Tümosan Motor ve Traktör Sanayi 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
Tümosan Motor ve Traktör Sanayi A.S. stock price ended at TRY 170.10 on Friday, after losing 0.584%.
(Updated on Apr 26, 2024)
The Tümosan Motor ve Traktör Sanayi A.S. stock price fell by -0.584% on the last day (Friday, 26th Apr 2024) from TRY 171.10 to TRY 170.10. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.10% from a day low at TRY 168.80 to a day high of TRY 179.10. The price has risen in 6 of the last 10 days and is up by 12.43% over the past 2 weeks. Volume has increased on the last day by 968 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 637.45 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 65.13% during the next 3 months and, with a 90% probability hold a price between TRY 245.08 and TRY 326.81 at the end of this 3-month period.
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TMSN.IS Signals & Forecast
The Tümosan Motor ve Traktör Sanayi A.S. 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 179.39. On a fall, the stock will find some support from the long-term average at approximately TRY 159.78. 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 Thursday, April 18, 2024, and so far it has fallen -11.13%. Further fall is indicated until a new bottom pivot has been found. 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 Tümosan Motor ve Traktör Sanayi A.S. stock
Tümosan Motor ve Traktör Sanayi A.S. finds support from accumulated volume at TRY 165.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 10.30 between high and low, or 6.10%. For the last week, the stock has had daily average volatility of 8.26%.
Our recommended stop-loss: TRY 161.77 (-4.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (TMSN.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Tümosan Motor ve Traktör Sanayi A.S. to open at TRY 172.67, and during the day (based on 14 day Average True Range), to move between TRY 157.06 and TRY 183.14, which gives a possible trading interval of +/-TRY 13.04 (+/-7.67%) up or down from last closing price. If Tümosan Motor ve Traktör Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 15.34% 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 165.50 (2.70%) than the resistance at TRY 174.90 (2.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tümosan Motor ve Traktör Sanayi 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 Tümosan Motor ve Traktör Sanayi A.S. stock to perform well in the short-term.
Current score: 2.281 Buy Candidate Unchanged
Predicted Opening Price for Tümosan Motor ve Traktör Sanayi A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 172.67 ( 1.51%) | TRY 170.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TMSN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 182.97 | 7.56 % | |
| R2 | 179.03 | 5.25 % | ||
| R1 | 176.60 | 3.82 % | ||
| Current price: | 170.10 | |||
| Support | S1 | 168.73 | -0.80 % | |
| S2 | 166.30 | -2.23 % | ||
| S3 | 162.37 | -4.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191.40 | 12.52 % | |
| R2 | 182.00 | 7.00 % | ||
| R1 | 174.90 | 2.82 % | ||
| Current price | 170.10 | |||
| Support | S1 | 165.50 | -2.70% | |
| S2 | 149.00 | -12.40% | ||
| S3 | 144.00 | -15.34% |
FAQ
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