Yeni Gimat Gayrimenkul Yatirim Ortakligi 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
Red day on Friday for Yeni Gimat Gayrimenkul Yatirim Ortakligi
(Updated on Jun 28, 2024)
The Yeni Gimat Gayrimenkul Yatirim Ortakligi stock price fell by -0.290% on the last day (Friday, 28th Jun 2024) from TRY 51.80 to TRY 51.65. During the last trading day the stock fluctuated 2.93% from a day low at TRY 51.25 to a day high of TRY 52.75. The price has risen in 7 of the last 10 days and is up by 15.6% over the past 2 weeks. Volume has increased on the last day by 207 thousand 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, 319 thousand shares were bought and sold for approximately TRY 16.46 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 52.76 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.16% during the next 3 months and, with a 90% probability hold a price between TRY 52.32 and TRY 60.23 at the end of this 3-month period.
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YGGYO.IS Signals & Forecast
The Yeni Gimat Gayrimenkul Yatirim Ortakligi 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 51.22 and TRY 47.92. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen -1.24%. Further fall is indicated until a new bottom pivot has been found. 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 Yeni Gimat Gayrimenkul Yatirim Ortakligi stock
Yeni Gimat Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 49.96 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 1.50 between high and low, or 2.93%. For the last week, the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: TRY 50.20 (-2.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (YGGYO.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 51.88, and during the day (based on 14 day Average True Range), to move between TRY 49.80 and TRY 53.50, which gives a possible trading interval of +/-TRY 1.85 (+/-3.58%) up or down from last closing price. If Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 7.17% 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 51.80 (0.29%) than the support at TRY 49.96 (3.27%), 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 Yeni Gimat Gayrimenkul Yatirim Ortakligi 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 Yeni Gimat Gayrimenkul Yatirim Ortakligi stock to perform well in the short-term.
Current score: 2.295 Buy Candidate Unchanged
Predicted Opening Price for Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 51.88 ( 0.452%) | TRY 51.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YGGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.38 | 3.36% |
| R2 | 52.81 | 2.25% |
| R1 | 52.46 | 1.56% |
| Price | 51.65 | |
| S1 | 51.31 | -0.658% |
| S2 | 50.96 | -1.34% |
| S3 | 50.38 | -2.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 52.30 | 1.26% |
| R1 | 51.80 | 0.290% |
| Price | 51.65 | |
| S1 | 49.96 | -3.27% |
| S2 | 45.44 | -12.02% |
| S3 | 44.04 | -14.73% |
FAQ
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