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 CMCL
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Caledonia Mining Corp stock price ended at $10.83 on Wednesday, after gaining 2.27%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 2.95% PDF

The Caledonia Mining Corp stock price gained 2.27% on the last trading day (Wednesday, 27th Mar 2024), rising from $10.59 to $10.83. During the last trading day the stock fluctuated 3.30% from a day low at $10.69 to a day high of $11.04. The price has fallen in 6 of the last 10 days and is down by -1.9% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately $299.58 thousand.

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 $11.17 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 -11.66% during the next 3 months and, with a 90% probability hold a price between $8.05 and $9.87 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

CMCL Signals & Forecast

The Caledonia Mining Corp 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 $10.72 and $10.32. A breakdown below any of these levels will issue sell signals. Caledonia Mining Corp 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. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -4.67%. 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 Caledonia Mining Corp stock

On the downside, the stock finds support just below today's level from accumulated volume at $10.19 and $9.76. 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, Caledonia Mining Corp finds support just below today's level at $10.19. If this is broken, then the next support from accumulated volume will be at $9.76 and $9.74.

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 $0.353 between high and low, or 3.30%. For the last week, the stock has had daily average volatility of 3.27%.

Our recommended stop-loss: $10.28 (-5.06%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Caledonia Mining Corp to open at $10.85, and during the day (based on 14 day Average True Range), to move between $10.32 and $11.34, which gives a possible trading interval of +/-$0.506 (+/-4.67%) up or down from last closing price. If Caledonia Mining Corp takes out the full calculated possible swing range there will be an estimated 9.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.36 (4.89%) than the support at $10.19 (5.91%), 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 Caledonia Mining Corp stock A Buy?

Caledonia Mining Corp 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: 0.172 Hold/Accumulate Unchanged

Predicted Opening Price for Caledonia Mining Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$10.85 ( 0.223%) $10.83

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

Trading levels for CMCL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.21 3.48 %
R2 11.07 2.24 %
R1 10.99 1.47 %
Current price: 10.83
Support S1 10.72 -1.02 %
S2 10.64 -1.79 %
S3 10.50 -3.03 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.16 12.28 %
R2 11.96 10.43 %
R1 11.36 4.89 %
Current price 10.83
Support S1 10.19 -5.91%
S2 9.76 -9.88%
S3 9.74 -10.06%

CMCL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 02, 2024 Jan 11, 2024 Jan 26, 2024 $0.140 1.25%
2 Oct 02, 2023 Oct 12, 2023 Oct 27, 2023 $0.140 1.22%
3 Jul 03, 2023 Jul 13, 2023 Jul 28, 2023 $0.140 1.18%
4 Apr 03, 2023 Apr 13, 2023 Apr 28, 2023 $0.140 0.98%
5 Dec 30, 2022 Jan 12, 2023 Jan 27, 2023 $0.140 1.06%

FAQ

What is the symbol for Caledonia Mining Corp Stock and on which exchange is it traded?
The symbol for Caledonia Mining Corp is CMCL and it is traded on the NYSEMKT (NYSE American).

Should I buy or sell Caledonia Mining Corp Stock?
Caledonia Mining Corp 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 Caledonia Mining Corp Stock?
Caledonia Mining Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Caledonia Mining Corp Stock.

What's the current price of Caledonia Mining Corp Stock?
As of the end of day on the 2024-03-27, the price of an Caledonia Mining Corp (CMCL) share was $10.83.

What is the 52-week high and low for Caledonia Mining Corp Stock?
The 52-week high for Caledonia Mining Corp Stock is $17.58 and the 52-week low is $8.91.

What is the market capitalization of Caledonia Mining Corp Stock?
As of the 2024-03-27, the market capitalization of Caledonia Mining Corp is 203.27M.

When is the next earnings date for Caledonia Mining Corp?
The upcoming earnings date for Caledonia Mining Corp is May 13, 2024.
Click to get the best stock tips daily for free!

About Caledonia Mining Corp

Caledonia Mining Caledonia Mining Corporation Plc primarily engages in the operation of a gold mine. It also explores for and develops mineral properties for precious metals. The company holds 64% interest in the Blanket Mine, a gold mine located in Matabeleland South Province, Zimbabwe. It also has an agreement to purchase 100% ownership in the Maligreen project, a brownfield gold exploration project located in Gweru mining district in the Zimbabwe Midlands. The... CMCL Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT