Ahlatci Dogal Gaz Dagitim Enerji ve 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
Ahlatci Dogal Gaz Dagitim Enerji ve stock price up more than 5.86% on Friday
(Updated on Jun 21, 2024)
The Ahlatci Dogal Gaz Dagitim Enerji ve stock price gained 5.86% on the last trading day (Friday, 21st Jun 2024), rising from TRY 14.33 to TRY 15.17. It has now gained 4 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 4.90% from a day low at TRY 14.69 to a day high of TRY 15.41. The price has risen in 6 of the last 10 days and is up by 8.75% 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, 14 million more shares were traded than the day before. In total, 25 million shares were bought and sold for approximately TRY 373.39 million.
The stock lies in the middle of a very wide and 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 12.38% during the next 3 months and, with a 90% probability hold a price between TRY 15.19 and TRY 19.18 at the end of this 3-month period.
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AHGAZ.IS Signals & Forecast
The Ahlatci Dogal Gaz Dagitim Enerji ve stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 13.91 and TRY 14.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 13.89%. 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 Ahlatci Dogal Gaz Dagitim Enerji ve stock
Ahlatci Dogal Gaz Dagitim Enerji ve finds support from accumulated volume at TRY 15.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 0.720 between high and low, or 4.90%. For the last week, the stock has had daily average volatility of 3.44%.
Our recommended stop-loss: TRY 14.39 (-5.17%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (AHGAZ.IS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. to open at TRY 15.09, and during the day (based on 14 day Average True Range), to move between TRY 14.62 and TRY 15.72, which gives a possible trading interval of +/-TRY 0.546 (+/-3.60%) up or down from last closing price. If Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. takes out the full calculated possible swing range there will be an estimated 7.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at TRY 15.16 (0.07%) than the resistance at TRY 15.20 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. 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 Ahlatci Dogal Gaz Dagitim Enerji ve stock to perform well in the short-term.
Current score: 2.551 Buy Candidate Unchanged
Predicted Opening Price for Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| TRY 15.09 ( 0.527%) | TRY 15.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AHGAZ.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.81 | 4.22% |
| R2 | 15.53 | 2.41% |
| R1 | 15.37 | 1.29% |
| Price | 15.17 | |
| S1 | 14.81 | -2.34% |
| S2 | 14.65 | -3.46% |
| S3 | 14.37 | -5.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.73 | 3.69% |
| R2 | 15.38 | 1.38% |
| R1 | 15.20 | 0.198% |
| Price | 15.17 | |
| S1 | 15.16 | -0.0659% |
| S2 | 15.04 | -0.86% |
| S3 | 14.01 | -7.65% |
FAQ
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