Dogus Gayrimenkul Yatirim Ortakligi 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
Red day on Monday for Dogus Gayrimenkul Yatirim Ortakligi A.S.
(Updated on May 20, 2024)
The Dogus Gayrimenkul Yatirim Ortakligi A.S. stock price fell by -1.48% on the last day (Monday, 20th May 2024) from TRY 39.10 to TRY 38.52. During the last trading day the stock fluctuated 4.18% from a day low at TRY 38.30 to a day high of TRY 39.90. The price has been going up and down for this period, and there has been a 9% gain for the last 2 weeks. 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 -114 thousand shares and in total, 580 thousand shares were bought and sold for approximately TRY 22.35 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Dogus Gayrimenkul Yatirim Ortakligi A.S. stock with a 90% probability to be traded between TRY 31.56 and TRY 41.66 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DGGYO.IS Signals & Forecast
The Dogus Gayrimenkul Yatirim Ortakligi A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 38.23 and TRY 34.78. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -3.80%. Further fall is indicated until a new bottom pivot has been found. 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 Dogus Gayrimenkul Yatirim Ortakligi A.S. stock
Dogus Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 38.10 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 1.60 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 6.23%.
Our recommended stop-loss: TRY 36.90 (-4.21%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (DGGYO.IS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Dogus Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 38.91, and during the day (based on 14 day Average True Range), to move between TRY 36.51 and TRY 40.53, which gives a possible trading interval of +/-TRY 2.01 (+/-5.21%) up or down from last closing price. If Dogus Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 10.43% 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 38.10 (1.09%) than the resistance at TRY 39.10 (1.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dogus Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Dogus Gayrimenkul Yatirim Ortakligi A.S. stock to perform well in the short-term period.
Current score: 2.386 Buy Candidate Unchanged
Predicted Opening Price for Dogus Gayrimenkul Yatirim Ortakligi A.S. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| TRY 38.91 ( 1.00%) | TRY 38.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DGGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.51 | 5.16 % | |
| R2 | 39.90 | 3.57 % | ||
| R1 | 39.52 | 2.59 % | ||
| Current price: | 38.52 | |||
| Support | S1 | 38.30 | -0.583 % | |
| S2 | 37.92 | -1.56 % | ||
| S3 | 37.31 | -3.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.90 | 8.77 % | |
| R2 | 40.30 | 4.62 % | ||
| R1 | 39.10 | 1.51 % | ||
| Current price | 38.52 | |||
| Support | S1 | 38.10 | -1.09% | |
| S2 | 37.22 | -3.37% | ||
| S3 | 34.40 | -10.70% |
FAQ
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