Inveo Yatirim Holding Anonim Sirketi 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
Inveo Yatirim Holding Anonim Sirketi stock price down 0.284% on Friday
(Updated on May 31, 2024)
The Inveo Yatirim Holding Anonim Sirketi stock price fell by -0.284% on the last day (Friday, 31st May 2024) from TRY 42.20 to TRY 42.08. During the last trading day the stock fluctuated 3.16% from a day low at TRY 41.80 to a day high of TRY 43.12. The price has fallen in 8 of the last 10 days and is down by -15.84% 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 -515 thousand shares and in total, 826 thousand shares were bought and sold for approximately TRY 34.74 million.
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at TRY 42.14. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
INVEO.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Inveo Yatirim Holding Anonim Sirketi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 43.66 and TRY 46.68. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Inveo Yatirim Holding Anonim Sirketi stock
Inveo Yatirim Holding Anonim Sirketi finds support from accumulated volume at TRY 41.52 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 1.32 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 3.39%.
Inveo Yatirim Holding Anonim Sirketi is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INVEO.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Inveo Yatirim Holding Anonim Sirketi to open at TRY 42.33, and during the day (based on 14 day Average True Range), to move between TRY 40.06 and TRY 44.10, which gives a possible trading interval of +/-TRY 2.02 (+/-4.80%) up or down from last closing price. If Inveo Yatirim Holding Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 9.59% 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 41.52 (1.33%) than the resistance at TRY 46.82 (11.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Inveo Yatirim Holding Anonim Sirketi stock A Buy?
The Inveo Yatirim Holding Anonim Sirketi stock holds several negative signals and despite the positive trend, we believe Inveo Yatirim Holding Anonim Sirketi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.456 Sell Candidate Unchanged
Predicted Opening Price for Inveo Yatirim Holding Anonim Sirketi of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 42.33 ( 0.602%) | TRY 42.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INVEO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.65 | 3.74 % | |
| R2 | 43.15 | 2.54 % | ||
| R1 | 42.84 | 1.80 % | ||
| Current price: | 42.08 | |||
| Support | S1 | 41.83 | -0.596 % | |
| S2 | 41.52 | -1.34 % | ||
| S3 | 41.01 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.55 | 20.13 % | |
| R2 | 49.22 | 16.97 % | ||
| R1 | 46.82 | 11.26 % | ||
| Current price | 42.08 | |||
| Support | S1 | 41.52 | -1.33% | |
| S2 | 41.50 | -1.38% | ||
| S3 | 40.48 | -3.80% |
INVEO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2012 | May 31, 2012 | May 31, 2012 | TRY 0.0022 | 1.72% |
FAQ
Click here for our free guide on how to buy Inveo Yatirim Holding Anonim Sirketi Stock.
