Tue 18'th Sep 2018
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, which purpose is to provide a relative definition of high and low. This defintion is used to identify buy and sell signals and have 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. Get-A-Graph 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)
Bottlenecks in bandwidth indicates a upcoming change. Break up through the moving average line, or continuously movements above the moving average line indicates a break up, and vice versa downwards.
State Auto Financial Corporation Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||29.01% ( 2018-08-31 )|
State Auto Financial Corporation fell by -0.23% in the last day from $30.88 to $30.81 and has now fallen 4 days in a row. The price has fallen in 7 of the last 10 days and is down by -0.19% for this period. Volume has increased in the last day by 9 205 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 27 763 shares bought and sold for approximately $855 378.00.
State Auto Financial Corporation 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 -2.18% during the next 3 months and, with 90% probability hold a price between $28.64 and $31.82 at the end of this period.
There are few to none technical positive signals at the moment. State Auto Financial Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $31.22. On a fall, the stock will find some support from the short-term average at $30.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday September 13, 2018, which indicates further falls until a new bottom pivot has been found. State Auto Financial Corporation 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-off's".
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
State Auto Financial Corporation finds support from accumulated volume at $30.38.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.27 (7.81%) between high and low. For the last week, the stock has had a daily average volatility of 3.76%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
State Auto Financial Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.Click for Top 5 Sell Candidates
|STFC $30.81 $-0.07(-0.23%)|
STFC is down $0.07 today, but where's it headed in October?
|Zacks Investment Research is releasing its prediction for STFC based on the 1-3 month system that more than doubles the S&P 500.
Click here – the STFC analysis is free »