Ülker Bisküvi 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
Ülker Bisküvi Sanayi A.S. stock upgraded from Hold/Accumulate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Ülker Bisküvi Sanayi A.S. stock price gained 4.82% on the last trading day (Tuesday, 2nd Jul 2024), rising from TRY 166.00 to TRY 174.00. During the last trading day the stock fluctuated 5.33% from a day low at TRY 165.20 to a day high of TRY 174.00. The price has risen in 7 of the last 10 days and is up by 12.55% over the past 2 weeks. Volume fell on the last day by -428 thousand shares and in total, 6 million shares were bought and sold for approximately TRY 1.11 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 64.79% during the next 3 months and, with a 90% probability hold a price between TRY 264.71 and TRY 298.21 at the end of this 3-month period.
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ULKER.IS Signals & Forecast
The Ülker Bisküvi Sanayi 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 167.60 and TRY 147.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 7.41%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Ülker Bisküvi Sanayi A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 160.90 and TRY 138.30. 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, Ülker Bisküvi Sanayi A.S. finds support just below today's level at TRY 160.90. If this is broken, then the next support from accumulated volume will be at TRY 138.30 and TRY 137.00.
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 8.80 between high and low, or 5.33%. For the last week, the stock has had daily average volatility of 4.57%.
Our recommended stop-loss: TRY 167.94 (-3.48%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ULKER.IS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ülker Bisküvi Sanayi A.S. to open at TRY 171.07, and during the day (based on 14 day Average True Range), to move between TRY 166.76 and TRY 181.24, which gives a possible trading interval of +/-TRY 7.24 (+/-4.16%) up or down from last closing price. If Ülker Bisküvi Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 8.32% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 160.90, some TRY 13.10 (7.53%) from the current price of TRY 174.00, our system finds the risk reward attractive.
Is Ülker Bisküvi Sanayi A.S. stock A Buy?
Ülker Bisküvi Sanayi 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 Hold/Accumulate to a Strong Buy candidate.
Current score: 6.891 Strong Buy Candidate Upgraded
Predicted Opening Price for Ülker Bisküvi Sanayi A.S. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| TRY 171.07 ( 1.69%) | TRY 174.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ULKER.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 179.87 | 3.37% |
| R2 | 176.51 | 1.44% |
| R1 | 174.43 | 0.246% |
| Price | 174.00 | |
| S1 | 167.71 | -3.62% |
| S2 | 165.63 | -4.81% |
| S3 | 162.27 | -6.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 174.00 | |
| S1 | 160.90 | -7.53% |
| S2 | 138.30 | -20.52% |
| S3 | 137.00 | -21.26% |
ULKER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 25, 2021 | May 25, 2021 | May 25, 2021 | TRY 0.81 | 3.81% |
| 2 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | TRY 0.395 | 1.63% |
| 3 | Dec 19, 2018 | Dec 19, 2018 | Dec 19, 2018 | TRY 0.257 | 1.69% |
| 4 | Apr 12, 2017 | Apr 12, 2017 | Apr 12, 2017 | TRY 0.187 | 1.05% |
| 5 | Apr 05, 2016 | Apr 05, 2016 | Apr 05, 2016 | TRY 0.275 | 1.36% |
FAQ
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