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 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Volatile ride for Rocky Mountain High Brands, Inc. stock price on Wednesday moving between $0.0100 and $0.0140
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 16, 2024 Gain 166.67% PDF

The Rocky Mountain High Brands, Inc. stock price fell by -23.08% on the last day (Wednesday, 27th Mar 2024) from $0.0130 to $0.0100. During the last trading day the stock fluctuated 40.00% from a day low at $0.0100 to a day high of $0.0140. The price has fallen in 4 of the last 10 days and is down by -31.03% for this period. Volume has increased on the last day by 185 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 207 thousand shares were bought and sold for approximately $2.07 thousand.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0085 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 149.98% during the next 3 months and, with a 90% probability hold a price between $0.0212 and $0.0516 at the end of this 3-month period.

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RMHB Signals & Forecast

The Rocky Mountain High Brands, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0123. On a fall, the stock will find some support from the long-term average at approximately $0.0088. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 08, 2024, and so far it has fallen -44.44%. 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). Rocky Mountain High Brands, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Rocky Mountain High Brands, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0090 and $0.0080. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0080 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0040 between high and low, or 40.00%. For the last week, the stock has had daily average volatility of 39.43%.

Our recommended stop-loss: $0.0095 (-5.20%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 13 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Rocky Mountain High Brands, Inc. to open at $0.0113, and during the day (based on 14 day Average True Range), to move between $0.0053 and $0.0147, which gives a possible trading interval of +/-$0.0047 (+/-47.10%) up or down from last closing price. If Rocky Mountain High Brands, Inc. takes out the full calculated possible swing range there will be an estimated 94.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0101 (1.00%) than the support at $0.0090 (10.00%), 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 Rocky Mountain High Brands, Inc. stock A Buy?

Rocky Mountain High Brands, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.182 Hold/Accumulate Downgraded

Predicted Opening Price for Rocky Mountain High Brands, Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.0113 ( 13.33%) $0.0100

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

Trading levels for RMHB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.0153 53.33 %
R2 0.0138 38.05 %
R1 0.0129 28.61 %
Current price: 0.0100
Support S1 0.0098 -1.95 %
S2 0.0089 -11.39 %
S3 0.0073 -26.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0.0102 2.00 %
R1 0.0101 1.00 %
Current price 0.0100
Support S1 0.0090 -10.00%
S2 0.0080 -20.00%
S3 0 .

FAQ

What is the symbol for Rocky Mountain High Brands, Inc. Stock and on which exchange is it traded?
The symbol for Rocky Mountain High Brands, Inc. is RMHB and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell Rocky Mountain High Brands, Inc. Stock?
Rocky Mountain High Brands, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Rocky Mountain High Brands, Inc. Stock?
Rocky Mountain High Brands, 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 Rocky Mountain High Brands, Inc. Stock.

What's the current price of Rocky Mountain High Brands, Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Rocky Mountain High Brands, Inc. (RMHB) share was $0.0100.

What is the 52-week high and low for Rocky Mountain High Brands, Inc. Stock?
The 52-week high for Rocky Mountain High Brands, Inc. Stock is $0.0200 and the 52-week low is $0.0002.

What is the market capitalization of Rocky Mountain High Brands, Inc. Stock?
As of the 2024-03-27, the market capitalization of Rocky Mountain High Brands, Inc. is 5.826M.
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About Rocky Mountain High Brands, Inc.


Rocky Mountain High Brands. Rocky Mountain High Brands, Inc. operates as a lifestyle brand management company. The company develops, manufactures, markets, and distributes hemp oil and hemp extract-infused products. It provides products in various categories, including beverage, food, fitness, skin care, and other products. The company offers CBD-infused waters, gummies, water soluble concentrates, tinctures, capsules, triple relief salves, and serenity hemp lotions; natura... RMHB Profile

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