Turkiye Sinai Kalkinma Bankasi 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
Turkiye Sinai Kalkinma Bankasi A.S. stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Turkiye Sinai Kalkinma Bankasi A.S. stock price gained 4.48% on the last trading day (Friday, 17th May 2024), rising from TRY 10.27 to TRY 10.73. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.06% from a day low at TRY 10.28 to a day high of TRY 10.80. The price has risen in 7 of the last 10 days and is up by 7.52% 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, 20 million more shares were traded than the day before. In total, 38 million shares were bought and sold for approximately TRY 408.94 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 10.91 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 28.74% during the next 3 months and, with a 90% probability hold a price between TRY 12.27 and TRY 14.05 at the end of this 3-month period.
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TSKB.IS Signals & Forecast
The Turkiye Sinai Kalkinma Bankasi A.S. 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 10.22 and TRY 9.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 11.19%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Turkiye Sinai Kalkinma Bankasi A.S. stock
Turkiye Sinai Kalkinma Bankasi A.S. finds support from accumulated volume at TRY 10.25 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 0.520 between high and low, or 5.06%. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: TRY 10.24 (-4.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (TSKB.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Turkiye Sinai Kalkinma Bankasi A.S. to open at TRY 10.60, and during the day (based on 14 day Average True Range), to move between TRY 10.36 and TRY 11.10, which gives a possible trading interval of +/-TRY 0.375 (+/-3.49%) up or down from last closing price. If Turkiye Sinai Kalkinma Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 6.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 10.25, some TRY 0.480 (4.47%) from the current price of TRY 10.73, our system finds the risk reward attractive.
Is Turkiye Sinai Kalkinma Bankasi A.S. stock A Buy?
Turkiye Sinai Kalkinma Bankasi A.S. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.997 Strong Buy Candidate Upgraded
Predicted Opening Price for Turkiye Sinai Kalkinma Bankasi A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 10.60 ( 1.18%) | TRY 10.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSKB.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.12 | 3.67 % | |
| R2 | 10.92 | 1.81 % | ||
| R1 | 10.80 | 0.671 % | ||
| Current price: | 10.73 | |||
| Support | S1 | 10.40 | -3.03 % | |
| S2 | 10.28 | -4.18 % | ||
| S3 | 10.08 | -6.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 10.73 | |||
| Support | S1 | 10.25 | -4.47% | |
| S2 | 9.83 | -8.39% | ||
| S3 | 8.15 | -24.04% |
TSKB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | TRY 0.0262 | 1.90% |
| 2 | Mar 26, 2018 | Mar 26, 2018 | Mar 26, 2018 | TRY 0.0343 | 2.58% |
| 3 | Mar 27, 2017 | Mar 27, 2017 | Mar 27, 2017 | TRY 0.0293 | 2.88% |
| 4 | Mar 28, 2016 | Mar 28, 2016 | Mar 28, 2016 | TRY 0.0188 | 1.83% |
| 5 | Mar 30, 2015 | Mar 30, 2015 | Mar 30, 2015 | TRY 0.0257 | 2.38% |
FAQ
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