CarrefourSA Carrefour Sabanci Ticaret 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
CarrefourSA Carrefour Sabanci Ticaret stock price ended at TRY 147.30 on Friday, after losing 2.19%.
(Updated on Apr 26, 2024)
The CarrefourSA Carrefour Sabanci Ticaret stock price fell by -2.19% on the last day (Friday, 26th Apr 2024) from TRY 150.60 to TRY 147.30. During the last trading day the stock fluctuated 3.27% from a day low at TRY 146.60 to a day high of TRY 151.40. The price has fallen in 8 of the last 10 days and is down by -12.63% 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 -166 thousand shares and in total, 466 thousand shares were bought and sold for approximately TRY 68.65 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 146.13 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 22.61% during the next 3 months and, with a 90% probability hold a price between TRY 179.17 and TRY 246.33 at the end of this 3-month period.
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CRFSA.IS Signals & Forecast
There are few to no technical positive signals at the moment. The CarrefourSA Carrefour Sabanci Ticaret 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 148.57 and TRY 158.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -17.85%. 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 CarrefourSA Carrefour Sabanci Ticaret stock
CarrefourSA Carrefour Sabanci Ticaret finds support from accumulated volume at TRY 140.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 4.80 between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 4.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRFSA.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. to open at TRY 148.43, and during the day (based on 14 day Average True Range), to move between TRY 138.86 and TRY 155.74, which gives a possible trading interval of +/-TRY 8.44 (+/-5.73%) up or down from last closing price. If CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. takes out the full calculated possible swing range there will be an estimated 11.45% 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 140.80 (4.41%) than the resistance at TRY 161.70 (9.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. stock A Buy?
The CarrefourSA Carrefour Sabanci Ticaret stock holds several negative signals and despite the positive trend, we believe CarrefourSA Carrefour Sabanci Ticaret will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.387 Sell Candidate Unchanged
Predicted Opening Price for CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 148.43 ( 0.769%) | TRY 147.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRFSA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.23 | 4.03 % | |
| R2 | 151.40 | 2.78 % | ||
| R1 | 150.27 | 2.01 % | ||
| Current price: | 147.30 | |||
| Support | S1 | 146.60 | -0.475 % | |
| S2 | 145.47 | -1.24 % | ||
| S3 | 143.63 | -2.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 179.30 | 21.72 % | |
| R2 | 166.00 | 12.70 % | ||
| R1 | 161.70 | 9.78 % | ||
| Current price | 147.30 | |||
| Support | S1 | 140.80 | -4.41% | |
| S2 | 139.00 | -5.63% | ||
| S3 | 131.60 | -10.66% |
FAQ
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