Kaplamin Ambalaj Sanayi ve Ticaret 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
Stronger technical forecast for Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock price after Friday trading.
(Updated on May 03, 2024)
The Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock price gained 0.0574% on the last trading day (Friday, 3rd May 2024), rising from TRY 174.30 to TRY 174.40. During the last trading day the stock fluctuated 4.72% from a day low at TRY 171.70 to a day high of TRY 179.80. The price has been going up and down for this period, and there has been a 3.81% gain for the last 2 weeks. Volume fell on the last day by -156 thousand shares and in total, 151 thousand shares were bought and sold for approximately TRY 26.41 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 lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 169.09 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 47.23% during the next 3 months and, with a 90% probability hold a price between TRY 248.95 and TRY 315.69 at the end of this 3-month period.
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KAPLM.IS Signals & Forecast
The Kaplamin Ambalaj Sanayi ve Ticaret 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 177.51. On a fall, the stock will find some support from the long-term average at approximately TRY 171.90. 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). 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. 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 Tuesday, March 26, 2024, and so far it has fallen -7.04%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 146.90 and TRY 141.90. 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, Kaplamin Ambalaj Sanayi ve Ticaret A.S. finds support just below today's level at TRY 146.90. If this is broken, then the next support from accumulated volume will be at TRY 141.90 and TRY 140.40.
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 8.10 between high and low, or 4.72%. For the last week, the stock has had daily average volatility of 9.24%.
Our recommended stop-loss: TRY 167.52 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (KAPLM.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kaplamin Ambalaj Sanayi ve Ticaret A.S. to open at TRY 175.30, and during the day (based on 14 day Average True Range), to move between TRY 161.28 and TRY 187.52, which gives a possible trading interval of +/-TRY 13.12 (+/-7.52%) up or down from last closing price. If Kaplamin Ambalaj Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 15.05% 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 184.00 (5.50%) than the support at TRY 146.90 (15.77%), 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 Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.535 Buy Candidate Upgraded
Predicted Opening Price for Kaplamin Ambalaj Sanayi ve Ticaret A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 175.30 ( 0.516%) | TRY 174.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAPLM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 183.40 | 5.16 % | |
| R2 | 180.31 | 3.39 % | ||
| R1 | 178.39 | 2.29 % | ||
| Current price: | 174.40 | |||
| Support | S1 | 172.21 | -1.26 % | |
| S2 | 170.29 | -2.35 % | ||
| S3 | 167.20 | -4.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 187.60 | 7.57 % | |
| R2 | 186.00 | 6.65 % | ||
| R1 | 184.00 | 5.50 % | ||
| Current price | 174.40 | |||
| Support | S1 | 146.90 | -15.77% | |
| S2 | 141.90 | -18.64% | ||
| S3 | 140.40 | -19.50% |
FAQ
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