Ral Yatirim Holding 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
Ral Yatirim Holding A.S. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The Ral Yatirim Holding A.S. stock price gained 1.30% on the last trading day (Friday, 17th May 2024), rising from TRY 193.00 to TRY 195.50. During the last trading day the stock fluctuated 7.24% from a day low at TRY 182.30 to a day high of TRY 195.50. The price has risen in 6 of the last 10 days and is up by 2.68% 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, 180 thousand more shares were traded than the day before. In total, 958 thousand shares were bought and sold for approximately TRY 187.28 million.
The stock lies in the middle of a wide and strong 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 154.55% during the next 3 months and, with a 90% probability hold a price between TRY 483.43 and TRY 552.55 at the end of this 3-month period.
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RALYH.IS Signals & Forecast
The Ral Yatirim Holding A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 199.71. On a fall, the stock will find some support from the long-term average at approximately TRY 167.55. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 10, 2024, and so far it has fallen -5.05%. 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).
Support, Risk & Stop-loss for Ral Yatirim Holding A.S. stock
Ral Yatirim Holding A.S. finds support from accumulated volume at TRY 193.00 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 13.20 between high and low, or 7.24%. For the last week, the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: TRY 184.91 (-5.42%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (RALYH.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Ral Yatirim Holding A.S. to open at TRY 191.10, and during the day (based on 14 day Average True Range), to move between TRY 187.37 and TRY 203.63, which gives a possible trading interval of +/-TRY 8.13 (+/-4.16%) up or down from last closing price. If Ral Yatirim Holding A.S. takes out the full calculated possible swing range there will be an estimated 8.31% 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 197.30 (0.92%) than the support at TRY 193.00 (1.28%), 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 Ral Yatirim Holding A.S. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ral Yatirim Holding A.S. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.085 Buy Candidate Upgraded
Predicted Opening Price for Ral Yatirim Holding A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 191.10 ( 2.25%) | TRY 195.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RALYH.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 204.30 | 4.50 % | |
| R2 | 199.26 | 1.92 % | ||
| R1 | 196.14 | 0.329 % | ||
| Current price: | 195.50 | |||
| Support | S1 | 186.06 | -4.83 % | |
| S2 | 182.94 | -6.42 % | ||
| S3 | 177.90 | -9.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 203.00 | 3.84 % | |
| R2 | 202.50 | 3.58 % | ||
| R1 | 197.30 | 0.92 % | ||
| Current price | 195.50 | |||
| Support | S1 | 193.00 | -1.28% | |
| S2 | 187.00 | -4.35% | ||
| S3 | 146.90 | -24.86% |
FAQ
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