Ford Otomotiv 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 Ford Otomotiv Sanayi A.S. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Ford Otomotiv Sanayi A.S. stock price fell by -0.619% on the last day (Friday, 28th Jun 2024) from TRY 1,131.00 to TRY 1,124.00. During the last trading day the stock fluctuated 1.78% from a day low at TRY 1,124.00 to a day high of TRY 1,144.00. The price has risen in 6 of the last 10 days and is up by 11.51% over the past 2 weeks. Volume has increased on the last day by 218 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately TRY 1.32 billion.
The stock lies the upper part of a wide and falling 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 1,129.55 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.80% during the next 3 months and, with a 90% probability hold a price between TRY 925.99 and TRY 1,052.75 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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FROTO.IS Signals & Forecast
The Ford Otomotiv Sanayi A.S. 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 1,105.86 and TRY 1,112.60. 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 Thursday, June 27, 2024, and so far it has fallen -0.619%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ford Otomotiv Sanayi A.S. stock
Ford Otomotiv Sanayi A.S. finds support from accumulated volume at TRY 1,119.00 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 20.00 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: TRY 1,092.26 (-2.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (FROTO.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ford Otomotiv Sanayi A.S. to open at TRY 1,130.67, and during the day (based on 14 day Average True Range), to move between TRY 1,088.54 and TRY 1,159.46, which gives a possible trading interval of +/-TRY 35.46 (+/-3.15%) up or down from last closing price. If Ford Otomotiv Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 6.31% 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 1,119.00 (0.44%) than the resistance at TRY 1,147.00 (2.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ford Otomotiv Sanayi A.S. stock A Buy?
Ford Otomotiv 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: 0.042 Hold/Accumulate Downgraded
Predicted Opening Price for Ford Otomotiv Sanayi A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 1,130.67 ( 0.593%) | TRY 1,124.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FROTO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,150.67 | 2.37% |
| R2 | 1,143.03 | 1.69% |
| R1 | 1,138.31 | 1.27% |
| Price | 1,124.00 | |
| S1 | 1,123.03 | -0.0866% |
| S2 | 1,118.31 | -0.507% |
| S3 | 1,110.67 | -1.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,215.00 | 8.10% |
| R2 | 1,149.00 | 2.22% |
| R1 | 1,147.00 | 2.05% |
| Price | 1,124.00 | |
| S1 | 1,119.00 | -0.445% |
| S2 | 1,047.00 | -6.85% |
| S3 | 1,020.00 | -9.25% |
FROTO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 16, 2024 | TRY 43.30 | 3.76% |
| 2 | Apr 08, 2024 | Apr 08, 2024 | Apr 16, 2024 | TRY 43.30 | 3.76% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | TRY 29.76 | 3.66% |
| 4 | Mar 13, 2023 | Mar 13, 2023 | Mar 13, 2023 | TRY 14.25 | 2.34% |
| 5 | Nov 30, 2022 | Nov 30, 2022 | Nov 30, 2022 | TRY 5.70 | 1.28% |
FAQ
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