LIMAK DOGU ANADOLU 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
Stronger technical forecast for LIMAK DOGU ANADOLU stock price after Thursday trading.
(Updated on Jun 06, 2024)
The LIMAK DOGU ANADOLU stock price fell by -0.196% on the last day (Thursday, 6th Jun 2024) from TRY 20.36 to TRY 20.32. During the last trading day the stock fluctuated 2.66% from a day low at TRY 20.30 to a day high of TRY 20.84. The price has fallen in 7 of the last 10 days and is down by -14.98% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 4 million shares were bought and sold for approximately TRY 88.90 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -37.36% during the next 3 months and, with a 90% probability hold a price between TRY 10.50 and TRY 14.74 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LMKDC.IS Signals & Forecast
There are few to no technical positive signals at the moment. The LIMAK DOGU ANADOLU 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 20.89 and TRY 24.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -28.65%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for LIMAK DOGU ANADOLU stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.540 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 4.13%.
LIMAK DOGU ANADOLU is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LMKDC.IS) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect LIMAK DOGU ANADOLU to open at TRY 20.49, and during the day (based on 14 day Average True Range), to move between TRY 19.22 and TRY 21.42, which gives a possible trading interval of +/-TRY 1.10 (+/-5.40%) up or down from last closing price. If LIMAK DOGU ANADOLU takes out the full calculated possible swing range there will be an estimated 10.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 24.40, some TRY 4.08 (20.08%) from the current price of TRY 20.32, our system finds the risk reward not very attractive.
Is LIMAK DOGU ANADOLU stock A Buy?
LIMAK DOGU ANADOLU holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.820 Sell Candidate Upgraded
Predicted Opening Price for LIMAK DOGU ANADOLU of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| TRY 20.49 ( 0.82%) | TRY 20.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMKDC.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.03 | 3.48% |
| R2 | 20.82 | 2.46% |
| R1 | 20.69 | 1.84% |
| Price | 20.32 | |
| S1 | 20.28 | -0.195% |
| S2 | 20.15 | -0.82% |
| S3 | 19.95 | -1.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.34 | 24.70% |
| R2 | 24.46 | 20.37% |
| R1 | 24.40 | 20.08% |
| Price | 20.32 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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