Cuhadaroglu Metal Sanayi ve Pazarlama 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
Cuhadaroglu Metal Sanayi ve Pazarlama stock price ended at TRY 24.60 on Tuesday, after losing 1.91%.
(Updated on Apr 30, 2024)
The Cuhadaroglu Metal Sanayi ve Pazarlama stock price fell by -1.91% on the last day (Tuesday, 30th Apr 2024) from TRY 25.08 to TRY 24.60. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.12% from a day low at TRY 24.36 to a day high of TRY 25.12. The price has fallen in 7 of the last 10 days and is down by -6.25% 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 -125 thousand shares and in total, 677 thousand shares were bought and sold for approximately TRY 16.66 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 24.24 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 3.76% during the next 3 months and, with a 90% probability hold a price between TRY 25.15 and TRY 32.96 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CUSAN.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 3.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cuhadaroglu Metal Sanayi ve Pazarlama stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 25.51 and TRY 25.42. A break-up above any of these levels will issue buy signals. 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 Cuhadaroglu Metal Sanayi ve Pazarlama stock
Cuhadaroglu Metal Sanayi ve Pazarlama finds support from accumulated volume at TRY 24.48 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 0.760 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 4.26%.
Our recommended stop-loss: TRY 23.27 (-5.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (CUSAN.IS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Cuhadaroglu Metal Sanayi ve Pazarlama A.S. to open at TRY 24.69, and during the day (based on 14 day Average True Range), to move between TRY 23.32 and TRY 25.88, which gives a possible trading interval of +/-TRY 1.28 (+/-5.22%) up or down from last closing price. If Cuhadaroglu Metal Sanayi ve Pazarlama A.S. takes out the full calculated possible swing range there will be an estimated 10.44% 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 24.48 (0.49%) than the resistance at TRY 25.60 (4.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cuhadaroglu Metal Sanayi ve Pazarlama A.S. 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 Cuhadaroglu Metal Sanayi ve Pazarlama stock to perform well in the short-term.
Current score: 1.409 Buy Candidate Unchanged
Predicted Opening Price for Cuhadaroglu Metal Sanayi ve Pazarlama A.S. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| TRY 24.69 ( 0.379%) | TRY 24.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CUSAN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.45 | 3.47 % | |
| R2 | 25.16 | 2.29 % | ||
| R1 | 24.98 | 1.56 % | ||
| Current price: | 24.60 | |||
| Support | S1 | 24.40 | -0.80 % | |
| S2 | 24.22 | -1.53 % | ||
| S3 | 23.93 | -2.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.20 | 22.76 % | |
| R2 | 26.90 | 9.35 % | ||
| R1 | 25.60 | 4.07 % | ||
| Current price | 24.60 | |||
| Support | S1 | 24.48 | -0.488% | |
| S2 | 24.08 | -2.11% | ||
| S3 | 22.28 | -9.43% |
FAQ
Click here for our free guide on how to buy Cuhadaroglu Metal Sanayi ve Pazarlama A.S. Stock.
