Isiklar Enerji ve Yapi Holding 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
A very strong day for Isiklar Enerji ve Yapi Holding A.S. stock price on Friday
(Updated on Jun 14, 2024)
The Isiklar Enerji ve Yapi Holding A.S. stock price gained 5.20% on the last trading day (Friday, 14th Jun 2024), rising from TRY 4.81 to TRY 5.06. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.61% from a day low at TRY 4.84 to a day high of TRY 5.16. The price has risen in 7 of the last 10 days and is up by 4.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately TRY 70.09 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.27% during the next 3 months and, with a 90% probability hold a price between TRY 4.02 and TRY 4.88 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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IEYHO.IS Signals & Forecast
Mostly positive signals in the chart today. The Isiklar Enerji ve Yapi Holding 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 4.88 and TRY 4.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 7.89%. Further rise is indicated until a new top pivot has been found. 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.
A sell signal from a double top formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should fall by -15.88% to TRY 4.26 within 15 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for Isiklar Enerji ve Yapi Holding A.S. stock
Isiklar Enerji ve Yapi Holding A.S. finds support from accumulated volume at TRY 4.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 0.320 (6.61%) between high and low. For the last week, the stock has had daily average volatility of 5.15%.
Our recommended stop-loss: TRY 4.86 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (IEYHO.IS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Isiklar Enerji ve Yapi Holding A.S. to open at TRY 5.02, and during the day (based on 14 day Average True Range), to move between TRY 4.84 and TRY 5.28, which gives a possible trading interval of +/-TRY 0.218 (+/-4.31%) up or down from last closing price. If Isiklar Enerji ve Yapi Holding A.S. takes out the full calculated possible swing range there will be an estimated 8.61% 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 5.12 (1.19%) than the support at TRY 4.97 (1.78%), 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 Isiklar Enerji ve Yapi Holding A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.237 Buy Candidate Upgraded
Predicted Opening Price for Isiklar Enerji ve Yapi Holding A.S. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| TRY 5.02 ( 0.791%) | TRY 5.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEYHO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.34 | 5.53% |
| R2 | 5.22 | 3.12% |
| R1 | 5.14 | 1.63% |
| Price | 5.06 | |
| S1 | 4.90 | -3.21% |
| S2 | 4.82 | -4.70% |
| S3 | 4.70 | -7.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.75 | 13.64% |
| R2 | 5.38 | 6.32% |
| R1 | 5.12 | 1.19% |
| Price | 5.06 | |
| S1 | 4.97 | -1.78% |
| S2 | 4.91 | -2.96% |
| S3 | 4.76 | -5.93% |
FAQ
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