Yaprak Süt ve Besi Çiftlikleri Sanayi 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
Stronger technical forecast for Yaprak Süt ve Besi Çiftlikleri Sanayi stock price after Thursday trading.
(Updated on May 09, 2024)
The Yaprak Süt ve Besi Çiftlikleri Sanayi stock price fell by -2.89% on the last day (Thursday, 9th May 2024) from TRY 450.00 to TRY 437.00. During the last trading day the stock fluctuated 4.89% from a day low at TRY 434.25 to a day high of TRY 455.50. The price has been going up and down for this period, and there has been a 2.76% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -170 thousand shares and in total, 202 thousand shares were bought and sold for approximately TRY 88.24 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 24.00% during the next 3 months and, with a 90% probability hold a price between TRY 472.25 and TRY 615.80 at the end of this 3-month period.
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YAPRK.IS Signals & Forecast
The Yaprak Süt ve Besi Çiftlikleri Sanayi 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 458.86. On a fall, the stock will find some support from the long-term average at approximately TRY 416.91. 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 Friday, May 03, 2024, and so far it has fallen -10.82%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Yaprak Süt ve Besi Çiftlikleri Sanayi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 408.75 and TRY 393.25. 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, Yaprak Süt ve Besi Çiftlikleri Sanayi finds support just below today's level at TRY 408.75. If this is broken, then the next support from accumulated volume will be at TRY 393.25 and TRY 335.75.
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 21.25 between high and low, or 4.89%. For the last week, the stock has had daily average volatility of 8.97%.
Our recommended stop-loss: TRY 411.48 (-5.84%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (YAPRK.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Yaprak Süt ve Besi Çiftlikleri Sanayi ve Ticaret A.S. to open at TRY 442.25, and during the day (based on 14 day Average True Range), to move between TRY 401.98 and TRY 472.02, which gives a possible trading interval of +/-TRY 35.02 (+/-8.01%) up or down from last closing price. If Yaprak Süt ve Besi Çiftlikleri Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 16.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 440.50 (0.80%) than the support at TRY 408.75 (6.46%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Yaprak Süt ve Besi Çiftlikleri Sanayi ve Ticaret 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 Yaprak Süt ve Besi Çiftlikleri Sanayi stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.889 Buy Candidate Upgraded
Predicted Opening Price for Yaprak Süt ve Besi Çiftlikleri Sanayi ve Ticaret A.S. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 442.25 ( 1.20%) | TRY 437.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YAPRK.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 463.50 | 6.06 % | |
| R2 | 455.38 | 4.21 % | ||
| R1 | 450.37 | 3.06 % | ||
| Current price: | 437.00 | |||
| Support | S1 | 434.13 | -0.656 % | |
| S2 | 429.12 | -1.80 % | ||
| S3 | 421.00 | -3.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 452.25 | 3.49 % | |
| R2 | 451.75 | 3.38 % | ||
| R1 | 440.50 | 0.80 % | ||
| Current price | 437.00 | |||
| Support | S1 | 408.75 | -6.46% | |
| S2 | 393.25 | -10.01% | ||
| S3 | 335.75 | -23.17% |
FAQ
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