Emlak Konut Gayrimenkul Yatirim 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 Monday for Emlak Konut Gayrimenkul Yatirim
(Updated on May 20, 2024)
The Emlak Konut Gayrimenkul Yatirim stock price gained 2.93% on the last trading day (Monday, 20th May 2024), rising from TRY 8.86 to TRY 9.12. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.65% from a day low at TRY 8.81 to a day high of TRY 9.22. The price has risen in 6 of the last 10 days but is still down by -12.73% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 76 million more shares were traded than the day before. In total, 337 million shares were bought and sold for approximately TRY 3.08 billion.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.03% during the next 3 months and, with a 90% probability hold a price between TRY 6.56 and TRY 8.44 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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EKGYO.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 4.83%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Emlak Konut Gayrimenkul Yatirim stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 9.67. On a fall, the stock will find some support from the short-term average at TRY 9.10. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 30.59% to TRY 11.91 within 10 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for Emlak Konut Gayrimenkul Yatirim stock
Emlak Konut Gayrimenkul Yatirim finds support from accumulated volume at TRY 8.96 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 0.410 between high and low, or 4.65%. For the last week, the stock has had daily average volatility of 5.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EKGYO.IS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 9.05, and during the day (based on 14 day Average True Range), to move between TRY 8.69 and TRY 9.55, which gives a possible trading interval of +/-TRY 0.426 (+/-4.67%) up or down from last closing price. If Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 9.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 9.25 (1.43%) than the support at TRY 8.96 (1.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Emlak Konut Gayrimenkul Yatirim holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.179 Sell Candidate Unchanged
Predicted Opening Price for Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| TRY 9.05 ( 0.768%) | TRY 9.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EKGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.46 | 3.73 % | |
| R2 | 9.30 | 2.01 % | ||
| R1 | 9.21 | 0.95 % | ||
| Current price: | 9.12 | |||
| Support | S1 | 8.89 | -2.48 % | |
| S2 | 8.80 | -3.55 % | ||
| S3 | 8.64 | -5.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.30 | 23.90 % | |
| R2 | 10.77 | 18.09 % | ||
| R1 | 9.25 | 1.43 % | ||
| Current price | 9.12 | |||
| Support | S1 | 8.96 | -1.75% | |
| S2 | 8.72 | -4.39% | ||
| S3 | 8.70 | -4.61% |
EKGYO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2023 | Apr 12, 2023 | Apr 12, 2023 | TRY 0.239 | 3.41% |
| 2 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | TRY 0.103 | 3.72% |
| 3 | May 05, 2021 | May 05, 2021 | May 05, 2021 | TRY 0.0217 | 1.19% |
| 4 | Jul 23, 2020 | Jul 23, 2020 | Jul 23, 2020 | TRY 0.0202 | 0.87% |
| 5 | Apr 27, 2020 | Apr 27, 2020 | Apr 27, 2020 | TRY 0.0202 | 1.60% |
FAQ
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