Pegasus Hava Tasimaciligi Anonim Sirketi 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
Red day on Friday for Pegasus Hava Tasimaciligi Anonim Sirketi
(Updated on May 31, 2024)
The Pegasus Hava Tasimaciligi Anonim Sirketi stock price fell by -2.18% on the last day (Friday, 31st May 2024) from TRY 206.30 to TRY 201.80. During the last trading day the stock fluctuated 5.36% from a day low at TRY 199.80 to a day high of TRY 210.50. The price has fallen in 6 of the last 10 days and is down by -4.81% for this period. Volume has increased on the last day by 3 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, 9 million shares were bought and sold for approximately TRY 1.88 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 91.39 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -38.17% during the next 3 months and, with a 90% probability hold a price between TRY 56.51 and TRY 542.66 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PGSUS.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 0.0992%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pegasus Hava Tasimaciligi Anonim Sirketi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 208.74 and TRY 657.30. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Pegasus Hava Tasimaciligi Anonim Sirketi stock
Pegasus Hava Tasimaciligi Anonim Sirketi finds support from accumulated volume at TRY 201.60 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 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 10.70 between high and low, or 5.36%. For the last week, the stock has had daily average volatility of 3.49%.
Pegasus Hava Tasimaciligi Anonim Sirketi is oversold on RSI14 (2). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PGSUS.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Pegasus Hava Tasimaciligi Anonim Sirketi to open at TRY 204.03, and during the day (based on 14 day Average True Range), to move between TRY 163.49 and TRY 240.11, which gives a possible trading interval of +/-TRY 38.31 (+/-18.98%) up or down from last closing price. If Pegasus Hava Tasimaciligi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 37.97% 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 201.60 (0.10%) than the resistance at TRY 202.20 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pegasus Hava Tasimaciligi Anonim Sirketi stock A Buy?
Pegasus Hava Tasimaciligi Anonim Sirketi holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.174 Strong Sell Candidate Unchanged
Predicted Opening Price for Pegasus Hava Tasimaciligi Anonim Sirketi of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 204.03 ( 1.11%) | TRY 201.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PGSUS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 214.73 | 6.41 % | |
| R2 | 210.65 | 4.38 % | ||
| R1 | 208.12 | 3.13 % | ||
| Current price: | 201.80 | |||
| Support | S1 | 199.95 | -0.92 % | |
| S2 | 197.42 | -2.17 % | ||
| S3 | 193.33 | -4.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 217.50 | 7.78 % | |
| R2 | 212.00 | 5.05 % | ||
| R1 | 202.20 | 0.198 % | ||
| Current price | 201.80 | |||
| Support | S1 | 201.60 | -0.0991% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Pegasus Hava Tasimaciligi Anonim Sirketi Stock.
