Yapi ve Kredi 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
Yapi ve Kredi Bankasi A.S. stock price down 2.64% on Friday
(Updated on May 10, 2024)
The Yapi ve Kredi Bankasi A.S. stock price fell by -2.64% on the last day (Friday, 10th May 2024) from TRY 31.86 to TRY 31.02. During the last trading day the stock fluctuated 4.65% from a day low at TRY 30.96 to a day high of TRY 32.40. The price has been going up and down for this period, and there has been a 3.61% gain for the last 2 weeks. Volume has increased on the last day by 6 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, 146 million shares were bought and sold for approximately TRY 4.54 billion.
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 50.66% during the next 3 months and, with a 90% probability hold a price between TRY 43.02 and TRY 50.65 at the end of this 3-month period.
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YKBNK.IS Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -3.90%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Yapi ve Kredi Bankasi A.S. 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 31.31. On a fall, the stock will find some support from the long-term average at approximately TRY 29.30. 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.
Support, Risk & Stop-loss for Yapi ve Kredi Bankasi A.S. stock
Yapi ve Kredi Bankasi A.S. finds support from accumulated volume at TRY 30.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 1.44 (4.65%) between high and low. For the last week, the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: TRY 29.77 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (YKBNK.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Yapi ve Kredi Bankasi A.S. to open at TRY 31.46, and during the day (based on 14 day Average True Range), to move between TRY 29.82 and TRY 32.22, which gives a possible trading interval of +/-TRY 1.20 (+/-3.88%) up or down from last closing price. If Yapi ve Kredi Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 7.77% 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 31.22 (0.64%) than the support at TRY 30.58 (1.42%), 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 Yapi ve Kredi Bankasi A.S. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.630 Buy Candidate Unchanged
Predicted Opening Price for Yapi ve Kredi Bankasi A.S. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
TRY 31.46 ( 1.42%) | TRY 31.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YKBNK.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.90 | 6.06 % | |
R2 | 32.35 | 4.29 % | ||
R1 | 32.01 | 3.19 % | ||
Current price: | 31.02 | |||
Support | S1 | 30.91 | -0.355 % | |
S2 | 30.57 | -1.45 % | ||
S3 | 30.02 | -3.22 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.04 | 3.29 % | |
R2 | 31.72 | 2.26 % | ||
R1 | 31.22 | 0.645 % | ||
Current price | 31.02 | |||
Support | S1 | 30.58 | -1.42% | |
S2 | 26.64 | -14.12% | ||
S3 | 25.98 | -16.25% |
YKBNK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 03, 2024 | Apr 03, 2024 | Apr 05, 2024 | TRY 1.21 | 4.00% |
2 | Mar 20, 2023 | Mar 20, 2023 | Mar 20, 2023 | TRY 0.94 | 9.11% |
3 | Apr 13, 2022 | Apr 13, 2022 | Apr 13, 2022 | TRY 0.118 | 2.35% |
4 | Apr 01, 2021 | Apr 01, 2021 | Apr 01, 2021 | TRY 0.0592 | 2.63% |
5 | Mar 30, 2015 | Mar 30, 2015 | Mar 30, 2015 | TRY 0.0593 | 2.24% |
FAQ
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