Barem Ambalaj Sanayi ve Ticaret Anonim 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
Barem Ambalaj Sanayi ve Ticaret Anonim stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
The Barem Ambalaj Sanayi ve Ticaret Anonim stock price gained 0.671% on the last trading day (Friday, 14th Jun 2024), rising from TRY 17.89 to TRY 18.01. During the last trading day the stock fluctuated 1.91% from a day low at TRY 17.81 to a day high of TRY 18.15. The price has fallen in 6 of the last 10 days and is down by -2.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 700 thousand shares were bought and sold for approximately TRY 12.60 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at TRY 17.64 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Barem Ambalaj Sanayi ve Ticaret Anonim stock with a 90% probability to be traded between TRY 17.55 and TRY 22.76 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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BARMA.IS Signals & Forecast
There are mixed signals in the stock today. The Barem Ambalaj Sanayi ve Ticaret Anonim 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 18.11 and TRY 19.44. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 2.10%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Barem Ambalaj Sanayi ve Ticaret Anonim stock
Barem Ambalaj Sanayi ve Ticaret Anonim finds support from accumulated volume at TRY 17.83 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 0.340 between high and low, or 1.91%. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: TRY 16.94 (-5.97%) (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 (BARMA.IS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi to open at TRY 17.99, and during the day (based on 14 day Average True Range), to move between TRY 17.19 and TRY 18.83, which gives a possible trading interval of +/-TRY 0.82 (+/-4.53%) up or down from last closing price. If Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 9.06% 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 17.83 (1.00%) than the resistance at TRY 18.48 (2.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi stock A Buy?
Barem Ambalaj Sanayi ve Ticaret Anonim 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.358 Hold/Accumulate Downgraded
Predicted Opening Price for Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| TRY 17.99 ( 0.111%) | TRY 18.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BARMA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.33 | 1.78% |
| R2 | 18.20 | 1.06% |
| R1 | 18.12 | 0.610% |
| Price | 18.01 | |
| S1 | 17.86 | -0.83% |
| S2 | 17.78 | -1.28% |
| S3 | 17.65 | -2.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.64 | 14.60% |
| R2 | 20.02 | 11.16% |
| R1 | 18.48 | 2.61% |
| Price | 18.01 | |
| S1 | 17.83 | -1.00% |
| S2 | 17.64 | -2.05% |
| S3 | 17.58 | -2.39% |
FAQ
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