Migros 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
Migros Ticaret A.S. stock price up 0.264% on Friday
(Updated on May 31, 2024)
The Migros Ticaret A.S. stock price gained 0.264% on the last trading day (Friday, 31st May 2024), rising from TRY 474.00 to TRY 475.25. During the last trading day the stock fluctuated 3.65% from a day low at TRY 472.25 to a day high of TRY 489.50. The price has been going up and down for this period, and there has been a -5.98% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 662 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately TRY 1.02 billion.
The stock lies in the middle of a wide and weak 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 3.30% during the next 3 months and, with a 90% probability hold a price between TRY 433.40 and TRY 526.80 at the end of this 3-month period.
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MGROS.IS Signals & Forecast
The Migros Ticaret A.S. 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 475.46. On a fall, the stock will find some support from the long-term average at approximately TRY 460.52. 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. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, May 20, 2024, and so far it has fallen -6.35%. 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).
Support, Risk & Stop-loss for Migros Ticaret A.S. stock
Migros Ticaret A.S. finds support from accumulated volume at TRY 472.50 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 17.25 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: TRY 446.83 (-5.98%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (MGROS.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Migros Ticaret A.S. to open at TRY 479.00, and during the day (based on 14 day Average True Range), to move between TRY 459.19 and TRY 491.31, which gives a possible trading interval of +/-TRY 16.06 (+/-3.38%) up or down from last closing price. If Migros Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 6.76% 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 472.50 (0.58%) than the resistance at TRY 484.50 (1.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Migros Ticaret 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 Migros Ticaret A.S. stock to perform well in the short-term.
Current score: 1.966 Buy Candidate Unchanged
Predicted Opening Price for Migros Ticaret A.S. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 479.00 ( 0.789%) | TRY 475.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MGROS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 496.25 | 4.42 % | |
| R2 | 489.66 | 3.03 % | ||
| R1 | 485.59 | 2.18 % | ||
| Current price: | 475.25 | |||
| Support | S1 | 472.41 | -0.597 % | |
| S2 | 468.34 | -1.45 % | ||
| S3 | 461.75 | -2.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 505.50 | 6.37 % | |
| R2 | 489.25 | 2.95 % | ||
| R1 | 484.50 | 1.95 % | ||
| Current price | 475.25 | |||
| Support | S1 | 472.50 | -0.579% | |
| S2 | 470.00 | -1.10% | ||
| S3 | 466.25 | -1.89% |
MGROS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | May 29, 2024 | TRY 6.90 | 1.45% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | TRY 2.61 | 1.50% |
| 3 | May 28, 2010 | May 28, 2010 | May 28, 2010 | TRY 1.10 | 4.04% |
| 4 | Aug 04, 2009 | Aug 04, 2009 | Aug 04, 2009 | TRY 14.00 | 75.27% |
| 5 | May 01, 2008 | May 01, 2008 | May 01, 2008 | TRY 0.593 | 2.96% |
FAQ
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