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.
Osisko Gold Royalties Ltd Forecast and Stock Analysis
Technical OR stock analysis for March 22, 2019.
|Shorts||3.89% ( 2019-02-28 )|
Osisko Gold Royalties Ltd gained 0.34% in the last trading day, rising from $11.62 to $11.66 The price has been going up and down for this period, and there has been a 0.6% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 57 271 more shares were traded than the day before. In total, 507 669 shares bought and sold for approximately $5.92 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the OR stock was $11.66. This is 0.34% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 1.69% from a day low at $11.55 to a day high of $11.75.
30 day high of the OR stock price was $12.08 and low was $10.39.
90 day high was $12.08 and low was $8.45.
52 week high for the Osisko Gold Royalties Ltd - $12.08 and low - $7.00.
Osisko Gold Royalties Ltd lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 38.84% during the next 3 months and, with 90% probability hold a price between $15.51 and $17.52 at the end of this period.
Osisko Gold Royalties Ltd holds buy signals from both short- and long-term moving averages. In addition, 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 $11.56 and $10.84. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday March 20, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Osisko Gold Royalties Ltd finds support from accumulated volume at $11.42.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.19 (1.69%) between high and low. For the last week, the stock has had a daily average volatility of 2.45%.
Our recommended stoploss: $11.17 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term.