Peker Gayrimenkul Yatirim Ortakligi 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 Peker Gayrimenkul Yatirim Ortakligi stock price on Thursday moving between TRY 10.58 and TRY 12.68
(Updated on May 16, 2024)
The Peker Gayrimenkul Yatirim Ortakligi stock price fell by -9.96% on the last day (Thursday, 16th May 2024) from TRY 11.75 to TRY 10.58. During the last trading day the stock fluctuated 19.85% from a day low at TRY 10.58 to a day high of TRY 12.68. The price has risen in 6 of the last 10 days and is up by 30.14% over the past 2 weeks. Volume has increased on the last day by 76 million 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, 160 million shares were bought and sold for approximately TRY 1.69 billion.
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 11.22 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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PEKGY.IS Signals & Forecast
The Peker Gayrimenkul Yatirim Ortakligi 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 9.69 and TRY 9.77. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -9.96%. Further fall is indicated until a new bottom pivot has been found. 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 Peker Gayrimenkul Yatirim Ortakligi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 8.95 and TRY 8.63. 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, Peker Gayrimenkul Yatirim Ortakligi finds support just below today's level at TRY 8.95. If this is broken, then the next support from accumulated volume will be at TRY 8.63 and TRY 8.13.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 2.10 between high and low, or 19.85%. For the last week, the stock has had daily average volatility of 11.97%.
Our recommended stop-loss: TRY 10.09 (-4.64%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PEKGY.IS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi to open at TRY 11.28, and during the day (based on 14 day Average True Range), to move between TRY 9.65 and TRY 11.51, which gives a possible trading interval of +/-TRY 0.93 (+/-8.79%) up or down from last closing price. If Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 17.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 10.69 (1.04%) than the support at TRY 8.95 (15.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi stock A Buy?
Peker Gayrimenkul Yatirim Ortakligi 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: -0.982 Hold/Accumulate Unchanged
Predicted Opening Price for Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| TRY 11.28 ( 6.62%) | TRY 10.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEKGY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.38 | 26.47 % | |
| R2 | 12.58 | 18.88 % | ||
| R1 | 12.08 | 14.20 % | ||
| Current price: | 10.58 | |||
| Support | S1 | 10.48 | -0.97 % | |
| S2 | 9.98 | -5.65 % | ||
| S3 | 9.18 | -13.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.58 | 18.90 % | |
| R2 | 11.44 | 8.13 % | ||
| R1 | 10.69 | 1.04 % | ||
| Current price | 10.58 | |||
| Support | S1 | 8.95 | -15.41% | |
| S2 | 8.63 | -18.43% | ||
| S3 | 8.13 | -23.16% |
FAQ
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