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.
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Green day on Thursday for Select Energy Services Inc. Class A
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 06, 2024 Gain 20.81% PDF

The Select Energy Services Inc. Class A stock price gained 0.87% on the last trading day (Thursday, 28th Mar 2024), rising from $9.15 to $9.23. During the last trading day the stock fluctuated 2.14% from a day low at $9.12 to a day high of $9.31. The price has risen in 6 of the last 10 days and is up by 3.59% 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, 379 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $9.44 million.

The stock lies in the middle of a 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 30.38% during the next 3 months and, with a 90% probability hold a price between $11.32 and $12.35 at the end of this 3-month period.

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WTTR Signals & Forecast

The Select Energy Services Inc. Class A 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 $9.17 and $8.55. A breakdown below any of these levels will issue sell signals. 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. 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 Thursday, March 21, 2024, and so far it has fallen -0.646%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Select Energy Services Inc. Class A stock

Select Energy Services Inc. Class A finds support from accumulated volume at $9.09 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 $0.195 between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 2.41%.

Our recommended stop-loss: $8.89 (-3.67%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 5 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Select Energy Services Inc. Class A to open at $9.22, and during the day (based on 14 day Average True Range), to move between $9.00 and $9.46, which gives a possible trading interval of +/-$0.234 (+/-2.53%) up or down from last closing price. If Select Energy Services Inc. Class A takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.29 (0.65%) than the support at $9.09 (1.52%), 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 Select Energy Services Inc. Class A 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 Select Energy Services Inc. Class A stock to perform well in the short-term.

Current score: 4.465 Buy Candidate Unchanged

Predicted Opening Price for Select Energy Services Inc. Class A of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$9.22 ( 0.126%) $9.23

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

Trading levels for WTTR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.41 1.99 %
R2 9.34 1.18 %
R1 9.29 0.681 %
Current price: 9.23
Support S1 9.14 -0.93 %
S2 9.10 -1.43 %
S3 9.02 -2.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 9.29 0.650 %
Current price 9.23
Support S1 9.09 -1.52%
S2 9.08 -1.63%
S3 8.97 -2.82%

WTTR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 06, 2024 Feb 06, 2024 Feb 20, 2024 $0.0600 0.764%
2 Oct 26, 2023 Nov 06, 2023 Nov 17, 2023 $0.0600 0.82%
3 Jul 27, 2023 Aug 04, 2023 Aug 17, 2023 $0.0500 0.600%
4 Apr 25, 2023 May 04, 2023 May 17, 2023 $0.0500 0.662%
5 Jan 27, 2023 Feb 06, 2023 Feb 17, 2023 $0.0500 0.610%

FAQ

What is the symbol for Select Energy Services Inc. Class A Stock and on which exchange is it traded?
The symbol for Select Energy Services Inc. Class A is WTTR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Select Energy Services Inc. Class A 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 Select Energy Services Inc. Class A stock to perform well in the short-term.

How to buy Select Energy Services Inc. Class A Stock?
Select Energy Services Inc. Class A Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Select Energy Services Inc. Class A Stock.

What's the current price of Select Energy Services Inc. Class A Stock?
As of the end of day on the 2024-03-28, the price of an Select Energy Services Inc. Class A (WTTR) share was $9.23.

What is the 52-week high and low for Select Energy Services Inc. Class A Stock?
The 52-week high for Select Energy Services Inc. Class A Stock is $9.34 and the 52-week low is $6.57.

What is the market capitalization of Select Energy Services Inc. Class A Stock?
As of the 2024-03-28, the market capitalization of Select Energy Services Inc. Class A is 940.934M.

When is the next earnings date for Select Energy Services Inc. Class A?
The upcoming earnings date for Select Energy Services Inc. Class A is May 07, 2024.
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About Select Energy Services Inc. Class A

Select Energy Services. Class A Select Energy Services, Inc., an oilfield services company, provides water management and chemical solutions to the onshore oil and gas industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Oilfield Chemicals. The Water Services segment provides water-related services, including water transfer, flow back and well testing, water containment, fluids hauling, water monitoring, and water... WTTR Profile

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