Lider Faktoring 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
Red day on Friday for Lider Faktoring A.S.
(Updated on Jun 28, 2024)
The Lider Faktoring A.S. stock price fell by -1.45% on the last day (Friday, 28th Jun 2024) from TRY 8.29 to TRY 8.17. During the last trading day the stock fluctuated 3.69% from a day low at TRY 8.14 to a day high of TRY 8.44. The price has been going up and down for this period, and there has been a 0.99% gain for the last 2 weeks. Volume has increased on the last day by 921 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, 4 million shares were bought and sold for approximately TRY 35.81 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 8.04 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.66% during the next 3 months and, with a 90% probability hold a price between TRY 7.83 and TRY 9.29 at the end of this 3-month period.
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LIDFA.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.99%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lider Faktoring A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 8.31 and TRY 8.64. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Lider Faktoring A.S. stock
Lider Faktoring A.S. finds support from accumulated volume at TRY 8.12 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 0.300 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: TRY 7.76 (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (LIDFA.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lider Faktoring A.S. to open at TRY 8.25, and during the day (based on 14 day Average True Range), to move between TRY 7.85 and TRY 8.49, which gives a possible trading interval of +/-TRY 0.324 (+/-3.97%) up or down from last closing price. If Lider Faktoring A.S. takes out the full calculated possible swing range there will be an estimated 7.94% 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 8.12 (0.61%) than the resistance at TRY 9.12 (11.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lider Faktoring A.S. stock A Buy?
Lider Faktoring A.S. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.635 Hold/Accumulate Unchanged
Predicted Opening Price for Lider Faktoring A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 8.25 ( 0.98%) | TRY 8.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIDFA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.55 | 4.65% |
| R2 | 8.44 | 3.25% |
| R1 | 8.36 | 2.38% |
| Price | 8.17 | |
| S1 | 8.14 | -0.424% |
| S2 | 8.06 | -1.29% |
| S3 | 7.95 | -2.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.68 | 18.48% |
| R2 | 9.25 | 13.22% |
| R1 | 9.12 | 11.63% |
| Price | 8.17 | |
| S1 | 8.12 | -0.612% |
| S2 | 8.10 | -0.86% |
| S3 | 8.02 | -1.84% |
FAQ
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