Ihlas Haber Ajansi 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
Strong day for Ihlas Haber Ajansi A.S. stock price on Friday rising 7.15% to TRY 29.98
(Updated on Jun 28, 2024)
The Ihlas Haber Ajansi A.S. stock price gained 7.15% on the last trading day (Friday, 28th Jun 2024), rising from TRY 27.98 to TRY 29.98. It has now gained 4 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 9.18% from a day low at TRY 27.46 to a day high of TRY 29.98. The price has risen in 8 of the last 10 days and is up by 20.3% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately TRY 101.35 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at TRY 29.49, a level that may pose a second chance to hit a runner. According to fan-theory TRY 34.59 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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IHAAS.IS Signals & Forecast
The Ihlas Haber Ajansi 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 27.07 and TRY 21.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 51.19%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Ihlas Haber Ajansi A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 25.10 and TRY 23.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ihlas Haber Ajansi A.S. finds support just below today's level at TRY 25.10. If this is broken, then the next support from accumulated volume will be at TRY 23.10 and TRY 22.96.
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 2.52 between high and low, or 9.18%. For the last week, the stock has had daily average volatility of 6.24%.
The Ihlas Haber Ajansi A.S. stock is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: TRY 28.56 (-4.74%) (This stock has high daily movements and this gives high risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (IHAAS.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ihlas Haber Ajansi A.S. to open at TRY 29.14, and during the day (based on 14 day Average True Range), to move between TRY 28.42 and TRY 31.54, which gives a possible trading interval of +/-TRY 1.56 (+/-5.21%) up or down from last closing price. If Ihlas Haber Ajansi A.S. takes out the full calculated possible swing range there will be an estimated 10.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 25.10, some TRY 4.88 (16.28%) from the current price of TRY 29.98, our system finds the risk reward attractive.
Is Ihlas Haber Ajansi A.S. stock A Buy?
Ihlas Haber Ajansi 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ihlas Haber Ajansi A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 29.14 ( 2.80%) | TRY 29.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHAAS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.66 | 5.60% |
| R2 | 30.70 | 2.39% |
| R1 | 30.10 | 0.409% |
| Price | 29.98 | |
| S1 | 28.18 | -6.01% |
| S2 | 27.58 | -8.00% |
| S3 | 26.62 | -11.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 29.98 | |
| S1 | 25.10 | -16.28% |
| S2 | 23.10 | -22.95% |
| S3 | 22.96 | -23.42% |
FAQ
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