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 2019-06-27 Loss -1.86%
No changes to the price of K3 Business Technology Group plc in the last trading day ( Friday, 19th Jul 2019 ). During the day the stock fluctuated 0.00% from a day low at £2.12 to a day high of £2.12. The price has been going up and down for this period, and there has been a -1.4% loss for the last 2 weeks.
- 30 day high of the KBT.L stock price was £2.20 and low was £2.10.
- 90 day high was £2.28 and low was £2.10.
- 52 week high for K3 Business Technology Group plc - £242.00 and low - £1.90.
K3 Business Technology Group plc lies in the lower of a narrow and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £2.10 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.03% during the next 3 months and, with 90% probability hold a price between £1.99 and £2.06 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday July 09, 2019, which indicates further gains until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 £2.11 and £2.15. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 15 - 85 ]
RSI14 is 50 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £0.00 (0.00%) between high and low. For the last week, the stock has had daily average volatility of 0.00%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
0.00 %Average volatility
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