Duran Dogan Basim ve Ambalaj Sanayi 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
Evaluation of Duran Dogan Basim ve Ambalaj Sanayi A.S. stock downgraded after the last trading session.
(Updated on May 08, 2024)
The Duran Dogan Basim ve Ambalaj Sanayi A.S. stock price gained 2.70% on the last trading day (Wednesday, 8th May 2024), rising from TRY 17.38 to TRY 17.85. During the last trading day the stock fluctuated 3.70% from a day low at TRY 17.28 to a day high of TRY 17.92. The price has risen in 5 of the last 10 days and is up by 7.72% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 586 thousand shares were bought and sold for approximately TRY 10.46 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -16.12% during the next 3 months and, with a 90% probability hold a price between TRY 11.57 and TRY 14.97 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DURDO.IS Signals & Forecast
The Duran Dogan Basim ve Ambalaj Sanayi 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 16.98 and TRY 16.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 19.16%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Duran Dogan Basim ve Ambalaj Sanayi A.S. stock
Duran Dogan Basim ve Ambalaj Sanayi A.S. finds support from accumulated volume at TRY 17.35 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 0.640 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 5.04%.
Our recommended stop-loss: TRY 16.93 (-5.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (DURDO.IS) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Duran Dogan Basim ve Ambalaj Sanayi A.S. to open at TRY 17.68, and during the day (based on 14 day Average True Range), to move between TRY 17.11 and TRY 18.59, which gives a possible trading interval of +/-TRY 0.735 (+/-4.12%) up or down from last closing price. If Duran Dogan Basim ve Ambalaj Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 8.24% 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 17.35 (2.80%) than the resistance at TRY 19.10 (7.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Duran Dogan Basim ve Ambalaj Sanayi A.S. stock A Buy?
Duran Dogan Basim ve Ambalaj Sanayi A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Duran Dogan Basim ve Ambalaj Sanayi A.S. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| TRY 17.68 ( 0.93%) | TRY 17.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DURDO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.32 | 2.65 % | |
| R2 | 18.08 | 1.28 % | ||
| R1 | 17.93 | 0.436 % | ||
| Current price: | 17.85 | |||
| Support | S1 | 17.44 | -2.30 % | |
| S2 | 17.29 | -3.15 % | ||
| S3 | 17.04 | -4.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.96 | 11.82 % | |
| R2 | 19.32 | 8.24 % | ||
| R1 | 19.10 | 7.00 % | ||
| Current price | 17.85 | |||
| Support | S1 | 17.35 | -2.80% | |
| S2 | 16.57 | -7.17% | ||
| S3 | 16.32 | -8.57% |
FAQ
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