Frigo-Pak Gida Maddeleri 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
Frigo-Pak Gida Maddeleri Sanayi ve stock price ended at TRY 8.09 on Monday, after gaining 1.00%.
(Updated on Apr 22, 2024)
The Frigo-Pak Gida Maddeleri Sanayi ve stock price gained 1.00% on the last trading day (Monday, 22nd Apr 2024), rising from TRY 8.01 to TRY 8.09. It has now gained 3 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 2.49% from a day low at TRY 8.03 to a day high of TRY 8.23. The price has risen in 7 of the last 10 days and is up by 14.27% over the past 2 weeks. Volume fell on the last day by -220 thousand shares and in total, 2 million shares were bought and sold for approximately TRY 18.76 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 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 -4.07% during the next 3 months and, with a 90% probability hold a price between TRY 6.69 and TRY 8.56 at the end of this 3-month period.
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FRIGO.IS Signals & Forecast
Mostly positive signals in the chart today. The Frigo-Pak Gida Maddeleri Sanayi ve stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 7.87 and TRY 7.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 15.08%. 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 Frigo-Pak Gida Maddeleri Sanayi ve stock
Frigo-Pak Gida Maddeleri Sanayi ve finds support from accumulated volume at TRY 8.04 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 0.200 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: TRY 7.83 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (FRIGO.IS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Frigo-Pak Gida Maddeleri Sanayi ve Ticaret A.S. to open at TRY 8.12, and during the day (based on 14 day Average True Range), to move between TRY 7.74 and TRY 8.44, which gives a possible trading interval of +/-TRY 0.351 (+/-4.34%) up or down from last closing price. If Frigo-Pak Gida Maddeleri Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.67% 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 8.04 (0.62%) than the resistance at TRY 8.52 (5.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Frigo-Pak Gida Maddeleri Sanayi ve Ticaret A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.153 Buy Candidate Unchanged
Predicted Opening Price for Frigo-Pak Gida Maddeleri Sanayi ve Ticaret A.S. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| TRY 8.12 ( 0.330%) | TRY 8.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRIGO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.32 | 2.80 % | |
| R2 | 8.24 | 1.86 % | ||
| R1 | 8.19 | 1.27 % | ||
| Current price: | 8.09 | |||
| Support | S1 | 8.04 | -0.615 % | |
| S2 | 7.99 | -1.20 % | ||
| S3 | 7.92 | -2.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.76 | 8.28 % | |
| R2 | 8.66 | 7.05 % | ||
| R1 | 8.52 | 5.32 % | ||
| Current price | 8.09 | |||
| Support | S1 | 8.04 | -0.618% | |
| S2 | 7.88 | -2.60% | ||
| S3 | 7.54 | -6.80% |
FAQ
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