Kütahya Porselen Sanayi Anonim Sirketi 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
Red day on Friday for Kütahya Porselen Sanayi Anonim Sirketi stock after losing 1.91%
(Updated on May 03, 2024)
The Kütahya Porselen Sanayi Anonim Sirketi stock price fell by -1.91% on the last day (Friday, 3rd May 2024) from TRY 110.00 to TRY 107.90. During the last trading day the stock fluctuated 5.49% from a day low at TRY 105.60 to a day high of TRY 111.40. The price has been going up and down for this period, and there has been a 6.31% gain for the last 2 weeks. Volume has increased on the last day by 428 thousand 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, 1 million shares were bought and sold for approximately TRY 135.84 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 70.65% during the next 3 months and, with a 90% probability hold a price between TRY 171.75 and TRY 211.36 at the end of this 3-month period.
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KUTPO.IS Signals & Forecast
A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -7.70%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Kütahya Porselen Sanayi Anonim Sirketi 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 110.04. On a fall, the stock will find some support from the long-term average at approximately TRY 98.20. 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.
Support, Risk & Stop-loss for Kütahya Porselen Sanayi Anonim Sirketi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 101.00 and TRY 92.80. 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, Kütahya Porselen Sanayi Anonim Sirketi finds support just below today's level at TRY 101.00. If this is broken, then the next support from accumulated volume will be at TRY 92.80 and TRY 83.50.
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 5.80 between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 6.04%.
Our recommended stop-loss: TRY 102.56 (-4.95%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (KUTPO.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kütahya Porselen Sanayi Anonim Sirketi to open at TRY 108.30, and during the day (based on 14 day Average True Range), to move between TRY 100.43 and TRY 115.37, which gives a possible trading interval of +/-TRY 7.47 (+/-6.93%) up or down from last closing price. If Kütahya Porselen Sanayi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 13.85% 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 108.90 (0.93%) than the support at TRY 101.00 (6.39%), 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 Kütahya Porselen Sanayi Anonim Sirketi stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.756 Buy Candidate Unchanged
Predicted Opening Price for Kütahya Porselen Sanayi Anonim Sirketi of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 108.30 ( 0.371%) | TRY 107.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KUTPO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.10 | 5.75 % | |
| R2 | 111.88 | 3.69 % | ||
| R1 | 110.52 | 2.42 % | ||
| Current price: | 107.90 | |||
| Support | S1 | 106.08 | -1.68 % | |
| S2 | 104.72 | -2.95 % | ||
| S3 | 102.50 | -5.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.90 | 8.34 % | |
| R2 | 113.40 | 5.10 % | ||
| R1 | 108.90 | 0.93 % | ||
| Current price | 107.90 | |||
| Support | S1 | 101.00 | -6.39% | |
| S2 | 92.80 | -13.99% | ||
| S3 | 83.50 | -22.61% |
FAQ
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