Özerden Plastik 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
Volatile ride for Özerden Plastik Sanayi ve Ticaret A.S. stock price on Wednesday moving between TRY 52.95 and TRY 58.95
(Updated on Jul 03, 2024)
The Özerden Plastik Sanayi ve Ticaret A.S. stock price gained 9.98% on the last trading day (Wednesday, 3rd Jul 2024), rising from TRY 53.60 to TRY 58.95. During the last trading day the stock fluctuated 11.33% from a day low at TRY 52.95 to a day high of TRY 58.95. The price has been going up and down for this period, and there has been a 0.08% gain 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, 480 thousand more shares were traded than the day before. In total, 720 thousand shares were bought and sold for approximately TRY 42.45 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 -5.84% during the next 3 months and, with a 90% probability hold a price between TRY 47.75 and TRY 61.41 at the end of this 3-month period.
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OZRDN.IS Signals & Forecast
Mostly positive signals in the chart today. The Özerden Plastik Sanayi ve Ticaret A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 53.86 and TRY 56.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 15.93%. 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 Özerden Plastik Sanayi ve Ticaret A.S. stock
Özerden Plastik Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 58.40 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 6.00 between high and low, or 11.33%. For the last week, the stock has had daily average volatility of 6.88%.
Our recommended stop-loss: TRY 56.59 (-4.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (OZRDN.IS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Özerden Plastik Sanayi ve Ticaret A.S. to open at TRY 56.95, and during the day (based on 14 day Average True Range), to move between TRY 55.55 and TRY 62.35, which gives a possible trading interval of +/-TRY 3.40 (+/-5.76%) up or down from last closing price. If Özerden Plastik Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 11.53% 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 58.40 (0.93%) than the resistance at TRY 59.70 (1.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Özerden Plastik Sanayi ve Ticaret A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.670 Buy Candidate Upgraded
Predicted Opening Price for Özerden Plastik Sanayi ve Ticaret A.S. of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
TRY 56.95 ( 3.39%) | TRY 58.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OZRDN.IS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 62.95 | 6.79% |
R2 | 60.66 | 2.90% |
R1 | 59.24 | 0.495% |
Price | 58.95 | |
S1 | 54.66 | -7.28% |
S2 | 53.24 | -9.68% |
S3 | 50.95 | -13.57% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 67.10 | 13.83% |
R2 | 60.85 | 3.22% |
R1 | 59.70 | 1.27% |
Price | 58.95 | |
S1 | 58.40 | -0.93% |
S2 | 57.05 | -3.22% |
S3 | 57.00 | -3.31% |
FAQ
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