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
Hedef Girisim Sermayesi Yatirim stock price fell more than -5.78% Tuesday closing at TRY 2.12
(Updated on Apr 30, 2024)
The Hedef Girisim Sermayesi Yatirim stock price fell by -5.78% on the last day (Tuesday, 30th Apr 2024) from TRY 2.25 to TRY 2.12. During the last trading day the stock fluctuated 6.64% from a day low at TRY 2.11 to a day high of TRY 2.25. The price has risen in 5 of the last 10 days but is still down by -0.47% for this period. 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 -31 million shares and in total, 21 million shares were bought and sold for approximately TRY 45.09 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hedef Girisim Sermayesi Yatirim stock with a 90% probability to be traded between TRY 1.92 and TRY 2.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HDFGS.IS Signals & Forecast
The Hedef Girisim Sermayesi Yatirim 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 2.11 and TRY 2.08. 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 Monday, April 29, 2024, and so far it has fallen -5.78%. 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.
A sell signal from a double top formation was found on Tuesday, April 09, 2024 and based on theory for this formation the price should fall by -10.85% to TRY 1.89 within 44 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Hedef Girisim Sermayesi Yatirim stock
Hedef Girisim Sermayesi Yatirim finds support from accumulated volume at TRY 2.07 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 0.140 between high and low, or 6.64%. For the last week, the stock has had daily average volatility of 4.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HDFGS.IS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Hedef Girisim Sermayesi Yatirim Ortakligi A.S. to open at TRY 2.16, and during the day (based on 14 day Average True Range), to move between TRY 2.01 and TRY 2.23, which gives a possible trading interval of +/-TRY 0.107 (+/-5.06%) 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 10.12% 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 2.13 (0.47%) than the support at TRY 2.07 (2.36%), 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 Hedef Girisim Sermayesi Yatirim Ortakligi A.S. stock A Buy?
Hedef Girisim Sermayesi Yatirim holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Buy to a Sell candidate.
Current score: -1.030 Sell Candidate Downgraded
Predicted Opening Price for Hedef Girisim Sermayesi Yatirim Ortakligi A.S. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| TRY 2.16 ( 1.89%) | TRY 2.12 |
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 | 2.30 | 8.49 % | |
| R2 | 2.25 | 5.97 % | ||
| R1 | 2.21 | 4.41 % | ||
| Current price: | 2.12 | |||
| Support | S1 | 2.11 | -0.636 % | |
| S2 | 2.07 | -2.19 % | ||
| S3 | 2.02 | -4.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.27 | 7.08 % | |
| R2 | 2.15 | 1.42 % | ||
| R1 | 2.13 | 0.472 % | ||
| Current price | 2.12 | |||
| Support | S1 | 2.07 | -2.36% | |
| S2 | 2.02 | -4.72% | ||
| S3 | 2.01 | -5.19% |
FAQ
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