1000 YATIRIMLAR HOL. 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 Wednesday for 1000 YATIRIMLAR HOL. stock after losing 4.68%
(Updated on Jun 26, 2024)
The 1000 YATIRIMLAR HOL. stock price fell by -4.68% on the last day (Wednesday, 26th Jun 2024) from TRY 395.50 to TRY 377.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.97% from a day low at TRY 377.00 to a day high of TRY 395.75. The price has fallen in 6 of the last 10 days and is down by -5.75% for this period. Volume has increased on the last day by 20 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, 478 thousand shares were bought and sold for approximately TRY 180.33 million.
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 357.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.40% during the next 3 months and, with a 90% probability hold a price between TRY 288.40 and TRY 386.22 at the end of this 3-month period.
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BINHO.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 1.34%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The 1000 YATIRIMLAR HOL. 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 396.36 and TRY 445.45. A break-up above any of these levels will issue buy signals. 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 1000 YATIRIMLAR HOL. stock
1000 YATIRIMLAR HOL. finds support from accumulated volume at TRY 376.75 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 18.75 between high and low, or 4.97%. For the last week, the stock has had daily average volatility of 4.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BINHO.IS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect 1000 YATIRIMLAR HOL. to open at TRY 383.25, and during the day (based on 14 day Average True Range), to move between TRY 356.37 and TRY 397.63, which gives a possible trading interval of +/-TRY 20.63 (+/-5.47%) up or down from last closing price. If 1000 YATIRIMLAR HOL. takes out the full calculated possible swing range there will be an estimated 10.94% 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 376.75 (0.07%) than the resistance at TRY 419.75 (11.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 1000 YATIRIMLAR HOL. stock A Buy?
1000 YATIRIMLAR HOL. holds several negative signals and is within a very 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: -3.199 Sell Candidate Unchanged
Predicted Opening Price for 1000 YATIRIMLAR HOL. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| TRY 383.25 ( 1.66%) | TRY 377.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BINHO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 402.00 | 6.63% |
| R2 | 394.84 | 4.73% |
| R1 | 390.41 | 3.56% |
| Price | 377.00 | |
| S1 | 376.09 | -0.242% |
| S2 | 371.66 | -1.42% |
| S3 | 364.50 | -3.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 468.75 | 24.34% |
| R2 | 452.50 | 20.03% |
| R1 | 419.75 | 11.34% |
| Price | 377.00 | |
| S1 | 376.75 | -0.0663% |
| S2 | 372.00 | -1.33% |
| S3 | 0 | - |
FAQ
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