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
Big movements in Isiklar Enerji ve Yapi Holding A.S. stock price on Tuesday moving 11.18% between high and low
(Updated on Jun 25, 2024)
The Isiklar Enerji ve Yapi Holding A.S. stock price fell by -7.78% on the last day (Tuesday, 25th Jun 2024) from TRY 5.53 to TRY 5.10. During the last trading day the stock fluctuated 11.18% from a day low at TRY 5.01 to a day high of TRY 5.57. The price has risen in 6 of the last 10 days and is up by 2.62% 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 -1 million shares and in total, 19 million shares were bought and sold for approximately TRY 97.01 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 -3.84% during the next 3 months and, with a 90% probability hold a price between TRY 4.48 and TRY 5.39 at the end of this 3-month period.
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IEYHO.IS Signals & Forecast
The Isiklar Enerji ve Yapi Holding A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 5.15. On a fall, the stock will find some support from the long-term average at approximately TRY 4.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -9.09%. Further fall is indicated until a new bottom pivot has been found. 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 Isiklar Enerji ve Yapi Holding A.S. stock
Isiklar Enerji ve Yapi Holding A.S. finds support from accumulated volume at TRY 5.06 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 0.560 between high and low, or 11.18%. For the last week, the stock has had daily average volatility of 7.07%.
Our recommended stop-loss: TRY 4.80 (-5.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (IEYHO.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Isiklar Enerji ve Yapi Holding A.S. to open at TRY 5.23, and during the day (based on 14 day Average True Range), to move between TRY 4.84 and TRY 5.36, which gives a possible trading interval of +/-TRY 0.261 (+/-5.11%) 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 10.23% 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 (0.39%) than the support at TRY 5.06 (0.78%), 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?
Isiklar Enerji ve Yapi Holding A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.693 Hold/Accumulate Unchanged
Predicted Opening Price for Isiklar Enerji ve Yapi Holding A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 5.23 ( 2.48%) | TRY 5.10 |
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 | 5.79 | 13.46% |
| R2 | 5.57 | 9.27% |
| R1 | 5.44 | 6.68% |
| Price | 5.10 | |
| S1 | 5.01 | -1.71% |
| S2 | 4.88 | -4.30% |
| S3 | 4.67 | -8.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.66 | 10.98% |
| R2 | 5.61 | 10.00% |
| R1 | 5.12 | 0.392% |
| Price | 5.10 | |
| S1 | 5.06 | -0.784% |
| S2 | 4.97 | -2.55% |
| S3 | 4.91 | -3.73% |
FAQ
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