Ayen 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
Ayen Enerji A.S. stock price down 1.56% on Tuesday
(Updated on Jun 25, 2024)
The Ayen Enerji A.S. stock price fell by -1.56% on the last day (Tuesday, 25th Jun 2024) from TRY 32.00 to TRY 31.50. During the last trading day the stock fluctuated 2.35% from a day low at TRY 31.46 to a day high of TRY 32.20. The price has fallen in 5 of the last 10 days but is still up by 5.92% over the past 2 weeks. 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 -397 thousand shares and in total, 885 thousand shares were bought and sold for approximately TRY 27.88 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.05% during the next 3 months and, with a 90% probability hold a price between TRY 33.59 and TRY 43.02 at the end of this 3-month period.
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AYEN.IS Signals & Forecast
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 Ayen Enerji 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 31.55 and TRY 32.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -11.86%. Further fall is indicated until a new bottom pivot has been found. 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 Ayen Enerji A.S. stock
Ayen Enerji A.S. finds support from accumulated volume at TRY 31.16 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 0.740 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AYEN.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ayen Enerji A.S. to open at TRY 31.72, and during the day (based on 14 day Average True Range), to move between TRY 30.11 and TRY 32.89, which gives a possible trading interval of +/-TRY 1.39 (+/-4.43%) up or down from last closing price. If Ayen Enerji A.S. takes out the full calculated possible swing range there will be an estimated 8.85% 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 31.16 (1.08%) than the resistance at TRY 31.94 (1.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ayen Enerji A.S. stock A Buy?
The Ayen Enerji A.S. stock holds several negative signals and despite the positive trend, we believe Ayen Enerji A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.169 Sell Candidate Unchanged
Predicted Opening Price for Ayen Enerji A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 31.72 ( 0.698%) | TRY 31.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AYEN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.46 | 3.05% |
| R2 | 32.18 | 2.15% |
| R1 | 32.00 | 1.60% |
| Price | 31.50 | |
| S1 | 31.44 | -0.199% |
| S2 | 31.26 | -0.753% |
| S3 | 30.98 | -1.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.50 | 12.70% |
| R2 | 32.80 | 4.13% |
| R1 | 31.94 | 1.40% |
| Price | 31.50 | |
| S1 | 31.16 | -1.08% |
| S2 | 31.10 | -1.27% |
| S3 | 30.36 | -3.62% |
AYEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jul 01, 2024 | TRY 0.614 | 1.94% |
| 2 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | TRY 0.98 | 4.07% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | TRY 0.113 | 0.670% |
| 4 | Jun 27, 2012 | Jun 27, 2012 | Jun 27, 2012 | TRY 0.157 | 12.76% |
| 5 | May 27, 2010 | May 27, 2010 | May 27, 2010 | TRY 0.151 | 10.56% |
FAQ
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