Türkiye Halk Bankasi 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
Türkiye Halk Bankasi A.S. stock price down 2.25% on Friday
(Updated on May 03, 2024)
The Türkiye Halk Bankasi A.S. stock price fell by -2.25% on the last day (Friday, 3rd May 2024) from TRY 16.86 to TRY 16.48. During the last trading day the stock fluctuated 4.14% from a day low at TRY 16.43 to a day high of TRY 17.11. The price has risen in 7 of the last 10 days and is up by 14.52% 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 -28 million shares and in total, 79 million shares were bought and sold for approximately TRY 1.31 billion.
The stock lies in the upper part of a very 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 16.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.89% during the next 3 months and, with a 90% probability hold a price between TRY 14.76 and TRY 18.56 at the end of this 3-month period.
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HALKB.IS Signals & Forecast
The Türkiye Halk Bankasi 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 16.21 and TRY 14.42. A breakdown below any of these levels will issue sell signals. 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, May 02, 2024, and so far it has fallen -2.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Türkiye Halk Bankasi A.S. stock
Türkiye Halk Bankasi A.S. finds support from accumulated volume at TRY 16.24 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 0.680 between high and low, or 4.14%. For the last week, the stock has had daily average volatility of 4.72%.
Our recommended stop-loss: TRY 15.68 (-4.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HALKB.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Türkiye Halk Bankasi A.S. to open at TRY 16.67, and during the day (based on 14 day Average True Range), to move between TRY 15.70 and TRY 17.26, which gives a possible trading interval of +/-TRY 0.784 (+/-4.76%) up or down from last closing price. If Türkiye Halk Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 9.52% 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 16.55 (0.42%) than the support at TRY 16.24 (1.46%), 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
Türkiye Halk Bankasi A.S. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.190. We will update the financials statements for Türkiye Halk Bankasi A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.44% in the first trading day after earnings release.
Is Türkiye Halk Bankasi 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 Türkiye Halk Bankasi A.S. stock to perform well in the short-term.
Current score: 3.816 Buy Candidate Unchanged
Predicted Opening Price for Türkiye Halk Bankasi A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 16.67 ( 1.17%) | TRY 16.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HALKB.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.35 | 5.30 % | |
| R2 | 17.09 | 3.72 % | ||
| R1 | 16.93 | 2.75 % | ||
| Current price: | 16.48 | |||
| Support | S1 | 16.41 | -0.403 % | |
| S2 | 16.25 | -1.38 % | ||
| S3 | 15.99 | -2.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.86 | 2.31 % | |
| R2 | 16.64 | 0.97 % | ||
| R1 | 16.55 | 0.425 % | ||
| Current price | 16.48 | |||
| Support | S1 | 16.24 | -1.46% | |
| S2 | 14.39 | -12.68% | ||
| S3 | 14.22 | -13.71% |
HALKB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 15, 2018 | Aug 15, 2018 | Aug 15, 2018 | TRY 0.149 | 2.57% |
| 2 | Apr 30, 2018 | Apr 30, 2018 | Apr 30, 2018 | TRY 0.298 | 3.63% |
| 3 | Jun 12, 2017 | Jun 12, 2017 | Jun 12, 2017 | TRY 0.205 | 1.57% |
| 4 | May 09, 2017 | May 09, 2017 | May 09, 2017 | TRY 0.205 | 1.74% |
| 5 | Apr 04, 2017 | Apr 04, 2017 | Apr 04, 2017 | TRY 0.205 | 1.98% |
FAQ
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