Tetamat Gida Yatirimlari 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
Tetamat Gida Yatirimlari A.S. stock price down 4.20% on Tuesday
(Updated on May 14, 2024)
The Tetamat Gida Yatirimlari A.S. stock price fell by -4.20% on the last day (Tuesday, 14th May 2024) from TRY 11,680.00 to TRY 11,190.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.13% from a day low at TRY 11,110.00 to a day high of TRY 11,680.00. The price has fallen in 7 of the last 10 days and is down by -5.19% for this period. Volume has increased on the last day by 998 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately TRY 26.57 million.
The stock lies in the middle of a very 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 13.75% during the next 3 months and, with a 90% probability hold a price between TRY 9,756.99 and TRY 19,662.67 at the end of this 3-month period.
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TETMT.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Tetamat Gida Yatirimlari A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 11,967.86 and TRY 12,338.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -28.73%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Tetamat Gida Yatirimlari A.S. stock
Tetamat Gida Yatirimlari A.S. finds support from accumulated volume at TRY 10,872.50 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 570.00 between high and low, or 5.13%. For the last week, the stock has had daily average volatility of 5.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TETMT.IS) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Tetamat Gida Yatirimlari A.S. to open at TRY 11,326.67, and during the day (based on 14 day Average True Range), to move between TRY 10,356.16 and TRY 12,023.84, which gives a possible trading interval of +/-TRY 833.84 (+/-7.45%) up or down from last closing price. If Tetamat Gida Yatirimlari A.S. takes out the full calculated possible swing range there will be an estimated 14.90% 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 10,872.50 (2.84%) than the resistance at TRY 11,952.50 (6.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tetamat Gida Yatirimlari A.S. stock A Buy?
The Tetamat Gida Yatirimlari A.S. stock holds several negative signals and despite the positive trend, we believe Tetamat Gida Yatirimlari A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.569 Sell Candidate Unchanged
Predicted Opening Price for Tetamat Gida Yatirimlari A.S. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| TRY 11,326.67 ( 1.22%) | TRY 11,190.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TETMT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,896.67 | 6.32 % | |
| R2 | 11,678.93 | 4.37 % | ||
| R1 | 11,544.41 | 3.17 % | ||
| Current price: | 11,190.00 | |||
| Support | S1 | 11,108.93 | -0.725 % | |
| S2 | 10,974.41 | -1.93 % | ||
| S3 | 10,756.67 | -3.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13,502.50 | 20.67 % | |
| R2 | 13,147.50 | 17.49 % | ||
| R1 | 11,952.50 | 6.81 % | ||
| Current price | 11,190.00 | |||
| Support | S1 | 10,872.50 | -2.84% | |
| S2 | 10,700.00 | -4.38% | ||
| S3 | 8,952.50 | -20.00% |
FAQ
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