Çelebi Hava Servisi 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 Tuesday for Çelebi Hava Servisi A.S. stock after gaining 1.71%
(Updated on Jul 02, 2024)
The Çelebi Hava Servisi A.S. stock price gained 1.71% on the last trading day (Tuesday, 2nd Jul 2024), rising from TRY 2,399.00 to TRY 2,440.00. During the last trading day the stock fluctuated 4.47% from a day low at TRY 2,350.00 to a day high of TRY 2,455.00. The price has risen in 6 of the last 10 days and is up by 10.31% over the past 2 weeks. Volume fell on the last day by -46 thousand shares and in total, 88 thousand shares were bought and sold for approximately TRY 215.27 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 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 41.86% during the next 3 months and, with a 90% probability hold a price between TRY 3,129.80 and TRY 3,718.86 at the end of this 3-month period.
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CLEBI.IS Signals & Forecast
The Çelebi Hava Servisi A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 2,494.43. On a fall, the stock will find some support from the long-term average at approximately TRY 2,186.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -5.43%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Çelebi Hava Servisi A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 2,230.00 and TRY 2,208.00. 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, Çelebi Hava Servisi A.S. finds support just below today's level at TRY 2,230.00. If this is broken, then the next support from accumulated volume will be at TRY 2,208.00 and TRY 2,108.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 105.00 between high and low, or 4.47%. For the last week, the stock has had daily average volatility of 5.55%.
Our recommended stop-loss: TRY 2,315.07 (-5.12%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (CLEBI.IS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Çelebi Hava Servisi A.S. to open at TRY 2,415.00, and during the day (based on 14 day Average True Range), to move between TRY 2,304.12 and TRY 2,575.88, which gives a possible trading interval of +/-TRY 135.88 (+/-5.57%) up or down from last closing price. If Çelebi Hava Servisi A.S. takes out the full calculated possible swing range there will be an estimated 11.14% 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 2,510.00 (2.87%) than the support at TRY 2,230.00 (8.61%), 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 Çelebi Hava Servisi A.S. stock A Buy?
Çelebi Hava Servisi A.S. 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: 0.375 Hold/Accumulate Unchanged
Predicted Opening Price for Çelebi Hava Servisi A.S. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| TRY 2,415.00 ( 1.02%) | TRY 2,440.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLEBI.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,520.00 | 3.28% |
| R2 | 2,479.89 | 1.63% |
| R1 | 2,455.11 | 0.619% |
| Price | 2,440.00 | |
| S1 | 2,374.89 | -2.67% |
| S2 | 2,350.11 | -3.68% |
| S3 | 2,310.00 | -5.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,580.00 | 5.74% |
| R2 | 2,515.00 | 3.07% |
| R1 | 2,510.00 | 2.87% |
| Price | 2,440.00 | |
| S1 | 2,230.00 | -8.61% |
| S2 | 2,208.00 | -9.51% |
| S3 | 2,108.00 | -13.61% |
CLEBI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 26, 2024 | TRY 63.00 | 3.68% |
| 2 | Apr 17, 2023 | Apr 17, 2023 | Apr 17, 2023 | TRY 42.40 | 8.28% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | TRY 6.75 | 2.65% |
| 4 | Jan 04, 2021 | Jan 04, 2021 | Jan 04, 2021 | TRY 2.38 | 1.41% |
| 5 | Oct 30, 2020 | Oct 30, 2020 | Oct 30, 2020 | TRY 2.18 | 3.13% |
FAQ
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