TSKB Gayrimenkul Yatirim Ortakligi 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
Volatile ride for TSKB Gayrimenkul Yatirim Ortakligi A.S stock price on Friday moving between TRY 11.01 and TRY 12.33
(Updated on Apr 26, 2024)
The TSKB Gayrimenkul Yatirim Ortakligi A.S stock price fell by -9.98% on the last day (Friday, 26th Apr 2024) from TRY 12.23 to TRY 11.01. During the last trading day the stock fluctuated 11.99% from a day low at TRY 11.01 to a day high of TRY 12.33. The price has risen in 5 of the last 10 days but is still down by -8.93% for this period. Volume has increased on the last day by 10 million 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, 13 million shares were bought and sold for approximately TRY 138.07 million.
Given the current short-term trend, the stock is expected to rise 122.29% during the next 3 months and, with a 90% probability hold a price between TRY 24.47 and TRY 29.89 at the end of this 3-month period.
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TSGYO.IS Signals & Forecast
There are few to no technical positive signals at the moment. The TSKB Gayrimenkul Yatirim Ortakligi A.S stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 12.13 and TRY 11.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -11.92%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 TSKB Gayrimenkul Yatirim Ortakligi A.S stock
TSKB Gayrimenkul Yatirim Ortakligi A.S finds support from accumulated volume at TRY 10.70 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 1.32 between high and low, or 11.99%. For the last week, the stock has had daily average volatility of 5.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TSGYO.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect TSKB Gayrimenkul Yatirim Ortakligi A.S to open at TRY 11.45, and during the day (based on 14 day Average True Range), to move between TRY 10.48 and TRY 11.54, which gives a possible trading interval of +/-TRY 0.525 (+/-4.77%) up or down from last closing price. If TSKB Gayrimenkul Yatirim Ortakligi A.S takes out the full calculated possible swing range there will be an estimated 9.54% 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 10.70 (2.82%) than the resistance at TRY 12.21 (10.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TSKB Gayrimenkul Yatirim Ortakligi A.S stock A Buy?
The TSKB Gayrimenkul Yatirim Ortakligi A.S stock holds several negative signals and despite the positive trend, we believe TSKB Gayrimenkul Yatirim Ortakligi A.S will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.463 Sell Candidate Downgraded
Predicted Opening Price for TSKB Gayrimenkul Yatirim Ortakligi A.S of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 11.45 ( 4.00%) | TRY 11.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.77 | 15.99 % | |
| R2 | 12.27 | 11.41 % | ||
| R1 | 11.95 | 8.58 % | ||
| Current price: | 11.01 | |||
| Support | S1 | 10.95 | -0.583 % | |
| S2 | 10.63 | -3.41 % | ||
| S3 | 10.13 | -7.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.50 | 13.53 % | |
| R2 | 12.33 | 11.99 % | ||
| R1 | 12.21 | 10.90 % | ||
| Current price | 11.01 | |||
| Support | S1 | 10.70 | -2.82% | |
| S2 | 9.55 | -13.26% | ||
| S3 | 8.99 | -18.35% |
FAQ
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