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 WRN
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Wednesday for Western Copper and Gold Corp stock after gaining 2.05%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 13, 2024 Loss -2.61% PDF

The Western Copper and Gold Corp stock price gained 2.05% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.46 to $1.49. During the last trading day the stock fluctuated 3.42% from a day low at $1.46 to a day high of $1.51. The price has risen in 4 of the last 10 days but is still down by -2.61% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately $122.96 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.20% during the next 3 months and, with a 90% probability hold a price between $1.24 and $1.92 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

WRN Signals & Forecast

The Western Copper and Gold Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.51. On a fall, the stock will find some support from the long-term average at approximately $1.28. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Western Copper and Gold Corp 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 Wednesday, March 20, 2024, and so far it has fallen -6.88%. 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).

Support, Risk & Stop-loss for Western Copper and Gold Corp stock

Western Copper and Gold Corp finds support from accumulated volume at $1.42 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 $0.0500 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 5.48%.

Our recommended stop-loss: $1.40 (-5.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (WRN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Western Copper and Gold Corp to open at $1.49, and during the day (based on 14 day Average True Range), to move between $1.41 and $1.57, which gives a possible trading interval of +/-$0.0837 (+/-5.61%) up or down from last closing price. If Western Copper and Gold Corp takes out the full calculated possible swing range there will be an estimated 11.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.51 (1.34%) than the support at $1.42 (4.70%), 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 Western Copper and Gold Corp stock A Buy?

Western Copper and Gold Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.449 Hold/Accumulate Unchanged

Predicted Opening Price for Western Copper and Gold Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.49 ( 0.224%) $1.49

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

Trading levels for WRN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.54 3.13 %
R2 1.52 1.85 %
R1 1.51 1.06 %
Current price: 1.49
Support S1 1.47 -1.51 %
S2 1.46 -2.30 %
S3 1.44 -3.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.60 7.38 %
R2 1.53 2.68 %
R1 1.51 1.34 %
Current price 1.49
Support S1 1.42 -4.70%
S2 1.13 -24.16%
S3 1.12 -24.83%

FAQ

What is the symbol for Western Copper and Gold Corp Stock and on which exchange is it traded?
The symbol for Western Copper and Gold Corp is WRN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Western Copper and Gold Corp Stock?
Western Copper and Gold Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Western Copper and Gold Corp Stock?
Western Copper and Gold Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Western Copper and Gold Corp Stock.

What's the current price of Western Copper and Gold Corp Stock?
As of the end of day on the 2024-03-27, the price of an Western Copper and Gold Corp (WRN) share was $1.49.

What is the 52-week high and low for Western Copper and Gold Corp Stock?
The 52-week high for Western Copper and Gold Corp Stock is $1.98 and the 52-week low is $0.95.

What is the market capitalization of Western Copper and Gold Corp Stock?
As of the 2024-03-27, the market capitalization of Western Copper and Gold Corp is 237.424M.

When is the next earnings date for Western Copper and Gold Corp?
The upcoming earnings date for Western Copper and Gold Corp is Mar 28, 2024.
Click to get the best stock tips daily for free!