Akis Gayrimenkul Yatirim Ortakligi 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
Akis Gayrimenkul Yatirim Ortakligi A.S. stock price ended at TRY 18.58 on Friday, after gaining 1.09%.
(Updated on May 24, 2024)
The Akis Gayrimenkul Yatirim Ortakligi A.S. stock price gained 1.09% on the last trading day (Friday, 24th May 2024), rising from TRY 18.38 to TRY 18.58. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 5.69% from a day low at TRY 18.11 to a day high of TRY 19.14. The price has risen in 8 of the last 10 days and is up by 9.42% 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, 556 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately TRY 36.38 million.
The stock lies in the middle of a wide and weak 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 4.19% during the next 3 months and, with a 90% probability hold a price between TRY 17.24 and TRY 20.57 at the end of this 3-month period.
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AKSGY.IS Signals & Forecast
The Akis Gayrimenkul Yatirim Ortakligi 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 17.83 and TRY 16.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 12.95%. 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 Akis Gayrimenkul Yatirim Ortakligi A.S. stock
Akis Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 17.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.03 between high and low, or 5.69%. For the last week, the stock has had daily average volatility of 4.86%.
Since the Akis Gayrimenkul Yatirim Ortakligi A.S. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: TRY 17.74 (-4.51%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (AKSGY.IS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Akis Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 18.61, and during the day (based on 14 day Average True Range), to move between TRY 17.69 and TRY 19.47, which gives a possible trading interval of +/-TRY 0.89 (+/-4.80%) up or down from last closing price. If Akis Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 9.61% 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 18.73 (0.81%) than the support at TRY 17.68 (4.84%), 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 Akis 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 Akis Gayrimenkul Yatirim Ortakligi A.S. stock to perform well in the short-term.
Current score: 4.606 Buy Candidate Unchanged
Predicted Opening Price for Akis Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| TRY 18.61 ( 0.161%) | TRY 18.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKSGY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.64 | 5.71 % | |
| R2 | 19.25 | 3.59 % | ||
| R1 | 19.00 | 2.28 % | ||
| Current price: | 18.58 | |||
| Support | S1 | 18.22 | -1.96 % | |
| S2 | 17.97 | -3.26 % | ||
| S3 | 17.58 | -5.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 19.54 | 5.17 % | ||
| R1 | 18.73 | 0.81 % | ||
| Current price | 18.58 | |||
| Support | S1 | 17.68 | -4.84% | |
| S2 | 17.59 | -5.33% | ||
| S3 | 16.44 | -11.52% |
FAQ
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