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: [ 20 - 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 SSON.L
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Green day on Wednesday for Smithson Investment Trust PLC stock after gaining 0.92%
(Updated on Mar 27, 2024)

Buy candidate since Mar 26, 2024 Gain 0.92% PDF

The Smithson Investment Trust PLC stock price gained 0.92% on the last trading day (Wednesday, 27th Mar 2024), rising from £1,407.00 to £1,420.00. During the last trading day the stock fluctuated 1.55% from a day low at £1,398.33 to a day high of £1,420.00. The price has risen in 6 of the last 10 days and is up by 2.45% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 73 thousand more shares were traded than the day before. In total, 783 thousand shares were bought and sold for approximately £1.11 billion.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £1,427.01 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Smithson Investment Trust PLC stock with a 90% probability to be traded between £1,375.67 and £1,447.28 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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SSON.L Signals & Forecast

Mostly positive signals in the chart today. The Smithson Investment Trust PLC 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 £1,398.29 and £1,388.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 3.88%. 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.

Support, Risk & Stop-loss for Smithson Investment Trust PLC stock

Smithson Investment Trust PLC finds support from accumulated volume at £1,404.00 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 £21.67 between high and low, or 1.55%. For the last week the stock has had daily average volatility of 1.25%.

Our recommended stop-loss: £1,344.00 (-5.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (SSON.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Smithson Investment Trust PLC to open at £1,412.78, and during the day (based on 14 day Average True Range), to move between £1,400.54 and £1,439.46, which gives a possible trading interval of +/-£19.46 (+/-1.37%) up or down from last closing price. If Smithson Investment Trust PLC takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £1,404.00, some £16.00 (1.13%) from the current price of £1,420.00, our system finds the risk reward attractive.

Is Smithson Investment Trust PLC 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 Smithson Investment Trust PLC stock to perform well in the short-term period.

Current score: 3.923 Buy Candidate Unchanged

Predicted Opening Price for Smithson Investment Trust PLC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£1,412.78 ( 0.509%) £1,420.00

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

Trading levels for SSON.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,434.44 1.02 %
R2 1,426.17 0.434 %
R1 1,421.05 0.0743 %
Current price: 1,420.00
Support S1 1,404.50 -1.09 %
S2 1,399.39 -1.45 %
S3 1,391.11 -2.03 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 1,420.00
Support S1 1,404.00 -1.13%
S2 1,398.00 -1.55%
S3 1,380.00 -2.82%

FAQ

What is the symbol for Smithson Investment Trust PLC Stock and on which exchange is it traded?
The symbol for Smithson Investment Trust PLC is SSON.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Smithson Investment Trust PLC 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 Smithson Investment Trust PLC stock to perform well in the short-term period.

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

What's the current price of Smithson Investment Trust PLC Stock?
As of the end of day on the 2024-03-27, the price of an Smithson Investment Trust PLC (SSON.L) share was £1,420.00.

What is the 52-week high and low for Smithson Investment Trust PLC Stock?
The 52-week high for Smithson Investment Trust PLC Stock is £1,470.00 and the 52-week low is £1,162.20.

What is the market capitalization of Smithson Investment Trust PLC Stock?
As of the 2024-03-27, the market capitalization of Smithson Investment Trust PLC is 2.215B.

When is the next earnings date for Smithson Investment Trust PLC?
The upcoming earnings date for Smithson Investment Trust PLC is Jul 29, 2024.
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About Smithson Investment Trust PLC

Smithson Investment Trust PLC Smithson Investment Trust plc is a closed ended equity fund launched and managed by Fundsmith LLP. The fund invests public equity markets of United Kingdom. It invest in shares issued by small and mid sized companies with a market capitalization between £500 million to £15 billion. Smithson Investment Trust plc was formed on 19 October 2018 is domiciled in the United Kingdom.... SSON.L Profile

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