Altin Yunus Çesme Turistik Tesisler 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
Altin Yunus Çesme Turistik Tesisler stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Altin Yunus Çesme Turistik Tesisler stock price fell by -1.97% on the last day (Wednesday, 26th Jun 2024) from TRY 686.00 to TRY 672.50. During the last trading day the stock fluctuated 6.04% from a day low at TRY 670.00 to a day high of TRY 710.50. The price has fallen in 6 of the last 10 days and is down by -4.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -23 thousand shares and in total, 107 thousand shares were bought and sold for approximately TRY 72.08 million.
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 -9.83% during the next 3 months and, with a 90% probability hold a price between TRY 508.27 and TRY 703.00 at the end of this 3-month period.
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AYCES.IS Signals & Forecast
The Altin Yunus Çesme Turistik Tesisler stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 673.79. On a fall, the stock will find some support from the long-term average at approximately TRY 664.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -6.14%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Altin Yunus Çesme Turistik Tesisler stock
Altin Yunus Çesme Turistik Tesisler finds support from accumulated volume at TRY 660.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 40.50 between high and low, or 6.04%. For the last week, the stock has had daily average volatility of 8.15%.
Our recommended stop-loss: TRY 633.23 (-5.84%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (AYCES.IS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Altin Yunus Çesme Turistik Tesisler A.S. to open at TRY 684.33, and during the day (based on 14 day Average True Range), to move between TRY 621.87 and TRY 723.13, which gives a possible trading interval of +/-TRY 50.63 (+/-7.53%) up or down from last closing price. If Altin Yunus Çesme Turistik Tesisler A.S. takes out the full calculated possible swing range there will be an estimated 15.06% 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 660.50 (1.78%) than the resistance at TRY 726.50 (8.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Altin Yunus Çesme Turistik Tesisler A.S. stock A Buy?
Altin Yunus Çesme Turistik Tesisler 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: -0.169 Hold/Accumulate Upgraded
Predicted Opening Price for Altin Yunus Çesme Turistik Tesisler A.S. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| TRY 684.33 ( 1.76%) | TRY 672.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AYCES.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 724.83 | 7.78% |
| R2 | 709.36 | 5.48% |
| R1 | 699.80 | 4.06% |
| Price | 672.50 | |
| S1 | 668.86 | -0.541% |
| S2 | 659.30 | -1.96% |
| S3 | 643.83 | -4.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 771.50 | 14.72% |
| R2 | 756.50 | 12.49% |
| R1 | 726.50 | 8.03% |
| Price | 672.50 | |
| S1 | 660.50 | -1.78% |
| S2 | 655.00 | -2.60% |
| S3 | 649.00 | -3.49% |
FAQ
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