Asce 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
Asce Gayrimenkul Yatirim Ortakligi A.S. stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)
The Asce Gayrimenkul Yatirim Ortakligi A.S. stock price gained 1.83% on the last trading day (Friday, 14th Jun 2024), rising from TRY 13.14 to TRY 13.38. During the last trading day the stock fluctuated 2.42% from a day low at TRY 13.22 to a day high of TRY 13.54. The price has fallen in 6 of the last 10 days and is down by -3.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately TRY 111.59 million.
The stock lies in the middle of a 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 -4.80% during the next 3 months and, with a 90% probability hold a price between TRY 12.15 and TRY 14.77 at the end of this 3-month period.
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ASGYO.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 4.61%. 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. The Asce Gayrimenkul Yatirim Ortakligi 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 14.18. On a fall, the stock will find some support from the short-term average at TRY 13.20. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Asce Gayrimenkul Yatirim Ortakligi A.S. stock
Asce Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 13.19 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 0.320 between high and low, or 2.42%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: TRY 12.60 (-5.81%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (ASGYO.IS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Asce Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 13.38, and during the day (based on 14 day Average True Range), to move between TRY 12.95 and TRY 13.81, which gives a possible trading interval of +/-TRY 0.428 (+/-3.20%) up or down from last closing price. If Asce Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 6.40% 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 13.19 (1.42%) than the resistance at TRY 14.56 (8.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Asce Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Asce Gayrimenkul Yatirim Ortakligi 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: -0.312 Hold/Accumulate Upgraded
Predicted Opening Price for Asce Gayrimenkul Yatirim Ortakligi A.S. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| TRY 13.38 ( 0%) | TRY 13.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.70 | 2.39% |
| R2 | 13.58 | 1.48% |
| R1 | 13.50 | 0.91% |
| Price | 13.38 | |
| S1 | 13.26 | -0.91% |
| S2 | 13.18 | -1.48% |
| S3 | 13.06 | -2.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.35 | 14.72% |
| R2 | 15.00 | 12.11% |
| R1 | 14.56 | 8.82% |
| Price | 13.38 | |
| S1 | 13.19 | -1.42% |
| S2 | 13.14 | -1.79% |
| S3 | 12.79 | -4.41% |
FAQ
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