Anadolu Efes Biracilik ve Malt Sanayii 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
Anadolu Efes Biracilik ve Malt Sanayii stock price up 1.95% on Friday
(Updated on May 31, 2024)
The Anadolu Efes Biracilik ve Malt Sanayii stock price gained 1.95% on the last trading day (Friday, 31st May 2024), rising from TRY 195.20 to TRY 199.00. During the last trading day the stock fluctuated 4.02% from a day low at TRY 198.90 to a day high of TRY 206.90. The price has fallen in 7 of the last 10 days and is down by -4.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately TRY 880.75 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 196.50 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 53.16% during the next 3 months and, with a 90% probability hold a price between TRY 300.96 and TRY 338.81 at the end of this 3-month period.
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AEFES.IS Signals & Forecast
The Anadolu Efes Biracilik ve Malt Sanayii 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 TRY 201.91. On a fall, the stock will find some support from the long-term average at approximately TRY 189.67. 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. 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 Friday, May 17, 2024, and so far it has fallen -4.42%. 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 Anadolu Efes Biracilik ve Malt Sanayii stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 155.00 and TRY 152.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Anadolu Efes Biracilik ve Malt Sanayii finds support just below today's level at TRY 155.00. If this is broken, then the next support from accumulated volume will be at TRY 152.90 and TRY 152.50.
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 TRY 8.00 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 3.95%.
Our recommended stop-loss: TRY 187.22 (-5.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (AEFES.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi to open at TRY 201.60, and during the day (based on 14 day Average True Range), to move between TRY 191.63 and TRY 206.37, which gives a possible trading interval of +/-TRY 7.37 (+/-3.70%) up or down from last closing price. If Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 7.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 199.70 (0.35%) than the support at TRY 155.00 (22.11%), 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 Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi 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 Anadolu Efes Biracilik ve Malt Sanayii stock to perform well in the short-term.
Current score: 4.385 Buy Candidate Unchanged
Predicted Opening Price for Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 201.60 ( 1.31%) | TRY 199.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEFES.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 209.60 | 5.33 % | |
| R2 | 206.54 | 3.79 % | ||
| R1 | 204.66 | 2.84 % | ||
| Current price: | 199.00 | |||
| Support | S1 | 198.54 | -0.229 % | |
| S2 | 196.66 | -1.18 % | ||
| S3 | 193.60 | -2.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 208.20 | 4.62 % | |
| R2 | 204.30 | 2.66 % | ||
| R1 | 199.70 | 0.352 % | ||
| Current price | 199.00 | |||
| Support | S1 | 155.00 | -22.11% | |
| S2 | 152.90 | -23.17% | ||
| S3 | 152.50 | -23.37% |
AEFES Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | May 30, 2024 | TRY 2.35 | 1.20% |
| 2 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | TRY 1.07 | 1.07% |
| 3 | May 23, 2023 | May 23, 2023 | May 23, 2023 | TRY 1.07 | 1.85% |
| 4 | May 20, 2022 | May 20, 2022 | May 20, 2022 | TRY 1.85 | 6.74% |
| 5 | May 28, 2021 | May 28, 2021 | May 28, 2021 | TRY 1.93 | 8.40% |
FAQ
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