Batisöke Söke Çimento Sanayii T.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
Green day on Friday for Batisöke Söke Çimento Sanayii T.A.S.
(Updated on May 10, 2024)
The Batisöke Söke Çimento Sanayii T.A.S. stock price gained 1.26% on the last trading day (Friday, 10th May 2024), rising from TRY 22.30 to TRY 22.58. During the last trading day the stock fluctuated 4.32% from a day low at TRY 21.76 to a day high of TRY 22.70. The price has risen in 6 of the last 10 days but is still down by -5.92% for this period. Volume fell on the last day by -891 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 24.57 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 part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 22.49 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 59.56% during the next 3 months and, with a 90% probability hold a price between TRY 35.88 and TRY 47.90 at the end of this 3-month period.
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BSOKE.IS Signals & Forecast
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 Batisöke Söke Çimento Sanayii T.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 23.08 and TRY 23.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -16.31%. 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).
Support, Risk & Stop-loss for Batisöke Söke Çimento Sanayii T.A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 20.96 and TRY 20.54. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Batisöke Söke Çimento Sanayii T.A.S. finds support just below today's level at TRY 20.96. If this is broken, then the next support from accumulated volume will be at TRY 20.54 and TRY 20.42.
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 0.94 between high and low, or 4.32%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BSOKE.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Batisöke Söke Çimento Sanayii T.A.S. to open at TRY 22.35, and during the day (based on 14 day Average True Range), to move between TRY 21.30 and TRY 23.86, which gives a possible trading interval of +/-TRY 1.28 (+/-5.65%) up or down from last closing price. If Batisöke Söke Çimento Sanayii T.A.S. takes out the full calculated possible swing range there will be an estimated 11.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 23.20 (2.75%) than the support at TRY 20.96 (7.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Batisöke Söke Çimento Sanayii T.A.S. stock A Buy?
The Batisöke Söke Çimento Sanayii T.A.S. stock holds several negative signals and despite the positive trend, we believe Batisöke Söke Çimento Sanayii T.A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.192 Sell Candidate Unchanged
Predicted Opening Price for Batisöke Söke Çimento Sanayii T.A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 22.35 ( 1.03%) | TRY 22.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSOKE.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.29 | 3.13 % | |
| R2 | 22.93 | 1.54 % | ||
| R1 | 22.71 | 0.557 % | ||
| Current price: | 22.58 | |||
| Support | S1 | 21.99 | -2.62 % | |
| S2 | 21.77 | -3.61 % | ||
| S3 | 21.41 | -5.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.60 | 17.80 % | |
| R2 | 24.60 | 8.95 % | ||
| R1 | 23.20 | 2.75 % | ||
| Current price | 22.58 | |||
| Support | S1 | 20.96 | -7.17% | |
| S2 | 20.54 | -9.03% | ||
| S3 | 20.42 | -9.57% |
FAQ
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