Mavi Giyim Sanayi ve Ticaret 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
On Friday, Mavi Giyim Sanayi ve Ticaret A.S. stock price gained an impressive 6.77%
(Updated on Jun 14, 2024)
The Mavi Giyim Sanayi ve Ticaret A.S. stock price gained 6.77% on the last trading day (Friday, 14th Jun 2024), rising from TRY 104.90 to TRY 112.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.13% from a day low at TRY 109.20 to a day high of TRY 114.80. The price has risen in 7 of the last 10 days and is up by 17.34% 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, 4 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately TRY 913.54 million.
The stock lies in the middle of a very 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 11.59% during the next 3 months and, with a 90% probability hold a price between TRY 95.39 and TRY 189.29 at the end of this 3-month period.
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MAVI.IS Signals & Forecast
Mostly positive signals in the chart today. The Mavi Giyim Sanayi ve Ticaret A.S. 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 100.58 and TRY 97.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 58.87%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Mavi Giyim Sanayi ve Ticaret A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 96.00 and TRY 95.50. 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, Mavi Giyim Sanayi ve Ticaret A.S. finds support just below today's level at TRY 96.00. If this is broken, then the next support from accumulated volume will be at TRY 95.50 and TRY 95.00.
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 5.60 (5.13%) between high and low. For the last week, the stock has had daily average volatility of 4.46%.
Our recommended stop-loss: TRY 107.95 (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (MAVI.IS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Mavi Giyim Sanayi ve Ticaret A.S. to open at TRY 112.00, and during the day (based on 14 day Average True Range), to move between TRY 107.41 and TRY 116.59, which gives a possible trading interval of +/-TRY 4.59 (+/-4.10%) up or down from last closing price. If Mavi Giyim Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.20% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 96.00, some TRY 16.00 (14.29%) from the current price of TRY 112.00, our system finds the risk reward attractive.
Is Mavi Giyim Sanayi ve Ticaret A.S. stock A Buy?
Mavi Giyim Sanayi ve Ticaret A.S. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.551 Strong Buy Candidate Unchanged
Predicted Opening Price for Mavi Giyim Sanayi ve Ticaret A.S. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| TRY 112.00 ( 0%) | TRY 112.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAVI.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 117.60 | 5.00% |
| R2 | 115.46 | 3.09% |
| R1 | 114.14 | 1.91% |
| Price | 112.00 | |
| S1 | 109.86 | -1.91% |
| S2 | 108.54 | -3.09% |
| S3 | 106.40 | -5.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 112.00 | |
| S1 | 96.00 | -14.29% |
| S2 | 95.50 | -14.73% |
| S3 | 95.00 | -15.18% |
MAVI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 08, 2024 | TRY 4.25 | 4.41% |
| 2 | May 10, 2023 | May 10, 2023 | May 10, 2023 | TRY 2.16 | 8.15% |
| 3 | Aug 16, 2022 | Aug 16, 2022 | Aug 16, 2022 | TRY 0.606 | 3.76% |
| 4 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | TRY 0.153 | 2.29% |
| 5 | May 29, 2018 | May 29, 2018 | May 29, 2018 | TRY 0.131 | 2.19% |
FAQ
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