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Kardemir Karabük Demir Çelik Sanayi Ve Stock Forecast

TRY 22.68
+0.500 (+2.25%)
At Close: Jun 28, 2024

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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KRDMB.IS
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Green day on Friday for Kardemir Karabük Demir Çelik Sanayi Ve stock after gaining 2.25%
(Updated on Jun 28, 2024)

Buy candidate since Jun 27, 2024 Gain 2.25% PDF

The Kardemir Karabük Demir Çelik Sanayi Ve stock price gained 2.25% on the last trading day (Friday, 28th Jun 2024), rising from TRY 22.18 to TRY 22.68. During the last trading day the stock fluctuated 2.79% from a day low at TRY 22.20 to a day high of TRY 22.82. The price has risen in 7 of the last 10 days and is up by 7.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately TRY 59.61 million.

The stock lies in the middle of a 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 30.36% during the next 3 months and, with a 90% probability hold a price between TRY 28.38 and TRY 33.66 at the end of this 3-month period.

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KRDMB.IS Signals & Forecast

The Kardemir Karabük Demir Çelik Sanayi Ve 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 22.34 and TRY 22.12. A breakdown below any of these levels will issue sell signals. 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 Wednesday, May 22, 2024, and so far it has fallen -2.41%. 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).

Support, Risk & Stop-loss for Kardemir Karabük Demir Çelik Sanayi Ve stock

Kardemir Karabük Demir Çelik Sanayi Ve finds support from accumulated volume at TRY 22.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 0.620 (2.79%) between high and low. For the last week, the stock has had daily average volatility of 3.13%.

Our recommended stop-loss: TRY 21.40 (-5.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 53 days ago.)

Trading Expectations (KRDMB.IS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. to open at TRY 22.57, and during the day (based on 14 day Average True Range), to move between TRY 21.96 and TRY 23.40, which gives a possible trading interval of +/-TRY 0.721 (+/-3.18%) up or down from last closing price. If Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 6.36% 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 22.58 (0.44%) than the resistance at TRY 22.84 (0.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kardemir Karabük Demir Çelik 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 Kardemir Karabük Demir Çelik Sanayi Ve stock to perform well in the short-term.

Current score: 2.788 Buy Candidate Unchanged

Predicted Opening Price for Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. of Monday, July 1, 2024

Fair opening price July 1, 2024 Current price
TRY 22.57 ( 0.500%) TRY 22.68

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for KRDMB.IS

Fibonacci Support & Resistance Levels

Level Price
R3 23.19 2.23%
R2 22.95 1.19%
R1 22.80 0.545%
Price 22.68
S1 22.33 -1.54%
S2 22.18 -2.19%
S3 21.95 -3.23%

Accumulated Volume Support & Resistance Levels

Level Price
R3 23.24 2.47%
R2 22.96 1.23%
R1 22.84 0.705%
Price 22.68
S1 22.58 -0.441%
S2 22.16 -2.29%
S3 17.94 -20.90%

FAQ

What is the symbol for Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. Stock and on which exchange is it traded?
The symbol for Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. is KRDMB.IS and it is traded on the BIST (Istanbul Stock Exchange).

Should I buy or sell Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. Stock?
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 Kardemir Karabük Demir Çelik Sanayi Ve stock to perform well in the short-term.

How to buy Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. Stock?
Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. Stock.

What's the current price of Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. Stock?
As of the end of day on the Jun 28, 2024, the price of an Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMB.IS) share was TRY 22.68.

What is the 52-week high and low for Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. Stock?
The 52-week high for Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. Stock is TRY 27.78 and the 52-week low is TRY 16.03.
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