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 Thursday May 23, 2019.
|Shorts||1.73% ( 2019-04-15 )|
|Price to book||USD 1.19|
|Next Earnings Date||n/a|
Osisko Gold Royalties Ltd gained 0.20% in the last trading day ( Thursday, 23rd May 2019 ), rising from $9.84 to $9.86 During day the stock fluctuated 2.64% from a day low at $9.85 to a day high of $10.11. The price has been going up and down for this period, and there has been a 0.82% 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, 27 454 more shares were traded than the day before. In total, 411 875 shares bought and sold for approximately $4.06 million.
- 30 day high of the OR stock price was $11.50 and low was $9.69.
- 90 day high was $12.08 and low was $9.69.
- 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 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 -13.38% during the next 3 months and, with 90% probability hold a price between $8.00 and $9.43 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday May 22, 2019, which indicates further gains until a new top pivot has been found. 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. Osisko Gold Royalties Ltd 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 $9.97 and $10.63. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Osisko Gold Royalties Ltd finds support from accumulated volume at $9.84.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.26 between high and low, or 2.64%. For the last week, the stock has had a daily average volatility of 2.49%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.49 %Average volatility
Very Low Low Medium High Very High
Osisko Gold Royalties Ltd holds several negative signals and is within a 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.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|OR $9.86 ($0.02 0.20%)|
OR is up $0.02 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for OR based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the OR analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us