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 MYSZ
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

My Size Inc stock price ended at $0.427 on Thursday, after losing 0.84%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Loss -4.59% PDF

The My Size Inc stock price fell by -0.84% on the last day (Thursday, 28th Mar 2024) from $0.430 to $0.427. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 9.51% from a day low at $0.410 to a day high of $0.449. The price has fallen in 6 of the last 10 days but is still up by 9.72% over the past 2 weeks. 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 -21 thousand shares and in total, 48 thousand shares were bought and sold for approximately $20.43 thousand.

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 -26.85% during the next 3 months and, with a 90% probability hold a price between $0.249 and $0.381 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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

MYSZ 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 My Size Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.456 and $0.433. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -20.13%. 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 My Size Inc stock

My Size Inc finds support from accumulated volume at $0.411 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0390 between high and low, or 9.51%. For the last week the stock has had daily average volatility of 13.97%.

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

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

For the upcoming trading day on Monday, 1st we expect My Size Inc to open at $0.429, and during the day (based on 14 day Average True Range), to move between $0.374 and $0.479, which gives a possible trading interval of +/-$0.0525 (+/-12.31%) up or down from last closing price. If My Size Inc takes out the full calculated possible swing range there will be an estimated 24.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.411 (3.63%) than the resistance at $0.445 (4.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is My Size Inc stock A Buy?

My Size Inc 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: -3.531 Sell Candidate Unchanged

Predicted Opening Price for My Size Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.429 ( 0.469%) $0.427

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

Trading levels for MYSZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.468 9.61 %
R2 0.453 6.12 %
R1 0.443 3.96 %
Current price: 0.427
Support S1 0.414 -3.02 %
S2 0.404 -5.18 %
S3 0.390 -8.68 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.481 12.78 %
R2 0.479 12.31 %
R1 0.445 4.34 %
Current price 0.427
Support S1 0.411 -3.63%
S2 0.404 -5.28%
S3 0.397 -6.94%

FAQ

What is the symbol for My Size Inc Stock and on which exchange is it traded?
The symbol for My Size Inc is MYSZ and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell My Size Inc Stock?
My Size Inc 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 My Size Inc Stock?
My Size Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy My Size Inc Stock.

What's the current price of My Size Inc Stock?
As of the end of day on the 2024-03-28, the price of an My Size Inc (MYSZ) share was $0.427.

What is the 52-week high and low for My Size Inc Stock?
The 52-week high for My Size Inc Stock is $2.74 and the 52-week low is $0.360.

What is the market capitalization of My Size Inc Stock?
As of the 2024-03-28, the market capitalization of My Size Inc is 1.619M.

When is the next earnings date for My Size Inc?
The upcoming earnings date for My Size Inc is Apr 12, 2024.
Click to get the best stock tips daily for free!

About My Size Inc

My Size My Size, Inc. develops and commercializes mobile device measurement solutions for e-commerce fashion/apparel, shipping/parcel, and do it yourself industries in Israel. It offers MySizeID, an application that enables consumers to create an online profile of their personal measurements to get the right fit; BoxSize, a parcel measurement application that allows customers to measure the size of their parcel with their smartphone, calculate shipping c... MYSZ 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