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

Insulet Corporation stock price up 2.21% on Wednesday
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 2.21% PDF

The Insulet Corporation stock price gained 2.21% on the last trading day (Wednesday, 27th Mar 2024), rising from $165.52 to $169.18. It has now gained 3 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 4.17% from a day low at $162.47 to a day high of $169.25. The price has fallen in 6 of the last 10 days and is down by -3.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 413 thousand more shares were traded than the day before. In total, 972 thousand shares were bought and sold for approximately $164.40 million.

The stock 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 -21.16% during the next 3 months and, with a 90% probability hold a price between $116.61 and $140.57 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.

PODD Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 3.41%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Insulet Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $177.23. On a fall, the stock will find some support from the short-term average at $166.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Insulet Corporation stock

Insulet Corporation finds support from accumulated volume at $168.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $6.78 between high and low, or 4.17%. For the last week, the stock has had daily average volatility of 2.72%.

Our recommended stop-loss: $158.76 (-6.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (PODD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Insulet Corporation to open at $166.97, and during the day (based on 14 day Average True Range), to move between $162.65 and $175.71, which gives a possible trading interval of +/-$6.53 (+/-3.86%) up or down from last closing price. If Insulet Corporation takes out the full calculated possible swing range there will be an estimated 7.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $169.25 (0.04%) than the support at $168.83 (0.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Insulet Corporation stock A Buy?

Insulet Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.430 Hold/Accumulate Unchanged

Predicted Opening Price for Insulet Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$166.97 ( 1.31%) $169.18

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

Trading levels for PODD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 173.75 2.70 %
R2 171.16 1.17 %
R1 169.56 0.223 %
Current price: 169.18
Support S1 164.38 -2.84 %
S2 162.78 -3.78 %
S3 160.19 -5.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 190.87 12.82 %
R2 184.21 8.88 %
R1 169.25 0.0414 %
Current price 169.18
Support S1 168.83 -0.207%
S2 166.62 -1.51%
S3 163.60 -3.30%

FAQ

What is the symbol for Insulet Corporation Stock and on which exchange is it traded?
The symbol for Insulet Corporation is PODD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Insulet Corporation Stock?
Insulet Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of Insulet Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Insulet Corporation (PODD) share was $169.18.

What is the 52-week high and low for Insulet Corporation Stock?
The 52-week high for Insulet Corporation Stock is $335.91 and the 52-week low is $125.82.

What is the market capitalization of Insulet Corporation Stock?
As of the 2024-03-27, the market capitalization of Insulet Corporation is 11.574B.

When is the next earnings date for Insulet Corporation?
The upcoming earnings date for Insulet Corporation is May 02, 2024.
Click to get the best stock tips daily for free!

About Insulet Corporation

Insulet Insulet Corporation develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes. It offers Omnipod System, a self-adhesive disposable tubeless Omnipod device that is worn on the body for up to three days at a time, as well as its wireless companion, the handheld personal diabetes manager. The company sells its products primarily through independent distributors and pharmacy channels, as well as directly i... PODD 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