Pinar Süt Mamülleri Sanayii 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
Pinar Süt Mamülleri Sanayii A.S. stock upgraded to Buy Candidate.
(Updated on May 06, 2024)
The Pinar Süt Mamülleri Sanayii A.S. stock price fell by -1.19% on the last day (Monday, 6th May 2024) from TRY 100.90 to TRY 99.70. During the last trading day the stock fluctuated 6.01% from a day low at TRY 99.05 to a day high of TRY 105.00. The price has risen in 6 of the last 10 days and is up by 14.8% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -137 thousand shares and in total, 991 thousand shares were bought and sold for approximately TRY 98.83 million.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at TRY 100.93 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Pinar Süt Mamülleri Sanayii A.S. stock with a 90% probability to be traded between TRY 81.88 and TRY 102.48 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PNSUT.IS Signals & Forecast
The Pinar Süt Mamülleri Sanayii A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 94.39 and TRY 87.48. 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 Friday, May 03, 2024, and so far it has fallen -1.19%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Pinar Süt Mamülleri Sanayii A.S. stock
Pinar Süt Mamülleri Sanayii A.S. finds support from accumulated volume at TRY 98.35 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 5.95 between high and low, or 6.01%. For the last week, the stock has had daily average volatility of 5.09%.
Our recommended stop-loss: TRY 95.68 (-4.03%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PNSUT.IS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Pinar Süt Mamülleri Sanayii A.S. to open at TRY 101.25, and during the day (based on 14 day Average True Range), to move between TRY 96.04 and TRY 103.36, which gives a possible trading interval of +/-TRY 3.66 (+/-3.67%) up or down from last closing price. If Pinar Süt Mamülleri Sanayii A.S. takes out the full calculated possible swing range there will be an estimated 7.35% 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 100.90 (1.20%) than the support at TRY 98.35 (1.35%), 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 Pinar Süt Mamülleri Sanayii A.S. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Pinar Süt Mamülleri Sanayii A.S. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.176 Buy Candidate Upgraded
Predicted Opening Price for Pinar Süt Mamülleri Sanayii A.S. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| TRY 101.25 ( 1.55%) | TRY 99.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PNSUT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.20 | 7.52 % | |
| R2 | 104.93 | 5.24 % | ||
| R1 | 103.52 | 3.83 % | ||
| Current price: | 99.70 | |||
| Support | S1 | 98.98 | -0.725 % | |
| S2 | 97.57 | -2.13 % | ||
| S3 | 95.30 | -4.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 100.90 | 1.20 % | ||
| Current price | 99.70 | |||
| Support | S1 | 98.35 | -1.35% | |
| S2 | 96.20 | -3.51% | ||
| S3 | 87.95 | -11.79% |
FAQ
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