180 Degree Capital Corp Stock Forecast
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:
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
180 Degree Capital Corp stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)
No changes to the price of 180 Degree Capital Corp stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 1.01% from a day low at $3.96 to a day high of $4.00. The price has fallen in 6 of the last 10 days and is down by -4.33% for this period.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.92 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 3.34% during the next 3 months and, with a 90% probability hold a price between $4.06 and $4.57 at the end of this 3-month period.
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TURN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.53%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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. The 180 Degree Capital Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.99 and $4.21. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for 180 Degree Capital Corp stock
180 Degree Capital Corp finds support from accumulated volume at $3.95 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 $0.0399 between high and low, or 1.01%. For the last week, the stock has had daily average volatility of 2.53%.
180 Degree Capital Corp is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $3.74 (-6.05%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 20 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (TURN) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect 180 Degree Capital Corp to open at $3.98, and during the day (based on 14 day Average True Range), to move between $3.87 and $4.09, which gives a possible trading interval of +/-$0.108 (+/-2.73%) up or down from last closing price. If 180 Degree Capital Corp takes out the full calculated possible swing range there will be an estimated 5.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.95 (0.76%) than the resistance at $4.17 (4.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 180 Degree Capital Corp stock A Buy?
180 Degree Capital Corp 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.187 Hold/Accumulate Upgraded
Predicted Opening Price for 180 Degree Capital Corp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $3.98 ( 0.0008%) | $3.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TURN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.02 | 1.00 % | |
| R2 | 4.00 | 0.620 % | ||
| R1 | 4.00 | 0.384 % | ||
| Current price: | 3.98 | |||
| Support | S1 | 3.96 | -0.382 % | |
| S2 | 3.96 | -0.619 % | ||
| S3 | 3.94 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.31 | 8.25 % | |
| R2 | 4.30 | 8.04 % | ||
| R1 | 4.17 | 4.77 % | ||
| Current price | 3.98 | |||
| Support | S1 | 3.95 | -0.756% | |
| S2 | 3.93 | -1.26% | ||
| S3 | 3.92 | -1.51% |
TURN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2002 | Jul 01, 2002 | Jul 01, 2002 | $0.378 | 4.70% |
| 2 | Sep 20, 2000 | Oct 11, 2000 | Nov 15, 2000 | $0.0600 | 0.500% |
| 3 | Feb 23, 1999 | Mar 17, 1999 | Mar 25, 1999 | $1.05 | 18.99% |
| 4 | Apr 09, 1998 | Apr 23, 1998 | May 12, 1998 | $2.25 | 23.54% |
| 5 | Nov 15, 1990 | Nov 26, 1990 | Dec 14, 1990 | $0.0300 | 0.726% |
FAQ
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