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 ESP.L
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Red day on Wednesday for Espey Manufacturing & Electronics Corp stock after losing 0%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 06, 2024 Gain 3.02% PDF

No changes to the price of Espey Manufacturing & Electronics Corp stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at £95.40 to a day high of £95.40. The price has risen in 5 of the last 10 days and is up by 1.49% over the past 2 weeks.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £96.54 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Espey Manufacturing & Electronics Corp stock with a 90% probability to be traded between £86.33 and £95.21 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. 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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ESP.L Signals & Forecast

The Espey Manufacturing & Electronics 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 £95.11 and £92.39. 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 Friday, March 22, 2024, and so far it has fallen -1.24%. 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 Espey Manufacturing & Electronics Corp stock

Espey Manufacturing & Electronics Corp finds support from accumulated volume at £94.70 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 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 1.67%

Our recommended stop-loss: £91.54 (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Espey Manufacturing & Electronics Corp to open at £95.40, and during the day (based on 14 day Average True Range), to move between £93.70 and £97.10, which gives a possible trading interval of +/-£1.70 (+/-1.78%) up or down from last closing price. If Espey Manufacturing & Electronics Corp takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £95.80 (0.42%) than the support at £94.70 (0.73%), 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 Espey Manufacturing & Electronics Corp stock A Buy?

Espey Manufacturing & Electronics 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: 0.000 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 Espey Manufacturing & Electronics Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£95.40 ( 0.00000000%) £95.40

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

Trading levels for ESP.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 95.40 0.00000000 %
R2 95.40 0.00000000 %
R1 95.40 0.00000000 %
Current price: 95.40
Support S1 95.40 0.00000000 %
S2 95.40 0.00000000 %
S3 95.40 0.00000000 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 96.60 1.26 %
R2 96.00 0.629 %
R1 95.80 0.419 %
Current price 95.40
Support S1 94.70 -0.734%
S2 94.00 -1.47%
S3 91.00 -4.61%

ESP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 04, 2024 Apr 04, 2024 Apr 19, 2024 £0.94 0.99%
2 Nov 16, 2023 Nov 16, 2023 Nov 16, 2023 £0 0%
3 Jun 08, 2023 Jun 08, 2023 Jun 08, 2023 £0.81 0.91%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 £0.88 1.01%
5 Oct 31, 2022 Nov 10, 2022 Nov 25, 2022 £0.625 0.691%

FAQ

What is the symbol for Espey Manufacturing & Electronics Corp Stock and on which exchange is it traded?
The symbol for Espey Manufacturing & Electronics Corp is ESP.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Espey Manufacturing & Electronics Corp Stock?
Espey Manufacturing & Electronics 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 Espey Manufacturing & Electronics Corp Stock?
Espey Manufacturing & Electronics 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 Espey Manufacturing & Electronics Corp Stock.

What's the current price of Espey Manufacturing & Electronics Corp Stock?
As of the end of day on the 2024-03-27, the price of an Espey Manufacturing & Electronics Corp (ESP.L) share was £95.40.

What is the 52-week high and low for Espey Manufacturing & Electronics Corp Stock?
The 52-week high for Espey Manufacturing & Electronics Corp Stock is £97.90 and the 52-week low is £82.20.

What is the market capitalization of Espey Manufacturing & Electronics Corp Stock?
As of the 2024-03-27, the market capitalization of Espey Manufacturing & Electronics Corp is 570.249M.

When is the next earnings date for Espey Manufacturing & Electronics Corp?
The upcoming earnings date for Espey Manufacturing & Electronics Corp is Aug 15, 2024.
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About Espey Manufacturing & Electronics Corp

Espey Manufacturing & Electronics Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation located in high-demand university towns and cities across the UK. Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student® operating platform, that is attractive to affluent gr... ESP.L Profile

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