Kerevitas Gida 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
Kerevitas Gida Sanayi ve Ticaret A.S. stock upgraded to Strong Buy Candidate.
(Updated on May 16, 2024)
The Kerevitas Gida Sanayi ve Ticaret A.S. stock price gained 4.97% on the last trading day (Thursday, 16th May 2024), rising from TRY 14.48 to TRY 15.20. During the last trading day the stock fluctuated 8.88% from a day low at TRY 14.42 to a day high of TRY 15.70. The price has been going up and down for this period, and there has been a 2.08% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately TRY 123.38 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 15.72 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.89% during the next 3 months and, with a 90% probability hold a price between TRY 13.77 and TRY 17.59 at the end of this 3-month period.
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KERVT.IS Signals & Forecast
The Kerevitas Gida Sanayi ve Ticaret 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 14.85 and TRY 13.43. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical 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 Monday, May 13, 2024, and so far it has fallen -0.328%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kerevitas Gida Sanayi ve Ticaret A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 13.72 and TRY 13.55. 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, Kerevitas Gida Sanayi ve Ticaret A.S. finds support just below today's level at TRY 13.72. If this is broken, then the next support from accumulated volume will be at TRY 13.55 and TRY 12.26.
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 1.28 between high and low, or 8.88%. For the last week, the stock has had daily average volatility of 5.95%.
Our recommended stop-loss: TRY 14.61 (-3.87%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (KERVT.IS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Kerevitas Gida Sanayi ve Ticaret A.S. to open at TRY 15.11, and during the day (based on 14 day Average True Range), to move between TRY 14.47 and TRY 15.93, which gives a possible trading interval of +/-TRY 0.732 (+/-4.81%) up or down from last closing price. If Kerevitas Gida Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 9.63% 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 15.25 (0.33%) than the support at TRY 13.72 (9.74%), 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 Kerevitas Gida Sanayi ve Ticaret A.S. stock A Buy?
Kerevitas Gida Sanayi ve Ticaret A.S. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.048 Strong Buy Candidate Upgraded
Predicted Opening Price for Kerevitas Gida Sanayi ve Ticaret A.S. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| TRY 15.11 ( 0.614%) | TRY 15.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KERVT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.39 | 7.81 % | |
| R2 | 15.90 | 4.59 % | ||
| R1 | 15.60 | 2.60 % | ||
| Current price: | 15.20 | |||
| Support | S1 | 14.62 | -3.83 % | |
| S2 | 14.32 | -5.82 % | ||
| S3 | 13.83 | -9.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 15.25 | 0.329 % | ||
| Current price | 15.20 | |||
| Support | S1 | 13.72 | -9.74% | |
| S2 | 13.55 | -10.86% | ||
| S3 | 12.26 | -19.34% |
FAQ
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