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 price ended at TRY 18.55 on Friday, after gaining 0.379%.
(Updated on Jun 21, 2024)
The Barem Ambalaj Sanayi ve Ticaret Anonim stock price gained 0.379% on the last trading day (Friday, 21st Jun 2024), rising from TRY 18.48 to TRY 18.55. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.80% from a day low at TRY 18.37 to a day high of TRY 18.70. The price has been going up and down for this period, and there has been a -0.8% loss for the last 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 768 thousand shares were bought and sold for approximately TRY 14.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very 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 17.59 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.15% during the next 3 months and, with a 90% probability hold a price between TRY 17.03 and TRY 21.85 at the end of this 3-month period.
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BARMA.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 5.16%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Barem Ambalaj Sanayi ve Ticaret Anonim stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 19.34. On a fall, the stock will find some support from the short-term average at TRY 18.04. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general 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 18.49 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 0.330 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: TRY 17.70 (-4.59%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (BARMA.IS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi to open at TRY 18.54, and during the day (based on 14 day Average True Range), to move between TRY 17.78 and TRY 19.32, which gives a possible trading interval of +/-TRY 0.774 (+/-4.17%) 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 8.34% 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 18.49 (0.32%) than the resistance at TRY 20.00 (7.82%), 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.
Current score: 0.586 Hold/Accumulate Unchanged
Predicted Opening Price for Barem Ambalaj Sanayi ve Ticaret Anonim Sirketi of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| TRY 18.54 ( 0.0539%) | TRY 18.55 |
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 | 18.87 | 1.73% |
| R2 | 18.74 | 1.05% |
| R1 | 18.67 | 0.626% |
| Price | 18.55 | |
| S1 | 18.41 | -0.733% |
| S2 | 18.34 | -1.15% |
| S3 | 18.21 | -1.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.64 | 11.27% |
| R2 | 20.02 | 7.92% |
| R1 | 20.00 | 7.82% |
| Price | 18.55 | |
| S1 | 18.49 | -0.323% |
| S2 | 18.48 | -0.377% |
| S3 | 18.30 | -1.35% |
FAQ
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