Edip Gayrimenkul Yatirim Sanayi ve 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
Green day on Friday for Edip Gayrimenkul Yatirim Sanayi ve stock after gaining 1.94%
(Updated on May 31, 2024)
The Edip Gayrimenkul Yatirim Sanayi ve stock price gained 1.94% on the last trading day (Friday, 31st May 2024), rising from TRY 23.76 to TRY 24.22. During the last trading day the stock fluctuated 4.54% from a day low at TRY 23.78 to a day high of TRY 24.86. The price has been going up and down for this period, and there has been a -5.39% loss for the last 2 weeks. Volume fell on the last day by -138 thousand shares and in total, 519 thousand shares were bought and sold for approximately TRY 12.56 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.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 23.43 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 58.89% during the next 3 months and, with a 90% probability hold a price between TRY 37.23 and TRY 51.94 at the end of this 3-month period.
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EDIP.IS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -17.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Edip Gayrimenkul Yatirim Sanayi ve 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 23.90 and TRY 23.69. A breakdown below any of these levels will issue sell signals. 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 Edip Gayrimenkul Yatirim Sanayi ve stock
Edip Gayrimenkul Yatirim Sanayi ve finds support from accumulated volume at TRY 24.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 1.08 between high and low, or 4.54%. For the last week, the stock has had daily average volatility of 5.40%.
Our recommended stop-loss: TRY 23.34 (-3.64%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (EDIP.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Edip Gayrimenkul Yatirim Sanayi ve Ticaret A.S. to open at TRY 24.29, and during the day (based on 14 day Average True Range), to move between TRY 22.52 and TRY 25.92, which gives a possible trading interval of +/-TRY 1.70 (+/-7.01%) up or down from last closing price. If Edip Gayrimenkul Yatirim Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 14.02% 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 24.16 (0.25%) than the resistance at TRY 25.86 (6.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Edip Gayrimenkul Yatirim Sanayi ve Ticaret 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 Edip Gayrimenkul Yatirim Sanayi ve stock to perform well in the short-term.
Current score: 2.719 Buy Candidate Unchanged
Predicted Opening Price for Edip Gayrimenkul Yatirim Sanayi ve Ticaret A.S. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 24.29 ( 0.275%) | TRY 24.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDIP.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.37 | 4.73 % | |
| R2 | 24.95 | 3.03 % | ||
| R1 | 24.70 | 1.98 % | ||
| Current price: | 24.22 | |||
| Support | S1 | 23.87 | -1.43 % | |
| S2 | 23.62 | -2.48 % | ||
| S3 | 23.21 | -4.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.58 | 18.00 % | |
| R2 | 26.16 | 8.01 % | ||
| R1 | 25.86 | 6.77 % | ||
| Current price | 24.22 | |||
| Support | S1 | 24.16 | -0.248% | |
| S2 | 23.88 | -1.40% | ||
| S3 | 23.34 | -3.63% |
FAQ
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