Batiçim Bati Anadolu Çimento Sanayii 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 Batiçim Bati Anadolu Çimento Sanayii
(Updated on May 03, 2024)
The Batiçim Bati Anadolu Çimento Sanayii stock price gained 1.25% on the last trading day (Friday, 3rd May 2024), rising from TRY 135.80 to TRY 137.50. During the last trading day the stock fluctuated 2.58% from a day low at TRY 135.50 to a day high of TRY 139.00. The price has fallen in 6 of the last 10 days but is still up by 1.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 766 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately TRY 266.23 million.
The stock lies in the middle of a 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 23.34% during the next 3 months and, with a 90% probability hold a price between TRY 155.32 and TRY 173.42 at the end of this 3-month period.
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BTCIM.IS Signals & Forecast
The Batiçim Bati Anadolu Çimento Sanayii stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 136.41 and TRY 127.89. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -0.94%. 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 Batiçim Bati Anadolu Çimento Sanayii stock
Batiçim Bati Anadolu Çimento Sanayii finds support from accumulated volume at TRY 134.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 3.50 (2.58%) between high and low. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: TRY 131.95 (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (BTCIM.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi to open at TRY 137.33, and during the day (based on 14 day Average True Range), to move between TRY 132.76 and TRY 142.24, which gives a possible trading interval of +/-TRY 4.74 (+/-3.45%) up or down from last closing price. If Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 6.90% 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 138.80 (0.95%) than the support at TRY 134.10 (2.47%), 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 Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Batiçim Bati Anadolu Çimento Sanayii stock to perform well in the short-term.
Current score: 3.894 Buy Candidate Unchanged
Predicted Opening Price for Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 137.33 ( 0.121%) | TRY 137.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTCIM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.83 | 2.42 % | |
| R2 | 139.50 | 1.45 % | ||
| R1 | 138.67 | 0.85 % | ||
| Current price: | 137.50 | |||
| Support | S1 | 136.00 | -1.09 % | |
| S2 | 135.17 | -1.69 % | ||
| S3 | 133.83 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 138.80 | 0.95 % | ||
| Current price | 137.50 | |||
| Support | S1 | 134.10 | -2.47% | |
| S2 | 125.00 | -9.09% | ||
| S3 | 116.00 | -15.64% |
FAQ
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