Katmerciler Arac Üstü Ekipman Sanayi 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
Katmerciler Arac Üstü Ekipman Sanayi stock downgraded from Buy Candidate to Sell Candidate after Monday trading session.
(Updated on Jun 24, 2024)
The Katmerciler Arac Üstü Ekipman Sanayi stock price fell by -3.96% on the last day (Monday, 24th Jun 2024) from TRY 2.27 to TRY 2.18. During the last trading day the stock fluctuated 6.45% from a day low at TRY 2.17 to a day high of TRY 2.31. The price has been going up and down for this period, and there has been a 6.86% gain for the last 2 weeks. Volume has increased on the last day by 22 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 122 million shares were bought and sold for approximately TRY 266.11 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Katmerciler Arac Üstü Ekipman Sanayi stock with a 90% probability to be traded between TRY 1.90 and TRY 2.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KATMR.IS Signals & Forecast
There are mixed signals in the stock today. The Katmerciler Arac Üstü Ekipman Sanayi stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 2.20. On a fall, the stock will find some support from the short-term average at TRY 2.07. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -3.96%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Katmerciler Arac Üstü Ekipman Sanayi stock
Katmerciler Arac Üstü Ekipman Sanayi finds support from accumulated volume at TRY 2.12 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 0.140 between high and low, or 6.45%. For the last week, the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KATMR.IS) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. to open at TRY 2.22, and during the day (based on 14 day Average True Range), to move between TRY 2.09 and TRY 2.27, which gives a possible trading interval of +/-TRY 0.0854 (+/-3.92%) up or down from last closing price. If Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 7.84% 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 2.21 (1.38%) than the support at TRY 2.12 (2.75%), 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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. stock A Buy?
Katmerciler Arac Üstü Ekipman Sanayi holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -1.759 Sell Candidate Downgraded
Predicted Opening Price for Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| TRY 2.22 ( 1.83%) | TRY 2.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KATMR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.36 | 8.26% |
| R2 | 2.31 | 5.80% |
| R1 | 2.27 | 4.29% |
| Price | 2.18 | |
| S1 | 2.17 | -0.618% |
| S2 | 2.13 | -2.13% |
| S3 | 2.08 | -4.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.36 | 8.26% |
| R2 | 2.27 | 4.13% |
| R1 | 2.21 | 1.38% |
| Price | 2.18 | |
| S1 | 2.12 | -2.75% |
| S2 | 2.09 | -4.13% |
| S3 | 2.05 | -5.96% |
FAQ
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