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 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MJLB
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

High volatility in Ultrack Systems stock price on Thursday which ended trading at $0.0001
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Loss -33.33% PDF

The Ultrack Systems stock price fell by -33.33% on the last day (Thursday, 28th Mar 2024) from $0.0002 to $0.0001. During the last trading day the stock fluctuated 100.00% from a day low at $0.0001 to a day high of $0.0002. The price has fallen in 4 of the last 10 days. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 600 thousand shares were bought and sold for approximately $60.00 .

The stock lies in the middle of a very 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 -17.75% during the next 3 months and, with a 90% probability hold a price between $0.00003348 and $0.0002 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

MJLB Signals & Forecast

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. The Ultrack Systems stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.0001 and $0.0002. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 21, 2024, and so far it has fallen -66.67%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ultrack Systems stock

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 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 $0.0001 between high and low, or 100.00%. For the last week the stock has had daily average volatility of 70.00%.

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

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

For the upcoming trading day on Monday, 1st we expect Ultrack Systems to open at $0.0001, and during the day (based on 14 day Average True Range), to move between $0.00002229 and $0.0002, which gives a possible trading interval of +/-$0.00007771 (+/-77.71%) up or down from last closing price. If Ultrack Systems takes out the full calculated possible swing range there will be an estimated 155.42% move between the lowest and the highest trading price during the day.

Is Ultrack Systems stock A Buy?

Ultrack Systems holds several negative signals and is within a very 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.

Current score: -5.937 Strong Sell Candidate Unchanged

Predicted Opening Price for Ultrack Systems of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.0001 ( 33.33%) $0.0001

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

Trading levels for MJLB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0002 133.33 %
R2 0.0002 95.13 %
R1 0.0002 71.53 %
Current price: 0.0001
Support S1 0.00009513 -4.87 %
S2 0.00007153 -28.47 %
S3 0.00003333 -66.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 0.0001
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Ultrack Systems Stock and on which exchange is it traded?
The symbol for Ultrack Systems is MJLB and it is traded on the PINK (Pink Sheets).

Should I buy or sell Ultrack Systems Stock?
Ultrack Systems holds several negative signals and is within a very 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.

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

What's the current price of Ultrack Systems Stock?
As of the end of day on the 2024-03-28, the price of an Ultrack Systems (MJLB) share was $0.0001.

What is the 52-week high and low for Ultrack Systems Stock?
The 52-week high for Ultrack Systems Stock is $0.0018 and the 52-week low is $0.0001.

What is the market capitalization of Ultrack Systems Stock?
As of the 2024-03-28, the market capitalization of Ultrack Systems is 37.511K.
Click to get the best stock tips daily for free!

About Ultrack Systems

Ultrack Systems Ultrack Systems, Inc. operates in the fleet tracking industry. Its products include battery-powered asset tracking devices, solar powered asset tracking devices, hard wired GPS trackers, GPS padlocks, plug and play trackers, iridium satellite trackers, and GPS dash camera tracker, as well as yard camera HD 720P solar and battery power IP yard cameras. The company is based in Concord, Canada.... MJLB Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT