Teknosa Iç ve Dis Ticaret Anonim 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
Teknosa Iç ve Dis Ticaret Anonim stock price down 1.26% on Friday
(Updated on May 03, 2024)
The Teknosa Iç ve Dis Ticaret Anonim stock price fell by -1.26% on the last day (Friday, 3rd May 2024) from TRY 41.22 to TRY 40.70. During the last trading day the stock fluctuated 2.68% from a day low at TRY 40.34 to a day high of TRY 41.42. The price has fallen in 6 of the last 10 days but is still up by 2.21% over the past 2 weeks. Volume has increased on the last day by 178 thousand 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, 4 million shares were bought and sold for approximately TRY 153.27 million.
The stock lies in the middle of a very 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 -6.07% during the next 3 months and, with a 90% probability hold a price between TRY 33.80 and TRY 47.80 at the end of this 3-month period.
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TKNSA.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 10.36%. Further rise is indicated until a new top pivot has been found. 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. The Teknosa Iç ve Dis Ticaret Anonim 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 41.62. On a fall, the stock will find some support from the short-term average at TRY 40.58. 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. 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 Teknosa Iç ve Dis Ticaret Anonim stock
Teknosa Iç ve Dis Ticaret Anonim finds support from accumulated volume at TRY 40.00 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 1.08 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 3.25%.
Our recommended stop-loss: TRY 39.04 (-4.07%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (TKNSA.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Teknosa Iç ve Dis Ticaret Anonim Sirketi to open at TRY 40.82, and during the day (based on 14 day Average True Range), to move between TRY 38.94 and TRY 42.46, which gives a possible trading interval of +/-TRY 1.76 (+/-4.31%) up or down from last closing price. If Teknosa Iç ve Dis Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 8.63% 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 40.00 (1.72%) than the resistance at TRY 44.00 (8.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Teknosa Iç ve Dis Ticaret Anonim Sirketi stock A Buy?
Teknosa Iç ve Dis Ticaret Anonim 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: 0.233 Hold/Accumulate Unchanged
Predicted Opening Price for Teknosa Iç ve Dis Ticaret Anonim Sirketi of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 40.82 ( 0.295%) | TRY 40.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKNSA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.90 | 2.95 % | |
| R2 | 41.49 | 1.93 % | ||
| R1 | 41.23 | 1.31 % | ||
| Current price: | 40.70 | |||
| Support | S1 | 40.41 | -0.719 % | |
| S2 | 40.15 | -1.35 % | ||
| S3 | 39.74 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.70 | 22.11 % | |
| R2 | 48.66 | 19.56 % | ||
| R1 | 44.00 | 8.11 % | ||
| Current price | 40.70 | |||
| Support | S1 | 40.00 | -1.72% | |
| S2 | 38.92 | -4.37% | ||
| S3 | 36.90 | -9.34% |
FAQ
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