Turk Ilac Ve Serum Sanayi Anonim Sirketi 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
Strong day for Turk Ilac Ve Serum Sanayi Anonim Sirketi stock price on Friday rising 8.42% to TRY 35.78
(Updated on May 17, 2024)
The Turk Ilac Ve Serum Sanayi Anonim Sirketi stock price gained 8.42% on the last trading day (Friday, 17th May 2024), rising from TRY 33.00 to TRY 35.78. During the last trading day the stock fluctuated 8.35% from a day low at TRY 33.04 to a day high of TRY 35.80. The price has risen in 9 of the last 10 days and is up by 44.86% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 25 million shares were bought and sold for approximately TRY 883.72 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at TRY 30.43, a level that may pose a second chance to hit a runner.
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TRILC.IS Signals & Forecast
The Turk Ilac Ve Serum Sanayi Anonim Sirketi stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 30.87 and TRY 22.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 108.87%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Wednesday, March 06, 2024 with a target of TRY 13.02. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Turk Ilac Ve Serum Sanayi Anonim Sirketi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 31.02 and TRY 29.62. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Turk Ilac Ve Serum Sanayi Anonim Sirketi finds support just below today's level at TRY 31.02. If this is broken, then the next support from accumulated volume will be at TRY 29.62 and TRY 28.24.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 2.76 between high and low, or 8.35%. For the last week, the stock has had daily average volatility of 6.41%.
The Turk Ilac Ve Serum Sanayi Anonim Sirketi stock is extremely overbought on RSI14 (95). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: TRY 34.67 (-3.10%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (TRILC.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Turk Ilac Ve Serum Sanayi Anonim Sirketi to open at TRY 34.87, and during the day (based on 14 day Average True Range), to move between TRY 34.40 and TRY 37.16, which gives a possible trading interval of +/-TRY 1.38 (+/-3.86%) up or down from last closing price. If Turk Ilac Ve Serum Sanayi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 7.72% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 31.02, some TRY 4.76 (13.30%) from the current price of TRY 35.78, our system finds the risk reward attractive.
Is Turk Ilac Ve Serum Sanayi Anonim Sirketi stock A Buy?
Turk Ilac Ve Serum Sanayi Anonim Sirketi 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Turk Ilac Ve Serum Sanayi Anonim Sirketi of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 34.87 ( 2.53%) | TRY 35.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRILC.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.63 | 5.18 % | |
| R2 | 36.58 | 2.23 % | ||
| R1 | 35.93 | 0.413 % | ||
| Current price: | 35.78 | |||
| Support | S1 | 33.82 | -5.48 % | |
| S2 | 33.17 | -7.30 % | ||
| S3 | 32.11 | -10.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 35.78 | |||
| Support | S1 | 31.02 | -13.30% | |
| S2 | 29.62 | -17.22% | ||
| S3 | 28.24 | -21.07% |
FAQ
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