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 ICHR
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Ichor Holdings stock price ended at $38.67 on Wednesday, after gaining 2.11%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 13, 2024 Gain 2.46% PDF

The Ichor Holdings stock price gained 2.11% on the last trading day (Wednesday, 27th Mar 2024), rising from $37.87 to $38.67. It has now gained 3 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 2.98% from a day low at $37.86 to a day high of $38.99. The price has risen in 6 of the last 10 days and is up by 2.46% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 159 thousand shares were bought and sold for approximately $6.16 million. 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 stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $37.23 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.59% during the next 3 months and, with a 90% probability hold a price between $44.53 and $58.81 at the end of this 3-month period.

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ICHR Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ichor Holdings stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $41.22. On a fall, the stock will find some support from the short-term average at $37.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -14.97%. 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 Ichor Holdings stock

Ichor Holdings finds support from accumulated volume at $37.50 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 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 $1.13 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 3.58%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Thursday, 28th we expect Ichor Holdings to open at $38.51, and during the day (based on 14 day Average True Range), to move between $37.03 and $40.31, which gives a possible trading interval of +/-$1.64 (+/-4.23%) up or down from last closing price. If Ichor Holdings takes out the full calculated possible swing range there will be an estimated 8.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $38.90 (0.59%) than the support at $37.50 (3.03%), 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 Ichor Holdings stock A Buy?

The Ichor Holdings stock holds several negative signals and despite the positive trend, we believe Ichor Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.285 Sell Candidate Unchanged

Predicted Opening Price for Ichor Holdings of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$38.51 ( 0.422%) $38.67

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

Trading levels for ICHR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 39.64 2.50 %
R2 39.21 1.38 %
R1 38.94 0.694 %
Current price: 38.67
Support S1 38.08 -1.54 %
S2 37.81 -2.23 %
S3 37.38 -3.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 45.48 17.61 %
R2 43.35 12.10 %
R1 38.90 0.595 %
Current price 38.67
Support S1 37.50 -3.03%
S2 36.92 -4.53%
S3 36.90 -4.58%

FAQ

What is the symbol for Ichor Holdings Stock and on which exchange is it traded?
The symbol for Ichor Holdings is ICHR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ichor Holdings Stock?
The Ichor Holdings stock holds several negative signals and despite the positive trend, we believe Ichor Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

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

What's the current price of Ichor Holdings Stock?
As of the end of day on the 2024-03-27, the price of an Ichor Holdings (ICHR) share was $38.67.

What is the 52-week high and low for Ichor Holdings Stock?
The 52-week high for Ichor Holdings Stock is $46.38 and the 52-week low is $22.27.

What is the market capitalization of Ichor Holdings Stock?
As of the 2024-03-27, the market capitalization of Ichor Holdings is 1.248B.

When is the next earnings date for Ichor Holdings?
The upcoming earnings date for Ichor Holdings is May 14, 2024.
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About Ichor Holdings

Ichor Holdings Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical del... ICHR Profile

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