Türk Tuborg Bira ve Malt Sanayii 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
Stronger technical forecast for Türk Tuborg Bira ve Malt Sanayii A.S. stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The Türk Tuborg Bira ve Malt Sanayii A.S. stock price fell by -0.88% on the last day (Tuesday, 30th Apr 2024) from TRY 96.75 to TRY 95.90. During the last trading day the stock fluctuated 0.419% from a day low at TRY 95.50 to a day high of TRY 95.90. The price has risen in 6 of the last 10 days and is up by 8.36% 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 -23 thousand shares and in total, 45 thousand shares were bought and sold for approximately TRY 4.32 million.
The stock lies in the upper part of a wide and weak rising 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 96.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.60% during the next 3 months and, with a 90% probability hold a price between TRY 91.50 and TRY 106.19 at the end of this 3-month period.
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TBORG.IS Signals & Forecast
The Türk Tuborg Bira ve Malt Sanayii A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 92.71 and TRY 87.90. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, April 29, 2024, and so far it has fallen -0.88%. Further fall is indicated until a new bottom pivot has been found. 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 Türk Tuborg Bira ve Malt Sanayii A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 88.00 and TRY 86.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Türk Tuborg Bira ve Malt Sanayii A.S. finds support just below today's level at TRY 88.00. If this is broken, then the next support from accumulated volume will be at TRY 86.00 and TRY 85.00.
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 0.400 between high and low, or 0.419%. For the last week, the stock has had daily average volatility of 0.392%.
Our recommended stop-loss: TRY 92.13 (-3.93%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TBORG.IS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Türk Tuborg Bira ve Malt Sanayii A.S. to open at TRY 95.77, and during the day (based on 14 day Average True Range), to move between TRY 93.93 and TRY 97.87, which gives a possible trading interval of +/-TRY 1.97 (+/-2.06%) up or down from last closing price. If Türk Tuborg Bira ve Malt Sanayii A.S. takes out the full calculated possible swing range there will be an estimated 4.11% 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 96.10 (0.21%) than the support at TRY 88.00 (8.24%), 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 Türk Tuborg Bira ve Malt Sanayii 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 Türk Tuborg Bira ve Malt Sanayii 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: 3.619 Buy Candidate Upgraded
Predicted Opening Price for Türk Tuborg Bira ve Malt Sanayii A.S. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| TRY 95.77 ( 0.139%) | TRY 95.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TBORG.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.17 | 0.278 % | |
| R2 | 96.01 | 0.119 % | ||
| R1 | 95.92 | 0.0203 % | ||
| Current price: | 95.90 | |||
| Support | S1 | 95.61 | -0.298 % | |
| S2 | 95.52 | -0.397 % | ||
| S3 | 95.37 | -0.556 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 96.75 | 0.89 % | ||
| R1 | 96.10 | 0.209 % | ||
| Current price | 95.90 | |||
| Support | S1 | 88.00 | -8.24% | |
| S2 | 86.00 | -10.32% | ||
| S3 | 85.00 | -11.37% |
FAQ
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