Astor Enerji 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
Red day on Friday for Astor Enerji A.S. stock after losing 0.152%
(Updated on May 31, 2024)
The Astor Enerji A.S. stock price fell by -0.152% on the last day (Friday, 31st May 2024) from TRY 98.95 to TRY 98.80. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 4.73% from a day low at TRY 97.20 to a day high of TRY 101.80. The price has fallen in 8 of the last 10 days and is down by -5.9% for this period. Volume has increased on the last day by 124 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, 13 million shares were bought and sold for approximately TRY 1.28 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Astor Enerji A.S. stock with a 90% probability to be traded between TRY 87.26 and TRY 108.03 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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ASTOR.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Astor Enerji A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 102.96 and TRY 101.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -10.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Astor Enerji A.S. stock
Astor Enerji A.S. finds support from accumulated volume at TRY 97.35 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 4.60 between high and low, or 4.73%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASTOR.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Astor Enerji A.S. to open at TRY 99.27, and during the day (based on 14 day Average True Range), to move between TRY 94.87 and TRY 102.73, which gives a possible trading interval of +/-TRY 3.93 (+/-3.97%) up or down from last closing price. If Astor Enerji A.S. takes out the full calculated possible swing range there will be an estimated 7.95% 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 97.35 (1.47%) than the resistance at TRY 100.30 (1.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Astor Enerji A.S. stock A Buy?
Astor Enerji 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: -3.683 Sell Candidate Unchanged
Predicted Opening Price for Astor Enerji A.S. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 99.27 ( 0.472%) | TRY 98.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASTOR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 103.87 | 5.13 % | |
| R2 | 102.11 | 3.35 % | ||
| R1 | 101.02 | 2.25 % | ||
| Current price: | 98.80 | |||
| Support | S1 | 97.51 | -1.31 % | |
| S2 | 96.42 | -2.40 % | ||
| S3 | 94.67 | -4.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 105.20 | 6.48 % | |
| R2 | 104.10 | 5.36 % | ||
| R1 | 100.30 | 1.52 % | ||
| Current price | 98.80 | |||
| Support | S1 | 97.35 | -1.47% | |
| S2 | 96.95 | -1.87% | ||
| S3 | 96.20 | -2.63% |
FAQ
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