Ostim Endüstriyel Yatirimlar ve Isletme 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
Ostim Endüstriyel Yatirimlar ve Isletme stock price up 0.643% on Thursday
(Updated on May 09, 2024)
The Ostim Endüstriyel Yatirimlar ve Isletme stock price gained 0.643% on the last trading day (Thursday, 9th May 2024), rising from TRY 6.22 to TRY 6.26. During the last trading day the stock fluctuated 2.60% from a day low at TRY 6.15 to a day high of TRY 6.31. The price has been going up and down for this period, and there has been a 1.29% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately TRY 24.53 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 lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at TRY 6.54 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -26.95% during the next 3 months and, with a 90% probability hold a price between TRY 3.31 and TRY 4.78 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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OSTIM.IS Signals & Forecast
The Ostim Endüstriyel Yatirimlar ve Isletme 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 6.36. On a fall, the stock will find some support from the long-term average at approximately TRY 6.06. 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 Wednesday, April 03, 2024, and so far it has risen 15.71%. 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 Ostim Endüstriyel Yatirimlar ve Isletme stock
Ostim Endüstriyel Yatirimlar ve Isletme finds support from accumulated volume at TRY 6.19 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 0.160 between high and low, or 2.60%. For the last week, the stock has had daily average volatility of 5.10%.
Our recommended stop-loss: TRY 5.95 (-4.99%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (OSTIM.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Ostim Endüstriyel Yatirimlar ve Isletme A.S. to open at TRY 6.24, and during the day (based on 14 day Average True Range), to move between TRY 5.94 and TRY 6.58, which gives a possible trading interval of +/-TRY 0.316 (+/-5.05%) up or down from last closing price. If Ostim Endüstriyel Yatirimlar ve Isletme A.S. takes out the full calculated possible swing range there will be an estimated 10.10% 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 6.19 (1.12%) than the resistance at TRY 6.51 (3.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ostim Endüstriyel Yatirimlar ve Isletme A.S. stock A Buy?
Ostim Endüstriyel Yatirimlar ve Isletme 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.
Current score: 0.054 Hold/Accumulate Unchanged
Predicted Opening Price for Ostim Endüstriyel Yatirimlar ve Isletme A.S. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 6.24 ( 0.319%) | TRY 6.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OSTIM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.40 | 2.24 % | |
| R2 | 6.34 | 1.26 % | ||
| R1 | 6.30 | 0.657 % | ||
| Current price: | 6.26 | |||
| Support | S1 | 6.18 | -1.30 % | |
| S2 | 6.14 | -1.90 % | ||
| S3 | 6.08 | -2.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.80 | 8.63 % | |
| R2 | 6.71 | 7.19 % | ||
| R1 | 6.51 | 3.99 % | ||
| Current price | 6.26 | |||
| Support | S1 | 6.19 | -1.12% | |
| S2 | 6.08 | -2.88% | ||
| S3 | 5.79 | -7.51% |
FAQ
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