Trabzon Liman Isletmeciligi 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
Stronger technical forecast for Trabzon Liman Isletmeciligi Anonim stock price after Friday trading.
(Updated on Jun 28, 2024)
The Trabzon Liman Isletmeciligi Anonim stock price fell by -1.75% on the last day (Friday, 28th Jun 2024) from TRY 108.50 to TRY 106.60. During the last trading day the stock fluctuated 3.77% from a day low at TRY 106.20 to a day high of TRY 110.20. The price has risen in 6 of the last 10 days but is still down by -3.09% for this period. 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 -88 thousand shares and in total, 122 thousand shares were bought and sold for approximately TRY 13.03 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 -14.10% during the next 3 months and, with a 90% probability hold a price between TRY 78.70 and TRY 114.64 at the end of this 3-month period.
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TLMAN.IS Signals & Forecast
There are mixed signals in the stock today. The Trabzon Liman Isletmeciligi Anonim 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 111.54 and TRY 117.79. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.14%. 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).
Support, Risk & Stop-loss for Trabzon Liman Isletmeciligi Anonim stock
Trabzon Liman Isletmeciligi Anonim finds support from accumulated volume at TRY 105.40 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 4.00 between high and low, or 3.77%. For the last week, the stock has had daily average volatility of 6.14%.
Our recommended stop-loss: TRY 100.46 (-5.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (TLMAN.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Trabzon Liman Isletmeciligi Anonim Sirketi to open at TRY 107.67, and during the day (based on 14 day Average True Range), to move between TRY 101.41 and TRY 111.79, which gives a possible trading interval of +/-TRY 5.19 (+/-4.87%) up or down from last closing price. If Trabzon Liman Isletmeciligi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 9.74% 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 105.40 (1.13%) than the resistance at TRY 119.10 (11.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trabzon Liman Isletmeciligi Anonim Sirketi stock A Buy?
Trabzon Liman Isletmeciligi 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.521 Hold/Accumulate Upgraded
Predicted Opening Price for Trabzon Liman Isletmeciligi Anonim Sirketi of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 107.67 ( 1.00%) | TRY 106.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLMAN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 111.67 | 4.75% |
| R2 | 110.14 | 3.32% |
| R1 | 109.19 | 2.43% |
| Price | 106.60 | |
| S1 | 106.14 | -0.433% |
| S2 | 105.19 | -1.32% |
| S3 | 103.67 | -2.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 127.30 | 19.42% |
| R2 | 119.30 | 11.91% |
| R1 | 119.10 | 11.73% |
| Price | 106.60 | |
| S1 | 105.40 | -1.13% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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