Enerjisa Enerji 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
Enerjisa Enerji A.S. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Enerjisa Enerji A.S. stock price fell by -0.220% on the last day (Tuesday, 30th Apr 2024) from TRY 68.20 to TRY 68.05. During the last trading day the stock fluctuated 2.62% from a day low at TRY 66.75 to a day high of TRY 68.50. The price has risen in 7 of the last 10 days and is up by 10.56% 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 -97 thousand shares and in total, 6 million shares were bought and sold for approximately TRY 420.91 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 68.29 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.98% during the next 3 months and, with a 90% probability hold a price between TRY 62.18 and TRY 74.43 at the end of this 3-month period.
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ENJSA.IS Signals & Forecast
The Enerjisa Enerji 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 65.44 and TRY 60.05. 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 Monday, April 29, 2024, and so far it has fallen -0.220%. 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 Enerjisa Enerji A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 59.95 and TRY 59.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Enerjisa Enerji A.S. finds support just below today's level at TRY 59.95. If this is broken, then the next support from accumulated volume will be at TRY 59.00 and TRY 54.90.
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 1.75 between high and low, or 2.62%. For the last week, the stock has had daily average volatility of 3.13%.
The Enerjisa Enerji A.S. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: TRY 65.82 (-3.28%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ENJSA.IS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Enerjisa Enerji A.S. to open at TRY 67.77, and during the day (based on 14 day Average True Range), to move between TRY 65.87 and TRY 70.23, which gives a possible trading interval of +/-TRY 2.18 (+/-3.20%) up or down from last closing price. If Enerjisa Enerji A.S. takes out the full calculated possible swing range there will be an estimated 6.40% 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 68.20 (0.22%) than the support at TRY 59.95 (11.90%), 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.
Earnings coming up
Enerjisa Enerji A.S. will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for Enerjisa Enerji A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.53% in the first trading day after earnings release.
Is Enerjisa Enerji 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 Enerjisa Enerji A.S. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.708 Buy Candidate Upgraded
Predicted Opening Price for Enerjisa Enerji A.S. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| TRY 67.77 ( 0.416%) | TRY 68.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENJSA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.52 | 2.16 % | |
| R2 | 68.85 | 1.17 % | ||
| R1 | 68.44 | 0.566 % | ||
| Current price: | 68.05 | |||
| Support | S1 | 67.10 | -1.40 % | |
| S2 | 66.69 | -2.01 % | ||
| S3 | 66.02 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 68.20 | 0.220 % | ||
| Current price | 68.05 | |||
| Support | S1 | 59.95 | -11.90% | |
| S2 | 59.00 | -13.30% | ||
| S3 | 54.90 | -19.32% |
ENJSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 03, 2024 | TRY 2.79 | 4.10% |
| 2 | May 02, 2024 | May 02, 2024 | May 06, 2024 | TRY 2.79 | 4.10% |
| 3 | Apr 12, 2023 | Apr 12, 2023 | Apr 12, 2023 | TRY 2.30 | 7.65% |
| 4 | Apr 11, 2022 | Apr 11, 2022 | Apr 11, 2022 | TRY 1.24 | 7.89% |
| 5 | Apr 09, 2021 | Apr 09, 2021 | Apr 09, 2021 | TRY 0.96 | 8.86% |
FAQ
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