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 PHYS
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Sprott Physical Gold Trust stock price ended at $17.30 on Thursday, after gaining 1.41%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 2.00% PDF

The Sprott Physical Gold Trust stock price gained 1.41% on the last trading day (Thursday, 28th Mar 2024), rising from $17.06 to $17.30. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.10% from a day low at $17.15 to a day high of $17.34. The price has risen in 6 of the last 10 days and is up by 2.91% over the past 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 2 million shares were bought and sold for approximately $31.38 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a weak 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 $17.38 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.08% during the next 3 months and, with a 90% probability hold a price between $17.53 and $18.95 at the end of this 3-month period.

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PHYS Signals & Forecast

The Sprott Physical Gold Trust 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 $16.97 and $16.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 12.63%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Sprott Physical Gold Trust stock

Sprott Physical Gold Trust finds support from accumulated volume at $16.92 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 $0.188 between high and low, or 1.10%. For the last week the stock has had daily average volatility of 0.777%.

Our recommended stop-loss: $16.74 (-3.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Sprott Physical Gold Trust to open at $17.26, and during the day (based on 14 day Average True Range), to move between $17.12 and $17.48, which gives a possible trading interval of +/-$0.179 (+/-1.04%) up or down from last closing price. If Sprott Physical Gold Trust takes out the full calculated possible swing range there will be an estimated 2.07% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $16.92, some $0.380 (2.20%) from the current price of $17.30, our system finds the risk reward attractive.

Is Sprott Physical Gold Trust 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 Sprott Physical Gold Trust stock to perform well in the short-term.

Current score: 4.549 Buy Candidate Unchanged

Predicted Opening Price for Sprott Physical Gold Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$17.26 ( 0.216%) $17.30

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

Trading levels for PHYS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.45 0.87 %
R2 17.38 0.456 %
R1 17.33 0.200 %
Current price: 17.30
Support S1 17.19 -0.631 %
S2 17.15 -0.89 %
S3 17.07 -1.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 17.30
Support S1 16.92 -2.20%
S2 16.13 -6.76%
S3 15.65 -9.54%

FAQ

What is the symbol for Sprott Physical Gold Trust Stock and on which exchange is it traded?
The symbol for Sprott Physical Gold Trust is PHYS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Sprott Physical Gold Trust 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 Sprott Physical Gold Trust stock to perform well in the short-term.

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

What's the current price of Sprott Physical Gold Trust Stock?
As of the end of day on the 2024-03-28, the price of an Sprott Physical Gold Trust (PHYS) share was $17.30.

What is the 52-week high and low for Sprott Physical Gold Trust Stock?
The 52-week high for Sprott Physical Gold Trust Stock is $17.34 and the 52-week low is $14.00.

What is the market capitalization of Sprott Physical Gold Trust Stock?
As of the 2024-03-28, the market capitalization of Sprott Physical Gold Trust is 6.724B.

When is the next earnings date for Sprott Physical Gold Trust?
The upcoming earnings date for Sprott Physical Gold Trust is May 03, 2024.
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About Sprott Physical Gold Trust

Sprott Physical Gold Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical gold bullion in London Good Delivery bar form. Sprott Physical Gold Trust was formed on August 28, 2009 and is domiciled in Canada.... PHYS Profile

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