Dogus Otomotiv Servis ve Ticaret 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
Weaker technical forecast for Dogus Otomotiv Servis ve Ticaret A.S. as stock downgraded to Sell Candidate.
(Updated on Jun 26, 2024)
The Dogus Otomotiv Servis ve Ticaret A.S. stock price fell by -3.76% on the last day (Wednesday, 26th Jun 2024) from TRY 279.50 to TRY 269.00. During the last trading day the stock fluctuated 4.37% from a day low at TRY 268.75 to a day high of TRY 280.50. The price has risen in 6 of the last 10 days and is up by 0.19% over the past 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 -1 million shares and in total, 2 million shares were bought and sold for approximately TRY 560.07 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 251.31 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.41% during the next 3 months and, with a 90% probability hold a price between TRY 207.56 and TRY 283.05 at the end of this 3-month period.
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DOAS.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.41%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dogus Otomotiv Servis ve Ticaret A.S. 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 276.04 and TRY 288.00. A break-up above any of these levels will issue buy signals. 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 Dogus Otomotiv Servis ve Ticaret A.S. stock
Dogus Otomotiv Servis ve Ticaret A.S. finds support from accumulated volume at TRY 268.50 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 11.75 between high and low, or 4.37%. For the last week, the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DOAS.IS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Dogus Otomotiv Servis ve Ticaret A.S. to open at TRY 272.75, and during the day (based on 14 day Average True Range), to move between TRY 259.41 and TRY 278.59, which gives a possible trading interval of +/-TRY 9.59 (+/-3.56%) up or down from last closing price. If Dogus Otomotiv Servis ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 7.13% 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 268.50 (0.19%) than the resistance at TRY 283.75 (5.48%), 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 Otomotiv Servis ve Ticaret A.S. stock A Buy?
Dogus Otomotiv Servis ve Ticaret A.S. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.095 Sell Candidate Downgraded
Predicted Opening Price for Dogus Otomotiv Servis ve Ticaret A.S. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| TRY 272.75 ( 1.39%) | TRY 269.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOAS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 284.50 | 5.76% |
| R2 | 280.01 | 4.09% |
| R1 | 277.24 | 3.06% |
| Price | 269.00 | |
| S1 | 268.26 | -0.275% |
| S2 | 265.49 | -1.31% |
| S3 | 261.00 | -2.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 307.50 | 14.31% |
| R2 | 292.50 | 8.74% |
| R1 | 283.75 | 5.48% |
| Price | 269.00 | |
| S1 | 268.50 | -0.186% |
| S2 | 267.75 | -0.465% |
| S3 | 265.25 | -1.39% |
DOAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 24, 2024 | TRY 40.91 | 13.30% |
| 2 | Nov 24, 2023 | Nov 24, 2023 | Nov 24, 2023 | TRY 5.68 | 2.22% |
| 3 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | TRY 11.36 | 3.99% |
| 4 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | TRY 9.09 | 7.36% |
| 5 | Nov 14, 2022 | Nov 14, 2022 | Nov 14, 2022 | TRY 4.09 | 2.63% |
FAQ
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