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 price down 1.37% on Tuesday
(Updated on Jun 25, 2024)
The Asce Gayrimenkul Yatirim Ortakligi A.S. stock price fell by -1.37% on the last day (Tuesday, 25th Jun 2024) from TRY 13.18 to TRY 13.00. During the last trading day the stock fluctuated 2.01% from a day low at TRY 12.94 to a day high of TRY 13.20. The price has fallen in 6 of the last 10 days and is down by -3.7% for this period. Volume has increased on the last day by 38 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately TRY 54.23 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 12.67 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.77% during the next 3 months and, with a 90% probability hold a price between TRY 11.82 and TRY 14.23 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 1.64%. 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). 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 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 13.20 and TRY 14.07. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 12.79 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 0.260 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASGYO.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Asce Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 13.05, and during the day (based on 14 day Average True Range), to move between TRY 12.61 and TRY 13.39, which gives a possible trading interval of +/-TRY 0.395 (+/-3.04%) 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 6.07% 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 12.79 (1.62%) than the resistance at TRY 14.56 (12.00%), 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 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: -1.229 Sell Candidate Unchanged
Predicted Opening Price for Asce Gayrimenkul Yatirim Ortakligi A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 13.05 ( 0.359%) | TRY 13.00 |
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 | 13.31 | 2.36% |
| R2 | 13.21 | 1.59% |
| R1 | 13.15 | 1.12% |
| Price | 13.00 | |
| S1 | 12.95 | -0.405% |
| S2 | 12.89 | -0.88% |
| S3 | 12.79 | -1.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.35 | 18.08% |
| R2 | 15.00 | 15.38% |
| R1 | 14.56 | 12.00% |
| Price | 13.00 | |
| S1 | 12.79 | -1.62% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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