Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, which purpose is to provide a relative definition of high and low. This defintion is used to identify buy and sell signals and have 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. Get-A-Graph 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)
Bottlenecks in bandwidth indicates a upcoming change. Break up through the moving average line, or continuously movements above the moving average line indicates a break up, and vice versa downwards.
KBT.L Forecast and Technical Stock Analysis
Sell candidate since 2019-09-05 Loss -21.03% PDF
K3 Business Technology Group plc fell by -2.87% in the last day ( Friday, 15th Nov 2019 ) from £1.74 to £1.69 During the day the stock fluctuated 1.81% from a day low at £1.66 to a day high of £1.69. The price has been going up and down for this period, and there has been a -2.87% loss for the last 2 weeks. Volume has increased in the last day by 47 569 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 48 769 shares bought and sold for approximately £82 419.60.
- 30 day high of the KBT.L stock price was £2.12 and low was £1.48.
- 90 day high was £2.16 and low was £1.48.
- 52 week high for K3 Business Technology Group plc - £237.50 and low - £1.48.
K3 Business Technology Group plc lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.76% during the next 3 months and, with 90% probability hold a price between £1.14 and £1.38 at the end of this period.
There are few to none technical positive signals at the moment. K3 Business Technology Group plc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at £1.73 and £1.91. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday November 14, 2019, which indicates further falls until a new bottom pivot has been found. K3 Business Technology Group plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 29 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
K3 Business Technology Group plc finds support from accumulated volume at £1.62.
This stock may move much during a 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 £0.03 between high and low, or 1.81%. For the last week, the stock has had a daily average volatility of 0.60%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
0.60 %Average volatility
Very Low Low Medium High Very High
K3 Business Technology Group plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!