Anatolia Tani ve Biyoteknoloji 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
Anatolia Tani ve Biyoteknoloji stock price ended at TRY 12.01 on Friday, after gaining 0.418%.
(Updated on May 31, 2024)
The Anatolia Tani ve Biyoteknoloji stock price gained 0.418% on the last trading day (Friday, 31st May 2024), rising from TRY 11.96 to TRY 12.01. During the last trading day the stock fluctuated 2.54% from a day low at TRY 11.82 to a day high of TRY 12.12. The price has fallen in 6 of the last 10 days and is down by -8.95% for this period. Volume fell on the last day by -471 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 15.91 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at TRY 11.96 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Anatolia Tani ve Biyoteknoloji stock with a 90% probability to be traded between TRY 11.79 and TRY 14.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ANGEN.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.418%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Anatolia Tani ve Biyoteknoloji stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 12.29 and TRY 13.36. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Anatolia Tani ve Biyoteknoloji stock
Anatolia Tani ve Biyoteknoloji finds support from accumulated volume at TRY 11.96 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 0.300 between high and low, or 2.54%. For the last week, the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANGEN.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Anatolia Tani ve Biyoteknoloji Ürünleri Ar-Ge Sanayi Ticaret A.S. to open at TRY 11.98, and during the day (based on 14 day Average True Range), to move between TRY 11.55 and TRY 12.47, which gives a possible trading interval of +/-TRY 0.460 (+/-3.83%) up or down from last closing price. If Anatolia Tani ve Biyoteknoloji Ürünleri Ar-Ge Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 7.67% 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 11.96 (0.42%) than the resistance at TRY 13.54 (12.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Anatolia Tani ve Biyoteknoloji Ürünleri Ar-Ge Sanayi Ticaret A.S. stock A Buy?
Anatolia Tani ve Biyoteknoloji holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.230 Sell Candidate Unchanged
Predicted Opening Price for Anatolia Tani ve Biyoteknoloji Ürünleri Ar-Ge Sanayi Ticaret A.S. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 11.98 ( 0.222%) | TRY 12.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANGEN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.28 | 2.28 % | |
| R2 | 12.17 | 1.32 % | ||
| R1 | 12.10 | 0.732 % | ||
| Current price: | 12.01 | |||
| Support | S1 | 11.87 | -1.18 % | |
| S2 | 11.80 | -1.77 % | ||
| S3 | 11.68 | -2.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.94 | 16.07 % | |
| R2 | 13.64 | 13.57 % | ||
| R1 | 13.54 | 12.74 % | ||
| Current price | 12.01 | |||
| Support | S1 | 11.96 | -0.416% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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