Park Elektrik Üretim Madencilik Sanayi 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
Green day on Friday for Park Elektrik Üretim Madencilik Sanayi
(Updated on Jun 14, 2024)
The Park Elektrik Üretim Madencilik Sanayi stock price gained 0.585% on the last trading day (Friday, 14th Jun 2024), rising from TRY 23.94 to TRY 24.08. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.97% from a day low at TRY 23.68 to a day high of TRY 24.62. The price has risen in 6 of the last 10 days and is up by 0.58% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 475 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately TRY 27.76 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.80% during the next 3 months and, with a 90% probability hold a price between TRY 24.82 and TRY 32.13 at the end of this 3-month period.
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PRKME.IS Signals & Forecast
There are mixed signals in the stock today. The Park Elektrik Üretim Madencilik Sanayi stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 24.46. On a fall, the stock will find some support from the short-term average at TRY 23.51. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -13.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell 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 Park Elektrik Üretim Madencilik Sanayi stock
Park Elektrik Üretim Madencilik Sanayi finds support from accumulated volume at TRY 23.78 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 0.94 between high and low, or 3.97%. For the last week, the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRKME.IS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Park Elektrik Üretim Madencilik Sanayi ve Ticaret A.S. to open at TRY 24.13, and during the day (based on 14 day Average True Range), to move between TRY 23.17 and TRY 24.99, which gives a possible trading interval of +/-TRY 0.91 (+/-3.79%) up or down from last closing price. If Park Elektrik Üretim Madencilik Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 7.57% 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 23.78 (1.25%) than the resistance at TRY 25.18 (4.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Park Elektrik Üretim Madencilik Sanayi ve Ticaret A.S. stock A Buy?
Park Elektrik Üretim Madencilik Sanayi holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.672 Sell Candidate Unchanged
Predicted Opening Price for Park Elektrik Üretim Madencilik Sanayi ve Ticaret A.S. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| TRY 24.13 ( 0.194%) | TRY 24.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRKME.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.07 | 4.10% |
| R2 | 24.71 | 2.61% |
| R1 | 24.49 | 1.68% |
| Price | 24.08 | |
| S1 | 23.77 | -1.30% |
| S2 | 23.55 | -2.22% |
| S3 | 23.19 | -3.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.10 | 8.39% |
| R2 | 25.74 | 6.89% |
| R1 | 25.18 | 4.57% |
| Price | 24.08 | |
| S1 | 23.78 | -1.25% |
| S2 | 22.40 | -6.98% |
| S3 | 21.64 | -10.13% |
FAQ
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