Mondi Tire Kutsan Kagit ve Ambalaj 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
Big movements in Mondi Tire Kutsan Kagit ve Ambalaj stock price on Wednesday moving 10.08% between high and low
(Updated on Jul 03, 2024)
The Mondi Tire Kutsan Kagit ve Ambalaj stock price fell by -6.79% on the last day (Wednesday, 3rd Jul 2024) from TRY 7.22 to TRY 6.73. During the last trading day the stock fluctuated 10.08% from a day low at TRY 6.65 to a day high of TRY 7.32. The price has risen in 7 of the last 10 days and is up by 8.55% 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 -49 thousand shares and in total, 6 million shares were bought and sold for approximately TRY 42.82 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.86% during the next 3 months and, with a 90% probability hold a price between TRY 5.94 and TRY 7.01 at the end of this 3-month period.
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TIRE.IS Signals & Forecast
The Mondi Tire Kutsan Kagit ve Ambalaj stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 6.74. On a fall, the stock will find some support from the long-term average at approximately TRY 6.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, July 02, 2024, and so far it has fallen -6.79%. 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 Mondi Tire Kutsan Kagit ve Ambalaj stock
Mondi Tire Kutsan Kagit ve Ambalaj finds support from accumulated volume at TRY 6.70 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 0.670 between high and low, or 10.08%. For the last week, the stock has had daily average volatility of 7.55%.
Our recommended stop-loss: TRY 6.35 (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (TIRE.IS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Mondi Tire Kutsan Kagit ve Ambalaj Sanayi A.S. to open at TRY 6.90, and during the day (based on 14 day Average True Range), to move between TRY 6.37 and TRY 7.09, which gives a possible trading interval of +/-TRY 0.358 (+/-5.32%) up or down from last closing price. If Mondi Tire Kutsan Kagit ve Ambalaj Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 10.63% 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 6.70 (0.45%) than the resistance at TRY 7.02 (4.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mondi Tire Kutsan Kagit ve Ambalaj Sanayi A.S. stock A Buy?
Mondi Tire Kutsan Kagit ve Ambalaj 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: 0.461 Hold/Accumulate Unchanged
Predicted Opening Price for Mondi Tire Kutsan Kagit ve Ambalaj Sanayi A.S. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| TRY 6.90 ( 2.53%) | TRY 6.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIRE.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.57 | 12.48% |
| R2 | 7.31 | 8.68% |
| R1 | 7.16 | 6.33% |
| Price | 6.73 | |
| S1 | 6.64 | -1.28% |
| S2 | 6.49 | -3.63% |
| S3 | 6.23 | -7.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.10 | 5.50% |
| R2 | 7.06 | 4.90% |
| R1 | 7.02 | 4.31% |
| Price | 6.73 | |
| S1 | 6.70 | -0.446% |
| S2 | 6.42 | -4.61% |
| S3 | 6.39 | -5.05% |
FAQ
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