Global Yatirim Holding Anonim Sirketi 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
Global Yatirim Holding Anonim Sirketi stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on May 31, 2024)
The Global Yatirim Holding Anonim Sirketi stock price gained 0.218% on the last trading day (Friday, 31st May 2024), rising from TRY 13.74 to TRY 13.77. During the last trading day the stock fluctuated 1.24% from a day low at TRY 13.68 to a day high of TRY 13.85. The price has risen in 5 of the last 10 days but is still down by -2.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately TRY 91.31 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.56% during the next 3 months and, with a 90% probability hold a price between TRY 15.30 and TRY 17.96 at the end of this 3-month period.
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GLYHO.IS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Global Yatirim Holding Anonim Sirketi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 14.45 and TRY 13.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -7.89%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Global Yatirim Holding Anonim Sirketi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 13.02 and TRY 13.01. 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, Global Yatirim Holding Anonim Sirketi finds support just below today's level at TRY 13.02. If this is broken, then the next support from accumulated volume will be at TRY 13.01 and TRY 12.60.
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 0.170 between high and low, or 1.24%. For the last week, the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLYHO.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Global Yatirim Holding Anonim Sirketi to open at TRY 13.77, and during the day (based on 14 day Average True Range), to move between TRY 13.26 and TRY 14.28, which gives a possible trading interval of +/-TRY 0.512 (+/-3.72%) up or down from last closing price. If Global Yatirim Holding Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 7.44% 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 14.00 (1.67%) than the support at TRY 13.02 (5.45%), 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 Global Yatirim Holding Anonim Sirketi stock A Buy?
The Global Yatirim Holding Anonim Sirketi stock holds several negative signals and despite the positive trend, we believe Global Yatirim Holding Anonim Sirketi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.067 Strong Sell Candidate Downgraded
Predicted Opening Price for Global Yatirim Holding Anonim Sirketi of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 13.77 ( 0.0242%) | TRY 13.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLYHO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.94 | 1.21 % | |
| R2 | 13.87 | 0.739 % | ||
| R1 | 13.83 | 0.447 % | ||
| Current price: | 13.77 | |||
| Support | S1 | 13.70 | -0.496 % | |
| S2 | 13.66 | -0.787 % | ||
| S3 | 13.60 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.95 | 8.57 % | |
| R2 | 14.36 | 4.28 % | ||
| R1 | 14.00 | 1.67 % | ||
| Current price | 13.77 | |||
| Support | S1 | 13.02 | -5.45% | |
| S2 | 13.01 | -5.52% | ||
| S3 | 12.60 | -8.50% |
FAQ
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