Akmerkez Gayrimenkul Yatirim Ortakligi 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
Akmerkez Gayrimenkul Yatirim Ortakligi stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The Akmerkez Gayrimenkul Yatirim Ortakligi stock price gained 4.42% on the last trading day (Wednesday, 8th May 2024), rising from TRY 339.50 to TRY 354.50. During the last trading day the stock fluctuated 9.65% from a day low at TRY 339.25 to a day high of TRY 372.00. The price has risen in 7 of the last 10 days and is up by 20.27% 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, 58 thousand more shares were traded than the day before. In total, 144 thousand shares were bought and sold for approximately TRY 51.18 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 62.58% during the next 3 months and, with a 90% probability hold a price between TRY 497.96 and TRY 635.49 at the end of this 3-month period.
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AKMGY.IS Signals & Forecast
The Akmerkez Gayrimenkul Yatirim Ortakligi 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 355.00. On a fall, the stock will find some support from the long-term average at approximately TRY 307.66. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, May 02, 2024, and so far it has fallen -6.83%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Akmerkez Gayrimenkul Yatirim Ortakligi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 326.00 and TRY 310.00. 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, Akmerkez Gayrimenkul Yatirim Ortakligi finds support just below today's level at TRY 326.00. If this is broken, then the next support from accumulated volume will be at TRY 310.00 and TRY 292.75.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 32.75 between high and low, or 9.65%. For the last week, the stock has had daily average volatility of 7.66%.
Our recommended stop-loss: TRY 334.15 (-5.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (AKMGY.IS) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Akmerkez Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 355.25, and during the day (based on 14 day Average True Range), to move between TRY 328.80 and TRY 380.20, which gives a possible trading interval of +/-TRY 25.70 (+/-7.25%) up or down from last closing price. If Akmerkez Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 14.50% 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 359.25 (1.34%) than the support at TRY 326.00 (8.04%), 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 Akmerkez Gayrimenkul Yatirim Ortakligi 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 Akmerkez Gayrimenkul Yatirim Ortakligi stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.122 Buy Candidate Upgraded
Predicted Opening Price for Akmerkez Gayrimenkul Yatirim Ortakligi A.S. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| TRY 355.25 ( 0.212%) | TRY 354.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKMGY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 388.00 | 9.45 % | |
| R2 | 375.49 | 5.92 % | ||
| R1 | 367.76 | 3.74 % | ||
| Current price: | 354.50 | |||
| Support | S1 | 342.74 | -3.32 % | |
| S2 | 335.01 | -5.50 % | ||
| S3 | 322.50 | -9.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 380.50 | 7.33 % | |
| R2 | 363.00 | 2.40 % | ||
| R1 | 359.25 | 1.34 % | ||
| Current price | 354.50 | |||
| Support | S1 | 326.00 | -8.04% | |
| S2 | 310.00 | -12.55% | ||
| S3 | 292.75 | -17.42% |
FAQ
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