Seker Gayrimenkul Yatirim Ortakligi 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
Green day on Friday for Seker Gayrimenkul Yatirim Ortakligi A.S. stock after gaining 2.86%
(Updated on Jun 28, 2024)
The Seker Gayrimenkul Yatirim Ortakligi A.S. stock price gained 2.86% on the last trading day (Friday, 28th Jun 2024), rising from TRY 4.20 to TRY 4.32. During the last trading day the stock fluctuated 6.89% from a day low at TRY 4.21 to a day high of TRY 4.50. The price has risen in 6 of the last 10 days and is up by 2.13% 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, 8 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately TRY 78.39 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at TRY 4.13 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Seker Gayrimenkul Yatirim Ortakligi A.S. stock with a 90% probability to be traded between TRY 4.15 and TRY 5.88 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SEGYO.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 4.60%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Seker Gayrimenkul Yatirim Ortakligi A.S. 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 4.60. On a fall, the stock will find some support from the short-term average at TRY 4.29. 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.
Support, Risk & Stop-loss for Seker Gayrimenkul Yatirim Ortakligi A.S. stock
Seker Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 4.25 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 0.290 between high and low, or 6.89%. For the last week, the stock has had daily average volatility of 5.77%.
Our recommended stop-loss: TRY 4.10 (-5.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (SEGYO.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Seker Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 4.34, and during the day (based on 14 day Average True Range), to move between TRY 4.08 and TRY 4.56, which gives a possible trading interval of +/-TRY 0.237 (+/-5.49%) up or down from last closing price. If Seker Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 10.98% 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 4.25 (1.62%) than the resistance at TRY 4.83 (11.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Seker Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Seker Gayrimenkul Yatirim Ortakligi A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.302 Hold/Accumulate Unchanged
Predicted Opening Price for Seker Gayrimenkul Yatirim Ortakligi A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 4.34 ( 0.540%) | TRY 4.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.63 | 7.25% |
| R2 | 4.52 | 4.69% |
| R1 | 4.45 | 3.10% |
| Price | 4.32 | |
| S1 | 4.23 | -2.02% |
| S2 | 4.16 | -3.61% |
| S3 | 4.05 | -6.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.26 | 21.76% |
| R2 | 5.01 | 15.97% |
| R1 | 4.83 | 11.81% |
| Price | 4.32 | |
| S1 | 4.25 | -1.62% |
| S2 | 4.23 | -2.08% |
| S3 | 4.20 | -2.78% |
FAQ
Click here for our free guide on how to buy Seker Gayrimenkul Yatirim Ortakligi A.S. Stock.
