspian Sunrise Plc is 82.143M.

When is the next earnings date for Caspian Sunrise Plc?
The upcoming earnings date for Caspian Sunrise Plc is Jun 28, 2024.
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About Caspian Sunrise Plc

Caspian Sunrise Plc Caspian Sunrise plc engages in the exploration and production of crude oil in Central Asia. The company has a 99% interest in its principal asset, the BNG Contract Area, which covers an area of 1,561 square kilometers located in the Mangistau Oblast in the west of Kazakhstan. The company was formerly known as Roxi Petroleum Plc and changed its name to Caspian Sunrise plc in March 2017. Caspian Sunrise plc was incorporated in 2006 and is based in ... CASP.L Profile

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