Lokman Hekim Engürüsag Saglik, Turizm, 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
A very strong day for Lokman Hekim Engürüsag Saglik, Turizm, stock price on Friday
(Updated on May 03, 2024)
The Lokman Hekim Engürüsag Saglik, Turizm, stock price gained 6.28% on the last trading day (Friday, 3rd May 2024), rising from TRY 80.40 to TRY 85.45. During the last trading day the stock fluctuated 6.55% from a day low at TRY 80.20 to a day high of TRY 85.45. The price has risen in 8 of the last 10 days and is up by 8.16% over the past 2 weeks. Volume fell on the last day by -40 thousand shares and in total, 605 thousand shares were bought and sold for approximately TRY 51.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 87.09 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 43.02% during the next 3 months and, with a 90% probability hold a price between TRY 93.34 and TRY 124.55 at the end of this 3-month period.
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LKMNH.IS Signals & Forecast
The Lokman Hekim Engürüsag Saglik, Turizm, 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 83.41 and TRY 70.31. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, April 30, 2024, and so far it has fallen -0.87%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lokman Hekim Engürüsag Saglik, Turizm, stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 76.70 and TRY 66.90. 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, Lokman Hekim Engürüsag Saglik, Turizm, finds support just below today's level at TRY 76.70. If this is broken, then the next support from accumulated volume will be at TRY 66.90 and TRY 64.90.
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 5.25 between high and low, or 6.55%. For the last week, the stock has had daily average volatility of 5.25%.
Our recommended stop-loss: TRY 82.50 (-3.45%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (LKMNH.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Lokman Hekim Engürüsag Saglik, Turizm, Egitim Hizmetleri ve Insaat Taahhüt A.S. to open at TRY 83.70, and during the day (based on 14 day Average True Range), to move between TRY 81.13 and TRY 89.77, which gives a possible trading interval of +/-TRY 4.32 (+/-5.05%) up or down from last closing price. If Lokman Hekim Engürüsag Saglik, Turizm, Egitim Hizmetleri ve Insaat Taahhüt A.S. takes out the full calculated possible swing range there will be an estimated 10.11% 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 86.20 (0.88%) than the support at TRY 76.70 (10.24%), 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 Lokman Hekim Engürüsag Saglik, Turizm, Egitim Hizmetleri ve Insaat Taahhüt 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 Lokman Hekim Engürüsag Saglik, Turizm, stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.931 Buy Candidate Upgraded
Predicted Opening Price for Lokman Hekim Engürüsag Saglik, Turizm, Egitim Hizmetleri ve Insaat Taahhüt A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 83.70 ( 2.05%) | TRY 85.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LKMNH.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.95 | 4.10 % | |
| R2 | 86.94 | 1.75 % | ||
| R1 | 85.71 | 0.299 % | ||
| Current price: | 85.45 | |||
| Support | S1 | 81.69 | -4.39 % | |
| S2 | 80.46 | -5.84 % | ||
| S3 | 78.45 | -8.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 86.20 | 0.88 % | ||
| Current price | 85.45 | |||
| Support | S1 | 76.70 | -10.24% | |
| S2 | 66.90 | -21.71% | ||
| S3 | 64.90 | -24.05% |
FAQ
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