Creditwest Faktoring Anonim Sirketi 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 Friday for Creditwest Faktoring Anonim Sirketi stock after losing 0.733%
(Updated on May 17, 2024)
The Creditwest Faktoring Anonim Sirketi stock price fell by -0.733% on the last day (Friday, 17th May 2024) from TRY 8.19 to TRY 8.13. During the last trading day the stock fluctuated 2.11% from a day low at TRY 8.06 to a day high of TRY 8.23. The price has fallen in 7 of the last 10 days and is down by -9.36% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 6 million shares were bought and sold for approximately TRY 50.19 million.
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 7.30 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 11.19% during the next 3 months and, with a 90% probability hold a price between TRY 8.12 and TRY 14.16 at the end of this 3-month period.
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CRDFA.IS Signals & Forecast
There are mixed signals in the stock today. The Creditwest Faktoring Anonim Sirketi stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 8.63. On a fall, the stock will find some support from the short-term average at TRY 8.03. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -34.49%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Creditwest Faktoring Anonim Sirketi stock
Creditwest Faktoring Anonim Sirketi finds support from accumulated volume at TRY 8.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 0.170 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 4.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRDFA.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Creditwest Faktoring Anonim Sirketi to open at TRY 8.14, and during the day (based on 14 day Average True Range), to move between TRY 7.46 and TRY 8.80, which gives a possible trading interval of +/-TRY 0.674 (+/-8.29%) up or down from last closing price. If Creditwest Faktoring Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 16.58% 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 8.04 (1.11%) than the resistance at TRY 8.27 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Creditwest Faktoring Anonim Sirketi stock A Buy?
Creditwest Faktoring Anonim Sirketi holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.344 Sell Candidate Unchanged
Predicted Opening Price for Creditwest Faktoring Anonim Sirketi of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 8.14 ( 0.123%) | TRY 8.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRDFA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.31 | 2.21 % | |
| R2 | 8.25 | 1.42 % | ||
| R1 | 8.20 | 0.92 % | ||
| Current price: | 8.13 | |||
| Support | S1 | 8.08 | -0.676 % | |
| S2 | 8.03 | -1.17 % | ||
| S3 | 7.97 | -1.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.87 | 21.40 % | |
| R2 | 8.97 | 10.33 % | ||
| R1 | 8.27 | 1.72 % | ||
| Current price | 8.13 | |||
| Support | S1 | 8.04 | -1.11% | |
| S2 | 7.93 | -2.46% | ||
| S3 | 7.63 | -6.15% |
FAQ
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