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 KELYA
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Kelly Services stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 8.73% PDF

The Kelly Services stock price fell by -0.0399% on the last day (Thursday, 28th Mar 2024) from $25.05 to $25.04. During the last trading day the stock fluctuated 1.04% from a day low at $24.90 to a day high of $25.16. The price has risen in 6 of the last 10 days and is up by 5.08% over the past 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 202 thousand shares were bought and sold for approximately $5.05 million.

The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $25.14 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 26.79% during the next 3 months and, with a 90% probability hold a price between $29.81 and $31.87 at the end of this 3-month period.

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KELYA Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.0399%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Kelly Services 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 $24.62 and $23.74. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Kelly Services stock

Kelly Services finds support from accumulated volume at $24.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.260 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.41%.

Our recommended stop-loss: $24.30 (-2.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (KELYA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Kelly Services to open at $25.03, and during the day (based on 14 day Average True Range), to move between $24.55 and $25.53, which gives a possible trading interval of +/-$0.495 (+/-1.98%) up or down from last closing price. If Kelly Services takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.05 (0.04%) than the support at $24.50 (2.16%), 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 Kelly Services stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kelly Services stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.970 Buy Candidate Downgraded

Predicted Opening Price for Kelly Services of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$25.03 ( 0.0266%) $25.04

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

Trading levels for KELYA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.29 1.01 %
R2 25.19 0.615 %
R1 25.13 0.370 %
Current price: 25.04
Support S1 24.93 -0.423 %
S2 24.87 -0.668 %
S3 24.77 -1.06 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 25.05 0.0399 %
Current price 25.04
Support S1 24.50 -2.16%
S2 24.41 -2.52%
S3 20.93 -16.41%

KELYA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 13, 2024 Feb 26, 2024 Mar 13, 2024 $0.0750 0.311%
2 Nov 07, 2023 Nov 21, 2023 Dec 06, 2023 $0.0750 0.359%
3 Aug 08, 2023 Aug 22, 2023 Sep 06, 2023 $0.0750 0.412%
4 May 09, 2023 May 19, 2023 Jun 06, 2023 $0.0750 0.405%
5 Feb 14, 2023 Feb 24, 2023 Mar 13, 2023 $0.0750 0.480%

FAQ

What is the symbol for Kelly Services Stock and on which exchange is it traded?
The symbol for Kelly Services is KELYA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Kelly Services Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kelly Services stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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

What's the current price of Kelly Services Stock?
As of the end of day on the 2024-03-28, the price of an Kelly Services (KELYA) share was $25.04.

What is the 52-week high and low for Kelly Services Stock?
The 52-week high for Kelly Services Stock is $25.27 and the 52-week low is $15.56.

What is the market capitalization of Kelly Services Stock?
As of the 2024-03-28, the market capitalization of Kelly Services is 878.452M.

When is the next earnings date for Kelly Services?
The upcoming earnings date for Kelly Services is May 09, 2024.
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About Kelly Services

Kelly Services Kelly Services, Inc., together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and direct-hire services in the areas of office, professional, light industrial, and contact center specialtie... KELYA Profile

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