Alarko 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
Stronger technical forecast for Alarko Holding A.S. stock price after Friday trading.
(Updated on May 17, 2024)
The Alarko Holding A.S. stock price gained 2.09% on the last trading day (Friday, 17th May 2024), rising from TRY 114.80 to TRY 117.20. During the last trading day the stock fluctuated 3.22% from a day low at TRY 114.80 to a day high of TRY 118.50. The price has been going up and down for this period, and there has been a -0.34% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately TRY 1.16 billion.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.85% during the next 3 months and, with a 90% probability hold a price between TRY 99.26 and TRY 124.74 at the end of this 3-month period.
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ALARK.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 2.63%. 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 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. The Alarko Holding A.S. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 124.27. On a fall, the stock will find some support from the short-term average at TRY 116.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Alarko Holding A.S. stock
Alarko Holding A.S. finds support from accumulated volume at TRY 116.20 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 3.70 between high and low, or 3.22%. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: TRY 110.48 (-5.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (ALARK.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Alarko Holding A.S. to open at TRY 116.83, and during the day (based on 14 day Average True Range), to move between TRY 113.12 and TRY 121.28, which gives a possible trading interval of +/-TRY 4.08 (+/-3.48%) up or down from last closing price. If Alarko Holding A.S. takes out the full calculated possible swing range there will be an estimated 6.97% 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 116.20 (0.85%) than the resistance at TRY 119.20 (1.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alarko Holding A.S. stock A Buy?
Alarko 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.603 Hold/Accumulate Upgraded
Predicted Opening Price for Alarko Holding A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 116.83 ( 0.313%) | TRY 117.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALARK.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.53 | 2.84 % | |
| R2 | 119.12 | 1.64 % | ||
| R1 | 118.25 | 0.89 % | ||
| Current price: | 117.20 | |||
| Support | S1 | 115.42 | -1.52 % | |
| S2 | 114.55 | -2.26 % | ||
| S3 | 113.13 | -3.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.30 | 12.88 % | |
| R2 | 124.90 | 6.57 % | ||
| R1 | 119.20 | 1.71 % | ||
| Current price | 117.20 | |||
| Support | S1 | 116.20 | -0.85% | |
| S2 | 114.80 | -2.05% | ||
| S3 | 114.70 | -2.13% |
ALARK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 03, 2024 | TRY 0.97 | 0.82% |
| 2 | Nov 15, 2023 | Nov 15, 2023 | Nov 15, 2023 | TRY 0.230 | 0.223% |
| 3 | Aug 25, 2023 | Aug 25, 2023 | Aug 25, 2023 | TRY 0.350 | 0.284% |
| 4 | May 31, 2023 | May 31, 2023 | May 31, 2023 | TRY 0.330 | 0.487% |
| 5 | May 06, 2022 | May 06, 2022 | May 06, 2022 | TRY 0.230 | 0.85% |
FAQ
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