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 PTC
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PTC Inc. stock price ended at $189.71 on Wednesday, after losing 0.121%.
(Updated on Mar 27, 2024)

Buy candidate since Mar 18, 2024 Gain 3.29% PDF

The PTC Inc. stock price fell by -0.121% on the last day (Wednesday, 27th Mar 2024) from $189.94 to $189.71. During the last trading day the stock fluctuated 1.37% from a day low at $188.67 to a day high of $191.25. The price has been going up and down for this period, and there has been a 2.13% gain for the last 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 -153 thousand shares and in total, 515 thousand shares were bought and sold for approximately $97.68 million.

The stock lies in the upper part of a narrow and strong 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 $191.22 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.12% during the next 3 months and, with a 90% probability hold a price between $203.80 and $212.48 at the end of this 3-month period.

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PTC Signals & Forecast

The PTC Inc. 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 $189.27 and $183.74. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -0.300%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for PTC Inc. stock

PTC Inc. finds support from accumulated volume at $183.01 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 $2.58 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.71%.

Our recommended stop-loss: $182.23 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect PTC Inc. to open at $189.88, and during the day (based on 14 day Average True Range), to move between $186.18 and $193.24, which gives a possible trading interval of +/-$3.53 (+/-1.86%) up or down from last closing price. If PTC Inc. takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $189.78 (0.04%) than the support at $183.01 (3.53%), 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 PTC Inc. 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 PTC Inc. stock to perform well in the short-term.

Current score: 2.903 Buy Candidate Unchanged

Predicted Opening Price for PTC Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$189.88 ( 0.0879%) $189.71

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

Trading levels for PTC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 192.46 1.45 %
R2 191.47 0.93 %
R1 190.86 0.607 %
Current price: 189.71
Support S1 188.89 -0.432 %
S2 188.28 -0.753 %
S3 187.30 -1.27 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 190.28 0.300 %
R2 189.94 0.121 %
R1 189.78 0.0369 %
Current price 189.71
Support S1 183.01 -3.53%
S2 180.65 -4.78%
S3 179.40 -5.43%

FAQ

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

Should I buy or sell PTC Inc. 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 PTC Inc. stock to perform well in the short-term.

How to buy PTC Inc. Stock?
PTC 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 PTC Inc. Stock.

What's the current price of PTC Inc. Stock?
As of the end of day on the 2024-03-27, the price of an PTC Inc. (PTC) share was $189.71.

What is the 52-week high and low for PTC Inc. Stock?
The 52-week high for PTC Inc. Stock is $194.18 and the 52-week low is $120.62.

What is the market capitalization of PTC Inc. Stock?
As of the 2024-03-27, the market capitalization of PTC Inc. is 22.68B.

When is the next earnings date for PTC Inc.?
The upcoming earnings date for PTC Inc. is Apr 24, 2024.
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