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 THM
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Volatile ride for International Tower Hill Mines Ltd(USA] stock price on Thursday moving between $0.620 and $0.690
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 25, 2024 Gain 9.44% PDF

The International Tower Hill Mines Ltd(USA] stock price gained 10.32% on the last trading day (Thursday, 28th Mar 2024), rising from $0.625 to $0.690. During the last trading day the stock fluctuated 11.21% from a day low at $0.620 to a day high of $0.690. The price has fallen in 6 of the last 10 days and is down by -2.31% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 122 thousand shares were bought and sold for approximately $84.12 thousand.

The stock lies in the upper part of a very wide and weak 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 $0.731 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.14% during the next 3 months and, with a 90% probability hold a price between $0.535 and $0.769 at the end of this 3-month period.

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THM Signals & Forecast

The International Tower Hill Mines Ltd(USA] 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 $0.649 and $0.593. A breakdown below any of these levels will issue sell signals. International Tower Hill Mines Ltd(USA] 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, March 20, 2024, and so far it has fallen -5.22%. 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).

Support, Risk & Stop-loss for International Tower Hill Mines Ltd(USA] stock

International Tower Hill Mines Ltd(USA] finds support from accumulated volume at $0.688 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0695 between high and low, or 11.21%. For the last week, the stock has had daily average volatility of 7.98%.

Our recommended stop-loss: $0.653 (-5.28%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

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

For the upcoming trading day on Monday, 1st we expect International Tower Hill Mines Ltd(USA] to open at $0.666, and during the day (based on 14 day Average True Range), to move between $0.633 and $0.746, which gives a possible trading interval of +/-$0.0561 (+/-8.14%) up or down from last closing price. If International Tower Hill Mines Ltd(USA] takes out the full calculated possible swing range there will be an estimated 16.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.690 (0.07%) than the support at $0.688 (0.22%), 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 International Tower Hill Mines Ltd(USA] 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 International Tower Hill Mines Ltd(USA] stock to perform well in the short-term.

Current score: 3.759 Buy Candidate Unchanged

Predicted Opening Price for International Tower Hill Mines Ltd(USA] of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.666 ( 3.36%) $0.690

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

Trading levels for THM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.736 6.72 %
R2 0.709 2.87 %
R1 0.693 0.491 %
Current price: 0.690
Support S1 0.640 -7.21 %
S2 0.623 -9.59 %
S3 0.597 -13.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.728 5.51 %
R2 0.710 2.97 %
R1 0.690 0.0725 %
Current price 0.690
Support S1 0.688 -0.218%
S2 0.629 -8.77%
S3 0.620 -10.08%

FAQ

What is the symbol for International Tower Hill Mines Ltd(USA] Stock and on which exchange is it traded?
The symbol for International Tower Hill Mines Ltd(USA] is THM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell International Tower Hill Mines Ltd(USA] 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 International Tower Hill Mines Ltd(USA] stock to perform well in the short-term.

How to buy International Tower Hill Mines Ltd(USA] Stock?
International Tower Hill Mines Ltd(USA] Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy International Tower Hill Mines Ltd(USA] Stock.

What's the current price of International Tower Hill Mines Ltd(USA] Stock?
As of the end of day on the 2024-03-28, the price of an International Tower Hill Mines Ltd(USA] (THM) share was $0.690.

What is the 52-week high and low for International Tower Hill Mines Ltd(USA] Stock?
The 52-week high for International Tower Hill Mines Ltd(USA] Stock is $0.760 and the 52-week low is $0.310.

What is the market capitalization of International Tower Hill Mines Ltd(USA] Stock?
As of the 2024-03-28, the market capitalization of International Tower Hill Mines Ltd(USA] is 137.688M.

When is the next earnings date for International Tower Hill Mines Ltd(USA]?
The upcoming earnings date for International Tower Hill Mines Ltd(USA] is May 03, 2024.
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