Sekuro Plastik Ambalaj Sanayi 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
On Monday, Sekuro Plastik Ambalaj Sanayi A.S. stock price gained an impressive 5.61%
(Updated on May 06, 2024)
The Sekuro Plastik Ambalaj Sanayi A.S. stock price gained 5.61% on the last trading day (Monday, 6th May 2024), rising from TRY 13.20 to TRY 13.94. 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 9.00% from a day low at TRY 13.22 to a day high of TRY 14.41. The price has risen in 6 of the last 10 days and is up by 9.42% 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, 3 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately TRY 72.07 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sekuro Plastik Ambalaj Sanayi A.S. stock with a 90% probability to be traded between TRY 10.42 and TRY 17.93 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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SEKUR.IS Signals & Forecast
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 Sekuro Plastik Ambalaj Sanayi 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 14.54. On a fall, the stock will find some support from the short-term average at TRY 13.00. 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 Monday, March 04, 2024, and so far it has fallen -22.56%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sekuro Plastik Ambalaj Sanayi A.S. stock
Sekuro Plastik Ambalaj Sanayi A.S. finds support from accumulated volume at TRY 13.48 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 1.19 between high and low, or 9.00%. For the last week, the stock has had daily average volatility of 5.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SEKUR.IS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Sekuro Plastik Ambalaj Sanayi A.S. to open at TRY 13.86, and during the day (based on 14 day Average True Range), to move between TRY 12.97 and TRY 14.91, which gives a possible trading interval of +/-TRY 0.97 (+/-6.98%) up or down from last closing price. If Sekuro Plastik Ambalaj Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 13.96% 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 13.48 (3.30%) than the resistance at TRY 15.00 (7.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sekuro Plastik Ambalaj Sanayi A.S. stock A Buy?
Sekuro Plastik Ambalaj Sanayi A.S. 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: -2.949 Sell Candidate Unchanged
Predicted Opening Price for Sekuro Plastik Ambalaj Sanayi A.S. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| TRY 13.86 ( 0.598%) | TRY 13.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEKUR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.05 | 7.94 % | |
| R2 | 14.59 | 4.68 % | ||
| R1 | 14.31 | 2.66 % | ||
| Current price: | 13.94 | |||
| Support | S1 | 13.40 | -3.86 % | |
| S2 | 13.12 | -5.87 % | ||
| S3 | 12.67 | -9.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.75 | 20.16 % | |
| R2 | 15.92 | 14.20 % | ||
| R1 | 15.00 | 7.60 % | ||
| Current price | 13.94 | |||
| Support | S1 | 13.48 | -3.30% | |
| S2 | 13.39 | -3.95% | ||
| S3 | 13.36 | -4.16% |
FAQ
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