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.
AI Analysis of SPPP
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Sprott Physical Platinum and Palladium stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Sprott Physical Platinum and Palladium stock price gained 1.69% on the last trading day (Thursday, 28th Mar 2024), rising from $9.49 to $9.65. During the last trading day the stock fluctuated 1.25% from a day low at $9.57 to a day high of $9.69. The price has fallen in 6 of the last 10 days and is down by -2.03% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 137 thousand shares were bought and sold for approximately $1.33 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sprott Physical Platinum and Palladium stock with a 90% probability to be traded between $8.86 and $10.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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SPPP Signals & Forecast

The Sprott Physical Platinum and Palladium 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 $9.58 and $9.36. A breakdown below any of these levels will issue sell signals. Sprott Physical Platinum and Palladium has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 15, 2024, and so far it has fallen -3.88%. 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). The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Sprott Physical Platinum and Palladium stock

Sprott Physical Platinum and Palladium finds support from accumulated volume at $9.52 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 $0.120 between high and low, or 1.25%. For the last week, the stock has had daily average volatility of 1.40%.

Our recommended stop-loss: $9.19 (-4.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Sprott Physical Platinum and Palladium Trust to open at $9.64, and during the day (based on 14 day Average True Range), to move between $9.42 and $9.88, which gives a possible trading interval of +/-$0.226 (+/-2.35%) up or down from last closing price. If Sprott Physical Platinum and Palladium Trust takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.78 (1.30%) than the support at $9.52 (1.35%), 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 Sprott Physical Platinum and Palladium Trust stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Sprott Physical Platinum and Palladium stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.720 Buy Candidate Upgraded

Predicted Opening Price for Sprott Physical Platinum and Palladium Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$9.64 ( 0.138%) $9.65

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

Trading levels for SPPP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.76 1.11 %
R2 9.71 0.630 %
R1 9.68 0.337 %
Current price: 9.65
Support S1 9.59 -0.613 %
S2 9.56 -0.91 %
S3 9.52 -1.38 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.04 4.04 %
R2 9.85 2.07 %
R1 9.78 1.30 %
Current price 9.65
Support S1 9.52 -1.35%
S2 9.45 -2.07%
S3 9.33 -3.32%

FAQ

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

Should I buy or sell Sprott Physical Platinum and Palladium Trust Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Sprott Physical Platinum and Palladium stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Sprott Physical Platinum and Palladium Trust Stock?
Sprott Physical Platinum and Palladium 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 Platinum and Palladium Trust Stock.

What's the current price of Sprott Physical Platinum and Palladium Trust Stock?
As of the end of day on the 2024-03-28, the price of an Sprott Physical Platinum and Palladium Trust (SPPP) share was $9.65.

What is the 52-week high and low for Sprott Physical Platinum and Palladium Trust Stock?
The 52-week high for Sprott Physical Platinum and Palladium Trust Stock is $13.58 and the 52-week low is $8.64.

What is the market capitalization of Sprott Physical Platinum and Palladium Trust Stock?
As of the 2024-03-28, the market capitalization of Sprott Physical Platinum and Palladium Trust is 109.397M.
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About Sprott Physical Platinum and Palladium Trust

Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in commodity markets. It invests in physical platinum and palladium bullion in Good Delivery plate or ingot form. Sprott Physical Platinum and Palladium Trust was formed on December 23, 2011 and is domiciled in Canada.... SPPP Profile

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