TURKIYE GARANTI BANKASI A.S. TKGBY - Weekly - Technical analysis published on 01/29/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.02 USD
My targets
1.36 USD (+7.09%)
1.53 USD (+20.71%)
My analysis
The strong short-term increase in TURKIYE GARANTI BANKASI A.S. TKGBY calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1.02 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1.36 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.53 USD as an objective. Crossing it would then enable buyers to target 1.74 USD. Caution, a return under 1.02 USD could jeopardize the reversal.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
1.8
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Additional analysis
Quotes
The TURKIYE GARANTI BANKASI A.S. TKGBY price is 1.27 USD. The price is lower by -1.55% over the 5 days with the lowest point at 1.20 USD and the highest point at 1.34 USD. The deviation from the price is +5.83% for the low point and -4.87% for the high point.1.20
1.34
1.27
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this TURKIYE GARANTI BANKASI A.S. TKGBY chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.88 | 1.27 | 1.36 | 1.74 | 2.03 |
| Change (%) | -30.71% | - | +7.09% | +37.01% | +59.84% |
| Change | -0.39 | - | +0.09 | +0.47 | +0.76 |
| Level | Major | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.08 | 1.14 | 1.19 | 1.25 | 1.30 | 1.36 | 1.41 |
| Camarilla | 1.21 | 1.22 | 1.23 | 1.24 | 1.25 | 1.26 | 1.27 |
| Woodie | 1.07 | 1.14 | 1.18 | 1.25 | 1.29 | 1.36 | 1.40 |
| Fibonacci | 1.14 | 1.18 | 1.21 | 1.25 | 1.29 | 1.32 | 1.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.05 | 1.14 | 1.22 | 1.31 | 1.39 | 1.48 | 1.56 |
| Camarilla | 1.24 | 1.26 | 1.27 | 1.29 | 1.31 | 1.32 | 1.34 |
| Woodie | 1.04 | 1.14 | 1.21 | 1.31 | 1.38 | 1.48 | 1.55 |
| Fibonacci | 1.14 | 1.21 | 1.25 | 1.31 | 1.38 | 1.42 | 1.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.91 | 1.02 | 1.22 | 1.33 | 1.53 | 1.64 | 1.84 |
| Camarilla | 1.35 | 1.37 | 1.40 | 1.43 | 1.46 | 1.49 | 1.52 |
| Woodie | 0.97 | 1.04 | 1.28 | 1.35 | 1.59 | 1.66 | 1.90 |
| Fibonacci | 1.02 | 1.14 | 1.21 | 1.33 | 1.45 | 1.52 | 1.64 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.30 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 8.06 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.12 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.04 | |
| Zig ZAG (10): | 1.27 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 76.20 | |
| TEMA (21): | 1.40 | |
| Williams %R (14): | -30.42 | |
| Chande Momentum Oscillator (20): | 0.44 | |
| Repulse (5,40,3): | 4.8700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5800 | |
| Courbe Coppock: | 105.09 |
| MA7: | 1.28 | |
| MA20: | 1.37 | |
| MA50: | 1.27 | |
| MA100: | 1.08 | |
| MAexp7: | 1.31 | |
| MAexp20: | 1.20 | |
| MAexp50: | 1.21 | |
| MAexp100: | 1.36 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | -7.30% | |
| Price / MA50: | -0% | |
| Price / MA100: | +17.59% | |
| Price / MAexp7: | -3.05% | |
| Price / MAexp20: | +5.83% | |
| Price / MAexp50: | +4.96% | |
| Price / MAexp100: | -6.62% |
Quotes :
2021-01-29 16:23:53
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15 min delayed data
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NASDAQ OTCBB
News
The last news published on TURKIYE GARANTI BANKASI A.S. TKGBY at the time of the generation of this analysis was as follows:
- Turkiye Garanti Bankasi A.S.: Coupon Rate of Bank Bonds to Qualified Investors
- Turkiye Garanti Bankasi A.S.: Coupon Payment of Bank Bonds to Qualified Investors
- Turkiye Garanti Bankasi A.S.: Turkiye Garanti Bankasi A.S.: BRSA Unconsolidated Earnings Presentation dated 31 December 2020
- Turkiye Garanti Bankasi A.S.: BRSA Consolidated Earnings Presentation dated 31 December 2020
- Turkiye Garanti Bankasi A.S.: Coupon payment of Bank Bonds to Qualified Investors
This member declared not having a position on this financial instrument or a related financial instrument.
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