Baydoner Restoranlari 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
Baydoner Restoranlari A.S. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
The Baydoner Restoranlari A.S. stock price gained 1.44% on the last trading day (Friday, 10th May 2024), rising from TRY 30.50 to TRY 30.94. During the last trading day the stock fluctuated 6.67% from a day low at TRY 29.40 to a day high of TRY 31.36. The price has been going up and down for this period, and there has been a 2.59% gain for the last 2 weeks. Volume fell on the last day by -78 thousand shares and in total, 2 million shares were bought and sold for approximately TRY 52.76 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.
Given the current short-term trend, the stock is expected to fall -18.93% during the next 3 months and, with a 90% probability hold a price between TRY 19.27 and TRY 25.08 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BYDNR.IS Signals & Forecast
The Baydoner Restoranlari A.S. 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 29.87 and TRY 28.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 16.40%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Baydoner Restoranlari A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 29.34 and TRY 29.00. 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, Baydoner Restoranlari A.S. finds support just below today's level at TRY 29.34. If this is broken, then the next support from accumulated volume will be at TRY 29.00 and TRY 28.98.
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 1.96 (6.67%) between high and low. For the last week, the stock has had daily average volatility of 6.63%.
Our recommended stop-loss: TRY 29.61 (-4.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (BYDNR.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Baydoner Restoranlari A.S. to open at TRY 30.57, and during the day (based on 14 day Average True Range), to move between TRY 29.37 and TRY 32.51, which gives a possible trading interval of +/-TRY 1.57 (+/-5.09%) up or down from last closing price. If Baydoner Restoranlari A.S. takes out the full calculated possible swing range there will be an estimated 10.17% 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 29.34 (5.17%) than the resistance at TRY 34.46 (11.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Baydoner Restoranlari A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.885 Buy Candidate Upgraded
Predicted Opening Price for Baydoner Restoranlari A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 30.57 ( 1.21%) | TRY 30.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BYDNR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.53 | 5.13 % | |
| R2 | 31.78 | 2.71 % | ||
| R1 | 31.32 | 1.21 % | ||
| Current price: | 30.94 | |||
| Support | S1 | 29.82 | -3.63 % | |
| S2 | 29.36 | -5.12 % | ||
| S3 | 28.61 | -7.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.86 | 15.90 % | |
| R2 | 34.96 | 12.99 % | ||
| R1 | 34.46 | 11.38 % | ||
| Current price | 30.94 | |||
| Support | S1 | 29.34 | -5.17% | |
| S2 | 29.00 | -6.27% | ||
| S3 | 28.98 | -6.33% |
FAQ
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