Based on Bollinger bands, how to know when a pullback is likely

When using Bollinger Bands to identify potential pullbacks, look for the following signals: 1. **Stock price touching or exceeding the upper Bollinger Band**: This occurs when the stock price is trading significantly above the upper band, indicating that the stock may be overbought. A pullback is likely as the price moves back towards the mean. 2. **Stock price approaching the upper Bollinger Band but not exceeding it**: If the stock price is near the upper band but doesn't surpass it, it may indicate a potential pullback. This is especially true if other indicators suggest a potential reversal. 3. **Stock price moving towards the lower Bollinger Band**: As the stock price moves closer to the lower band, it may indicate a shift in momentum, potentially leading to a pullback. 4. **Bollinger Band contraction**: When the Bollinger Bands are contracting, it suggests that the stock is consolidating or preparing for a potential breakout. If the stock price then moves downwards, it could indicate a pullback. 5. **Upper Bollinger Band flattening or trending downwards**: If the upper band is flattening or trending downwards, it may signal a loss of upward momentum, increasing the likelihood of a pullback. In the case of Rezolve AI (RZLV), the current stock price is trading near the upper Bollinger Band ($2.76). This suggests that a pullback may be likely, especially if other indicators suggest a potential reversal or if the stock price begins to move towards the lower Bollinger Band or the mean. |code|Ticker|Name|Date|Boll(Upper Value)|Boll(Lower Value)|market_code| |---|---|---|---|---|---|---| |RZLV|RZLV.O|Rezolve AI|20250723|3.2289|2.3006|185|