Sok Marketler Ticaret 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
Red day on Monday for Sok Marketler Ticaret A.S. stock after losing 0.486%
(Updated on May 06, 2024)
The Sok Marketler Ticaret A.S. stock price fell by -0.486% on the last day (Monday, 6th May 2024) from TRY 61.70 to TRY 61.40. During the last trading day the stock fluctuated 1.88% from a day low at TRY 61.05 to a day high of TRY 62.20. The price has risen in 6 of the last 10 days and is up by 8.1% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 million shares and in total, 8 million shares were bought and sold for approximately TRY 471.94 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at TRY 61.45 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -18.85% during the next 3 months and, with a 90% probability hold a price between TRY 43.88 and TRY 49.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SOKM.IS Signals & Forecast
The Sok Marketler Ticaret A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 59.15 and TRY 60.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 10.04%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Sok Marketler Ticaret A.S. stock
Sok Marketler Ticaret A.S. finds support from accumulated volume at TRY 58.75 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 1.15 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: TRY 58.85 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (SOKM.IS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Sok Marketler Ticaret A.S. to open at TRY 61.55, and during the day (based on 14 day Average True Range), to move between TRY 59.45 and TRY 63.35, which gives a possible trading interval of +/-TRY 1.95 (+/-3.18%) up or down from last closing price. If Sok Marketler Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 6.36% 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 62.80 (2.28%) than the support at TRY 58.75 (4.32%), 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 Sok Marketler Ticaret A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.076 Buy Candidate Unchanged
Predicted Opening Price for Sok Marketler Ticaret A.S. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| TRY 61.55 ( 0.244%) | TRY 61.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOKM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.70 | 2.12 % | |
| R2 | 62.26 | 1.40 % | ||
| R1 | 61.99 | 0.96 % | ||
| Current price: | 61.40 | |||
| Support | S1 | 61.11 | -0.471 % | |
| S2 | 60.84 | -0.91 % | ||
| S3 | 60.40 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.10 | 14.17 % | |
| R2 | 65.00 | 5.86 % | ||
| R1 | 62.80 | 2.28 % | ||
| Current price | 61.40 | |||
| Support | S1 | 58.75 | -4.32% | |
| S2 | 57.55 | -6.27% | ||
| S3 | 55.80 | -9.12% |
SOKM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 03, 2024 | TRY 1.69 | 2.74% |
| 2 | Aug 22, 2023 | Aug 22, 2023 | Aug 22, 2023 | TRY 0.506 | 0.95% |
| 3 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | TRY 0.130 | 1.13% |
FAQ
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