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 FTK
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Flotek Industries Inc stock price ended at $3.71 on Wednesday, after gaining 2.20%.
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 2.20% PDF

The Flotek Industries Inc stock price gained 2.20% on the last trading day (Wednesday, 27th Mar 2024), rising from $3.63 to $3.71. During the last trading day the stock fluctuated 2.62% from a day low at $3.63 to a day high of $3.73. The price has fallen in 5 of the last 10 days but is still up by 1.64% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 30 thousand shares were bought and sold for approximately $111.66 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $3.83 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Flotek Industries Inc stock with a 90% probability to be traded between $2.71 and $3.79 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.

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FTK Signals & Forecast

The Flotek Industries 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 $3.59 and $3.18. 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 15, 2024, and so far it has fallen -3.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Flotek Industries Inc stock

Flotek Industries Inc finds support from accumulated volume at $3.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0950 between high and low, or 2.62%. For the last week the stock has had daily average volatility of 4.97%.

Our recommended stop-loss: $3.57 (-3.85%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Flotek Industries Inc to open at $3.69, and during the day (based on 14 day Average True Range), to move between $3.52 and $3.90, which gives a possible trading interval of +/-$0.195 (+/-5.25%) up or down from last closing price. If Flotek Industries Inc takes out the full calculated possible swing range there will be an estimated 10.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.65 (1.62%) than the resistance at $3.79 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Flotek Industries Inc stock A Buy?

Flotek Industries 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: 0.565 Hold/Accumulate Unchanged

Predicted Opening Price for Flotek Industries Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$3.69 ( 0.584%) $3.71

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

Trading levels for FTK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.78 1.98 %
R2 3.75 1.00 %
R1 3.72 0.394 %
Current price: 3.71
Support S1 3.65 -1.56 %
S2 3.63 -2.17 %
S3 3.59 -3.14 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.92 5.66 %
R2 3.84 3.50 %
R1 3.79 2.16 %
Current price 3.71
Support S1 3.65 -1.62%
S2 3.38 -8.89%
S3 3.10 -16.44%

FAQ

What is the symbol for Flotek Industries Inc Stock and on which exchange is it traded?
The symbol for Flotek Industries Inc is FTK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Flotek Industries Inc Stock?
Flotek Industries 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.

How to buy Flotek Industries Inc Stock?
Flotek Industries Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Flotek Industries Inc Stock.

What's the current price of Flotek Industries Inc Stock?
As of the end of day on the 2024-03-27, the price of an Flotek Industries Inc (FTK) share was $3.71.

What is the 52-week high and low for Flotek Industries Inc Stock?
The 52-week high for Flotek Industries Inc Stock is $4.64 and the 52-week low is $0.570.

What is the market capitalization of Flotek Industries Inc Stock?
As of the 2024-03-27, the market capitalization of Flotek Industries Inc is 110.049M.

When is the next earnings date for Flotek Industries Inc?
The upcoming earnings date for Flotek Industries Inc is May 06, 2024.
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About Flotek Industries Inc

Flotek Industries Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA). The CT segment designs, develops, manufactures, packages, distributes, delivers, and markets green specialty chemicals that enhance the profit... FTK Profile

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