Prizma Pres Matbaacilik Yayincilik 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
Prizma Pres Matbaacilik Yayincilik stock upgraded to Sell Candidate.
(Updated on Apr 26, 2024)
The Prizma Pres Matbaacilik Yayincilik stock price gained 2.38% on the last trading day (Friday, 26th Apr 2024), rising from TRY 44.58 to TRY 45.64. During the last trading day the stock fluctuated 6.33% from a day low at TRY 43.90 to a day high of TRY 46.68. The price has fallen in 8 of the last 10 days and is down by -21.31% for this period. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately TRY 49.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 44.51 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.39% during the next 3 months and, with a 90% probability hold a price between TRY 41.66 and TRY 58.05 at the end of this 3-month period.
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PRZMA.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.38%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Prizma Pres Matbaacilik Yayincilik 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 50.02 and TRY 56.03. 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).
Support, Risk & Stop-loss for Prizma Pres Matbaacilik Yayincilik stock
Prizma Pres Matbaacilik Yayincilik finds support from accumulated volume at TRY 44.58 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 2.78 between high and low, or 6.33%. For the last week, the stock has had daily average volatility of 8.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRZMA.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Prizma Pres Matbaacilik Yayincilik Sanayi ve Ticaret Anonim Sirketi to open at TRY 45.41, and during the day (based on 14 day Average True Range), to move between TRY 41.83 and TRY 49.45, which gives a possible trading interval of +/-TRY 3.81 (+/-8.34%) up or down from last closing price. If Prizma Pres Matbaacilik Yayincilik Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 16.68% 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 44.58 (2.32%) than the resistance at TRY 54.30 (18.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Prizma Pres Matbaacilik Yayincilik Sanayi ve Ticaret Anonim Sirketi stock A Buy?
Prizma Pres Matbaacilik Yayincilik 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.264 Sell Candidate Upgraded
Predicted Opening Price for Prizma Pres Matbaacilik Yayincilik Sanayi ve Ticaret Anonim Sirketi of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 45.41 ( 0.511%) | TRY 45.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRZMA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.19 | 5.58 % | |
| R2 | 47.12 | 3.25 % | ||
| R1 | 46.47 | 1.82 % | ||
| Current price: | 45.64 | |||
| Support | S1 | 44.34 | -2.84 % | |
| S2 | 43.69 | -4.28 % | ||
| S3 | 42.63 | -6.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.30 | 23.36 % | |
| R2 | 54.70 | 19.85 % | ||
| R1 | 54.30 | 18.97 % | ||
| Current price | 45.64 | |||
| Support | S1 | 44.58 | -2.32% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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