MLP Saglik Hizmetleri 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
MLP Saglik Hizmetleri A.S. stock upgraded to Strong Buy Candidate.
(Updated on May 17, 2024)
The MLP Saglik Hizmetleri A.S. stock price gained 1.05% on the last trading day (Friday, 17th May 2024), rising from TRY 287.00 to TRY 290.00. It has now gained 3 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 2.82% from a day low at TRY 283.75 to a day high of TRY 291.75. The price has risen in 8 of the last 10 days and is up by 16.05% over the past 2 weeks. Volume fell on the last day by -160 thousand shares and in total, 590 thousand shares were bought and sold for approximately TRY 171.17 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 has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at TRY 282.98, a level that may pose a second chance to hit a runner. According to fan-theory TRY 308.68 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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MPARK.IS Signals & Forecast
Mostly positive signals in the chart today. The MLP Saglik Hizmetleri 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 272.79 and TRY 226.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 73.97%. 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 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.
Support, Risk & Stop-loss for MLP Saglik Hizmetleri A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 267.00 and TRY 250.00. 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, MLP Saglik Hizmetleri A.S. finds support just below today's level at TRY 267.00. If this is broken, then the next support from accumulated volume will be at TRY 250.00 and TRY 226.10.
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 8.00 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 4.12%.
The MLP Saglik Hizmetleri A.S. stock is extremely overbought on RSI14 (90). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: TRY 282.17 (-2.70%) (This stock has high daily movements and this gives high risk. The RSI14 is 90 and this increases the risk substantially. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (MPARK.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect MLP Saglik Hizmetleri A.S. to open at TRY 288.50, and during the day (based on 14 day Average True Range), to move between TRY 279.64 and TRY 300.36, which gives a possible trading interval of +/-TRY 10.36 (+/-3.57%) up or down from last closing price. If MLP Saglik Hizmetleri A.S. takes out the full calculated possible swing range there will be an estimated 7.15% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 267.00, some TRY 23.00 (7.93%) from the current price of TRY 290.00, our system finds the risk reward attractive.
Earnings coming up
MLP Saglik Hizmetleri A.S. will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for MLP Saglik Hizmetleri A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.28% in the first trading day after earnings release.
Is MLP Saglik Hizmetleri A.S. stock A Buy?
MLP Saglik Hizmetleri A.S. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 8.063 Strong Buy Candidate Upgraded
Predicted Opening Price for MLP Saglik Hizmetleri A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 288.50 ( 0.517%) | TRY 290.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MPARK.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 296.50 | 2.24 % | |
| R2 | 293.44 | 1.19 % | ||
| R1 | 291.56 | 0.537 % | ||
| Current price: | 290.00 | |||
| Support | S1 | 285.44 | -1.57 % | |
| S2 | 283.56 | -2.22 % | ||
| S3 | 280.50 | -3.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 290.00 | |||
| Support | S1 | 267.00 | -7.93% | |
| S2 | 250.00 | -13.79% | ||
| S3 | 226.10 | -22.03% |
FAQ
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