AG Anadolu Grubu Holding A.S. 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
Green day on Friday for AG Anadolu Grubu Holding A.S.
(Updated on May 17, 2024)
The AG Anadolu Grubu Holding A.S. stock price gained 2.73% on the last trading day (Friday, 17th May 2024), rising from TRY 357.75 to TRY 367.50. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.14% from a day low at TRY 355.00 to a day high of TRY 373.25. The price has risen in 6 of the last 10 days and is up by 10.78% 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, 230 thousand more shares were traded than the day before. In total, 828 thousand shares were bought and sold for approximately TRY 304.13 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at TRY 355.69, a level that may pose a second chance to hit a runner. According to fan-theory TRY 396.81 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AGHOL.IS Signals & Forecast
The AG Anadolu Grubu Holding A.S. 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 TRY 347.36 and TRY 307.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 48.19%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AG Anadolu Grubu Holding A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 337.25 and TRY 304.00. 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, AG Anadolu Grubu Holding A.S. finds support just below today's level at TRY 337.25. If this is broken, then the next support from accumulated volume will be at TRY 304.00 and TRY 287.75.
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 18.25 between high and low, or 5.14%. For the last week, the stock has had daily average volatility of 4.24%.
The AG Anadolu Grubu Holding A.S. stock is extremely overbought on RSI14 (86). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: TRY 355.45 (-3.28%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (AGHOL.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect AG Anadolu Grubu Holding A.S. to open at TRY 365.25, and during the day (based on 14 day Average True Range), to move between TRY 355.17 and TRY 379.83, which gives a possible trading interval of +/-TRY 12.33 (+/-3.35%) up or down from last closing price. If AG Anadolu Grubu Holding A.S. takes out the full calculated possible swing range there will be an estimated 6.71% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 337.25, some TRY 30.25 (8.23%) from the current price of TRY 367.50, our system finds the risk reward attractive.
Earnings coming up
AG Anadolu Grubu Holding A.S. will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for AG Anadolu Grubu Holding A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.25% in the first trading day after earnings release.
Is AG Anadolu Grubu Holding A.S. stock A Buy?
AG Anadolu Grubu Holding A.S. 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for AG Anadolu Grubu Holding A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 365.25 ( 0.612%) | TRY 367.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGHOL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 383.50 | 4.35 % | |
| R2 | 376.53 | 2.46 % | ||
| R1 | 372.22 | 1.28 % | ||
| Current price: | 367.50 | |||
| Support | S1 | 358.28 | -2.51 % | |
| S2 | 353.97 | -3.68 % | ||
| S3 | 347.00 | -5.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 367.50 | |||
| Support | S1 | 337.25 | -8.23% | |
| S2 | 304.00 | -17.28% | ||
| S3 | 287.75 | -21.70% |
AGHOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | May 31, 2024 | TRY 2.87 | 0.784% |
| 2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | TRY 0.82 | 0.89% |
| 3 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | TRY 0.616 | 0.659% |
| 4 | May 25, 2022 | May 25, 2022 | May 25, 2022 | TRY 0.246 | 0.697% |
| 5 | May 31, 2021 | May 31, 2021 | May 31, 2021 | TRY 0.164 | 0.727% |
FAQ
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