Aksa Akrilik Kimya Sanayii 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
Aksa Akrilik Kimya Sanayii A.S. stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Aksa Akrilik Kimya Sanayii A.S. stock price gained 0.334% on the last trading day (Friday, 3rd May 2024), rising from TRY 119.60 to TRY 120.00. During the last trading day the stock fluctuated 2.53% from a day low at TRY 118.60 to a day high of TRY 121.60. The price has risen in 7 of the last 10 days and is up by 15.38% over the past 2 weeks. Volume fell on the last day by -4 million shares and in total, 4 million shares were bought and sold for approximately TRY 446.35 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the very wide and weak 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 118.08, a level that may pose a second chance to hit a runner. According to fan-theory TRY 144.64 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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AKSA.IS Signals & Forecast
Mostly positive signals in the chart today. The Aksa Akrilik Kimya Sanayii 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 112.74 and TRY 102.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 33.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Aksa Akrilik Kimya Sanayii A.S. stock
Aksa Akrilik Kimya Sanayii A.S. finds support from accumulated volume at TRY 119.60 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 3.00 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 6.49%.
The Aksa Akrilik Kimya Sanayii A.S. stock is extremely overbought on RSI14 (82). 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 116.57 (-2.86%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (AKSA.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Aksa Akrilik Kimya Sanayii A.S. to open at TRY 120.07, and during the day (based on 14 day Average True Range), to move between TRY 114.47 and TRY 125.53, which gives a possible trading interval of +/-TRY 5.53 (+/-4.61%) up or down from last closing price. If Aksa Akrilik Kimya Sanayii A.S. takes out the full calculated possible swing range there will be an estimated 9.22% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 119.60, some TRY 0.400 (0.33%) from the current price of TRY 120.00, our system finds the risk reward attractive.
Earnings coming up
Aksa Akrilik Kimya Sanayii A.S. will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Aksa Akrilik Kimya Sanayii A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.00% in the first trading day after earnings release.
Is Aksa Akrilik Kimya Sanayii A.S. stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Aksa Akrilik Kimya Sanayii A.S. stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.435 Buy Candidate Upgraded
Predicted Opening Price for Aksa Akrilik Kimya Sanayii A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 120.07 ( 0.0556%) | TRY 120.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKSA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.07 | 2.56 % | |
| R2 | 121.92 | 1.60 % | ||
| R1 | 121.21 | 1.01 % | ||
| Current price: | 120.00 | |||
| Support | S1 | 118.92 | -0.90 % | |
| S2 | 118.21 | -1.49 % | ||
| S3 | 117.07 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 120.00 | |||
| Support | S1 | 119.60 | -0.333% | |
| S2 | 116.50 | -2.92% | ||
| S3 | 99.30 | -17.25% |
AKSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 05, 2024 | TRY 5.00 | 5.24% |
| 2 | Apr 11, 2023 | Apr 11, 2023 | Apr 11, 2023 | TRY 2.41 | 3.32% |
| 3 | Apr 21, 2022 | Apr 21, 2022 | Apr 21, 2022 | TRY 1.85 | 3.95% |
| 4 | Apr 13, 2021 | Apr 13, 2021 | Apr 13, 2021 | TRY 0.87 | 5.69% |
| 5 | Apr 07, 2020 | Apr 07, 2020 | Apr 07, 2020 | TRY 0.740 | 12.01% |
FAQ
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