Nurol Gayrimenkul Yatirim Ortakligi 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
Stronger technical forecast for Nurol Gayrimenkul Yatirim Ortakligi A.S. stock price after Friday trading.
(Updated on May 03, 2024)
The Nurol Gayrimenkul Yatirim Ortakligi A.S. stock price fell by -0.267% on the last day (Friday, 3rd May 2024) from TRY 7.48 to TRY 7.46. During the last trading day the stock fluctuated 2.57% from a day low at TRY 7.40 to a day high of TRY 7.59. The price has been going up and down for this period, and there has been a 8.12% gain for the last 2 weeks. Volume has increased on the last day by 464 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately TRY 24.07 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 -3.24% during the next 3 months and, with a 90% probability hold a price between TRY 6.06 and TRY 7.68 at the end of this 3-month period.
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NUGYO.IS Signals & Forecast
The Nurol Gayrimenkul Yatirim Ortakligi 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 7.60. On a fall, the stock will find some support from the long-term average at approximately TRY 7.07. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.95%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Nurol Gayrimenkul Yatirim Ortakligi A.S. stock
Nurol Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 7.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.190 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 3.43%.
Our recommended stop-loss: TRY 7.12 (-4.50%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (NUGYO.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Nurol Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 7.48, and during the day (based on 14 day Average True Range), to move between TRY 7.18 and TRY 7.74, which gives a possible trading interval of +/-TRY 0.281 (+/-3.77%) up or down from last closing price. If Nurol Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 7.54% 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 7.45 (0.13%) than the resistance at TRY 7.60 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nurol Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Nurol Gayrimenkul Yatirim Ortakligi A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.303 Hold/Accumulate Upgraded
Predicted Opening Price for Nurol Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
TRY 7.48 ( 0.313%) | TRY 7.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUGYO.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.67 | 2.86 % | |
R2 | 7.60 | 1.89 % | ||
R1 | 7.56 | 1.29 % | ||
Current price: | 7.46 | |||
Support | S1 | 7.41 | -0.660 % | |
S2 | 7.37 | -1.26 % | ||
S3 | 7.29 | -2.23 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.96 | 6.70 % | |
R2 | 7.78 | 4.29 % | ||
R1 | 7.60 | 1.88 % | ||
Current price | 7.46 | |||
Support | S1 | 7.45 | -0.134% | |
S2 | 7.18 | -3.75% | ||
S3 | 6.88 | -7.77% |
FAQ
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