Community Health Systems, Inc Stock Forecast
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:
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
Red day on Wednesday for Community Health Systems, Inc stock after losing 0%
(Updated on Jan 30, 2019)
No changes to the price of Community Health Systems, Inc stock on the last trading day (Wednesday, 30th Jan 2019). During the last trading day the stock fluctuated 0% from a day low at $0.0015 to a day high of $0.0015. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
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CYHHZ Signals & Forecast
The Community Health Systems, Inc 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 $0.0015 and $0.0012. 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). 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 Tuesday, January 29, 2019, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Community Health Systems, Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0014 and $0.0013. 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, Community Health Systems, Inc finds support just below today's level at $0.0014. If this is broken, then the next support from accumulated volume will be at $0.0013 and $0.0012.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
The Community Health Systems, Inc stock is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stop-loss: $0.0015 (-3.28%) (This stock has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CYHHZ) For The Upcoming Trading Day Of Thursday 31st
For the upcoming trading day on Thursday, 31st we expect Community Health Systems, Inc to open at $0.0015, and during the day (based on 14 day Average True Range), to move between $0.0013 and $0.0017, which gives a possible trading interval of +/-$0.0002 (+/-14.56%) up or down from last closing price. If Community Health Systems, Inc takes out the full calculated possible swing range there will be an estimated 29.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0016 (6.67%) than the support at $0.0014 (6.67%), 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 Community Health Systems, Inc stock A Buy?
Community Health Systems, 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: 0.090 Hold/Accumulate Unchanged
Predicted Opening Price for Community Health Systems, Inc of Thursday, January 31, 2019
| Fair opening price January 31, 2019 | Current price |
|---|---|
| $0.0015 ( 0.00000000%) | $0.0015 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CYHHZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0015 | 0.00000000 % | |
| R2 | 0.0015 | 0.00000000 % | ||
| R1 | 0.0015 | 0.00000000 % | ||
| Current price: | 0.0015 | |||
| Support | S1 | 0.0015 | 0.00000000 % | |
| S2 | 0.0015 | 0.00000000 % | ||
| S3 | 0.0015 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0018 | 20.00 % | |
| R2 | 0.0017 | 13.33 % | ||
| R1 | 0.0016 | 6.67 % | ||
| Current price | 0.0015 | |||
| Support | S1 | 0.0014 | -6.67% | |
| S2 | 0.0013 | -13.33% | ||
| S3 | 0.0012 | -20.00% |
FAQ
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