Hedef Girisim Sermayesi Yatirim 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
Red day on Thursday for Hedef Girisim Sermayesi Yatirim stock after losing 1.46%
(Updated on Apr 18, 2024)
The Hedef Girisim Sermayesi Yatirim stock price fell by -1.46% on the last day (Thursday, 18th Apr 2024) from TRY 2.05 to TRY 2.02. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.52% from a day low at TRY 1.99 to a day high of TRY 2.08. The price has been going up and down for this period, and there has been a -5.61% loss for the last 2 weeks. Volume has increased on the last day by 12 million 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, 27 million shares were bought and sold for approximately TRY 54.60 million.
The stock lies in the middle of a wide and weak 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 5.34% during the next 3 months and, with a 90% probability hold a price between TRY 2.03 and TRY 2.49 at the end of this 3-month period.
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HDFGS.IS Signals & Forecast
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. The Hedef Girisim Sermayesi Yatirim 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 2.14 and TRY 2.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -11.40%. 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 Hedef Girisim Sermayesi Yatirim stock
Hedef Girisim Sermayesi Yatirim finds support from accumulated volume at TRY 2.01 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 0.0900 between high and low, or 4.52%. For the last week, the stock has had daily average volatility of 4.43%.
Our recommended stop-loss: TRY 1.92 (-5.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (HDFGS.IS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Hedef Girisim Sermayesi Yatirim Ortakligi A.S. to open at TRY 2.03, and during the day (based on 14 day Average True Range), to move between TRY 1.91 and TRY 2.13, which gives a possible trading interval of +/-TRY 0.114 (+/-5.64%) up or down from last closing price. If Hedef Girisim Sermayesi Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 11.27% 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 2.01 (0.50%) than the resistance at TRY 2.13 (5.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hedef Girisim Sermayesi Yatirim Ortakligi A.S. stock A Buy?
Hedef Girisim Sermayesi Yatirim holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.452 Hold/Accumulate Unchanged
Predicted Opening Price for Hedef Girisim Sermayesi Yatirim Ortakligi A.S. of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
TRY 2.03 ( 0.495%) | TRY 2.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HDFGS.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.12 | 4.95 % | |
R2 | 2.09 | 3.25 % | ||
R1 | 2.06 | 2.20 % | ||
Current price: | 2.02 | |||
Support | S1 | 2.00 | -1.21 % | |
S2 | 1.97 | -2.26 % | ||
S3 | 1.94 | -3.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.27 | 12.38 % | |
R2 | 2.15 | 6.44 % | ||
R1 | 2.13 | 5.45 % | ||
Current price | 2.02 | |||
Support | S1 | 2.01 | -0.495% | |
S2 | 1.95 | -3.47% | ||
S3 | 1.90 | -5.94% |
FAQ
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