Despec Bilgisayar Pazarlama ve 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
A very red day for Despec Bilgisayar Pazarlama ve Ticaret stock price after a -9.40% fall in the Friday trading session
(Updated on May 10, 2024)
The Despec Bilgisayar Pazarlama ve Ticaret stock price fell by -9.40% on the last day (Friday, 10th May 2024) from TRY 50.00 to TRY 45.30. During the last trading day the stock fluctuated 5.84% from a day low at TRY 45.22 to a day high of TRY 47.86. The price has fallen in 6 of the last 10 days and is down by -13.55% for this period. Volume has increased on the last day by 775 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately TRY 57.18 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 43.50 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 5.98% during the next 3 months and, with a 90% probability hold a price between TRY 46.10 and TRY 76.47 at the end of this 3-month period.
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DESPC.IS Signals & Forecast
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 Despec Bilgisayar Pazarlama ve 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 50.29 and TRY 54.11. 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 25, 2024, and so far it has fallen -35.42%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Despec Bilgisayar Pazarlama ve Ticaret stock
Despec Bilgisayar Pazarlama ve Ticaret finds support from accumulated volume at TRY 45.16 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 2.64 between high and low, or 5.84%. For the last week, the stock has had daily average volatility of 5.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DESPC.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Despec Bilgisayar Pazarlama ve Ticaret Anonim Sirketi to open at TRY 46.13, and during the day (based on 14 day Average True Range), to move between TRY 41.41 and TRY 49.19, which gives a possible trading interval of +/-TRY 3.89 (+/-8.58%) up or down from last closing price. If Despec Bilgisayar Pazarlama ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 17.17% 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 45.16 (0.31%) than the resistance at TRY 51.70 (14.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Despec Bilgisayar Pazarlama ve Ticaret Anonim Sirketi stock A Buy?
The Despec Bilgisayar Pazarlama ve Ticaret stock holds several negative signals and despite the positive trend, we believe Despec Bilgisayar Pazarlama ve Ticaret will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.289 Sell Candidate Unchanged
Predicted Opening Price for Despec Bilgisayar Pazarlama ve Ticaret Anonim Sirketi of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 46.13 ( 1.82%) | TRY 45.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DESPC.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.77 | 7.65 % | |
| R2 | 47.76 | 5.43 % | ||
| R1 | 47.14 | 4.05 % | ||
| Current price: | 45.30 | |||
| Support | S1 | 45.12 | -0.401 % | |
| S2 | 44.50 | -1.78 % | ||
| S3 | 43.49 | -4.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.05 | 21.52 % | |
| R2 | 54.00 | 19.21 % | ||
| R1 | 51.70 | 14.13 % | ||
| Current price | 45.30 | |||
| Support | S1 | 45.16 | -0.309% | |
| S2 | 44.66 | -1.41% | ||
| S3 | 43.50 | -3.97% |
FAQ
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