TURKIYE GARANTI BANKASI A.S. TKGBY
TURKIYE GARANTI BANKASI A.S. TKGBY
- USD (-)
- 15 min delayed data - NASDAQ OTCBB
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: TKGBY
ISIN:

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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This analysis was given by savas. Take part yourself by sharing additional analysis on another time unit:
Daily

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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


S1PriceR1R2R3
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
Standard1.081.141.191.251.301.361.41
Camarilla1.211.221.231.241.251.261.27
Woodie1.071.141.181.251.291.361.40
Fibonacci1.141.181.211.251.291.321.36


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.051.141.221.311.391.481.56
Camarilla1.241.261.271.291.311.321.34
Woodie1.041.141.211.311.381.481.55
Fibonacci1.141.211.251.311.381.421.48


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.911.021.221.331.531.641.84
Camarilla1.351.371.401.431.461.491.52
Woodie0.971.041.281.351.591.661.90
Fibonacci1.021.141.211.331.451.521.64

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 - 15 min delayed data - NASDAQ OTCBB

This member declared not having a position on this financial instrument or a related financial instrument.

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