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 WYY
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Big movements in WidePoint Corp stock price on Thursday moving 15.54% between high and low
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Loss -0.77% PDF

The WidePoint Corp stock price gained 1.57% on the last trading day (Thursday, 28th Mar 2024), rising from $2.55 to $2.59. During the last trading day the stock fluctuated 15.54% from a day low at $2.25 to a day high of $2.60. The price has fallen in 5 of the last 10 days and is down by -1.89% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 72 thousand shares were bought and sold for approximately $185.86 thousand.

The stock lies in the middle of a very wide and weak 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 2.58% during the next 3 months and, with a 90% probability hold a price between $2.30 and $3.57 at the end of this 3-month period.

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WYY Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). WidePoint 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. The WidePoint Corp stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.71. On a fall, the stock will find some support from the short-term average at $2.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, January 30, 2024, and so far it has fallen -24.27%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for WidePoint Corp stock

WidePoint Corp finds support from accumulated volume at $2.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.350 (15.54%) between high and low. For the last week, the stock has had daily average volatility of 6.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect WidePoint Corp to open at $2.48, and during the day (based on 14 day Average True Range), to move between $2.43 and $2.75, which gives a possible trading interval of +/-$0.164 (+/-6.32%) up or down from last closing price. If WidePoint Corp takes out the full calculated possible swing range there will be an estimated 12.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.53 (2.32%) than the resistance at $3.06 (18.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is WidePoint Corp stock A Buy?

WidePoint Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.767 Sell Candidate Unchanged

Predicted Opening Price for WidePoint Corp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.48 ( 4.25%) $2.59

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

Trading levels for WYY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.83 9.25 %
R2 2.70 4.09 %
R1 2.61 0.90 %
Current price: 2.59
Support S1 2.35 -9.41 %
S2 2.26 -12.59 %
S3 2.13 -17.75 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.23 24.71 %
R2 3.08 18.92 %
R1 3.06 18.15 %
Current price 2.59
Support S1 2.53 -2.32%
S2 2.34 -9.65%
S3 2.32 -10.42%

FAQ

What is the symbol for WidePoint Corp Stock and on which exchange is it traded?
The symbol for WidePoint Corp is WYY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell WidePoint Corp Stock?
WidePoint Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy WidePoint Corp Stock?
WidePoint 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 WidePoint Corp Stock.

What's the current price of WidePoint Corp Stock?
As of the end of day on the 2024-03-28, the price of an WidePoint Corp (WYY) share was $2.59.

What is the 52-week high and low for WidePoint Corp Stock?
The 52-week high for WidePoint Corp Stock is $3.49 and the 52-week low is $1.60.

What is the market capitalization of WidePoint Corp Stock?
As of the 2024-03-28, the market capitalization of WidePoint Corp is 23.082M.

When is the next earnings date for WidePoint Corp?
The upcoming earnings date for WidePoint Corp is May 13, 2024.
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About WidePoint Corp

WidePoint WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a federal government certified proprietary portal to manage, analyze, and protect communications assets, as well as deploy identity management solutions that provide secured virtual and physical access to restricted environments. The company provides telecom lifecycle m... WYY Profile

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