Is Girisim Sermayesi Yatirim Ortakligi 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
Is Girisim Sermayesi Yatirim Ortakligi stock downgraded to Hold/Accumulate
(Updated on May 06, 2024)
The Is Girisim Sermayesi Yatirim Ortakligi stock price fell by -2.50% on the last day (Monday, 6th May 2024) from TRY 32.74 to TRY 31.92. During the last trading day the stock fluctuated 7.57% from a day low at TRY 31.46 to a day high of TRY 33.84. The price has fallen in 6 of the last 10 days but is still up by 4.25% 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 -6 million shares and in total, 4 million shares were bought and sold for approximately TRY 116.35 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.13% during the next 3 months and, with a 90% probability hold a price between TRY 30.86 and TRY 42.34 at the end of this 3-month period.
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ISGSY.IS Signals & Forecast
The Is Girisim Sermayesi Yatirim Ortakligi 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 33.03. On a fall, the stock will find some support from the long-term average at approximately TRY 29.22. 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. 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, April 26, 2024, and so far it has fallen -8.01%. 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.
Support, Risk & Stop-loss for Is Girisim Sermayesi Yatirim Ortakligi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 29.92 and TRY 29.60. 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, Is Girisim Sermayesi Yatirim Ortakligi finds support just below today's level at TRY 29.92. If this is broken, then the next support from accumulated volume will be at TRY 29.60 and TRY 27.16.
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 2.38 between high and low, or 7.57%. For the last week, the stock has had daily average volatility of 6.86%.
Our recommended stop-loss: TRY 29.99 (-6.06%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (ISGSY.IS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Is Girisim Sermayesi Yatirim Ortakligi AS to open at TRY 32.41, and during the day (based on 14 day Average True Range), to move between TRY 29.62 and TRY 34.22, which gives a possible trading interval of +/-TRY 2.30 (+/-7.21%) up or down from last closing price. If Is Girisim Sermayesi Yatirim Ortakligi AS takes out the full calculated possible swing range there will be an estimated 14.42% 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 32.74 (2.57%) than the support at TRY 29.92 (6.27%), 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 Is Girisim Sermayesi Yatirim Ortakligi AS stock A Buy?
Is Girisim Sermayesi Yatirim Ortakligi 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. 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 Hold/Accumulate candidate.
Current score: 0.350 Hold/Accumulate Downgraded
Predicted Opening Price for Is Girisim Sermayesi Yatirim Ortakligi AS of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| TRY 32.41 ( 1.52%) | TRY 31.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISGSY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.79 | 8.98 % | |
| R2 | 33.88 | 6.13 % | ||
| R1 | 33.32 | 4.37 % | ||
| Current price: | 31.92 | |||
| Support | S1 | 31.50 | -1.32 % | |
| S2 | 30.94 | -3.08 % | ||
| S3 | 30.03 | -5.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.70 | 8.71 % | |
| R2 | 33.78 | 5.83 % | ||
| R1 | 32.74 | 2.57 % | ||
| Current price | 31.92 | |||
| Support | S1 | 29.92 | -6.27% | |
| S2 | 29.60 | -7.27% | ||
| S3 | 27.16 | -14.91% |
FAQ
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