Aciselsan Acipayam Seluloz Sanayi Ve Stock Forecast
Red day on Thursday for Aciselsan Acipayam Seluloz Sanayi Ve
(Updated on May 09, 2024)
The Aciselsan Acipayam Seluloz Sanayi Ve stock price fell by -1.34% on the last day (Thursday, 9th May 2024) from TRY 157.00 to TRY 154.90. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 3.29% from a day low at TRY 154.80 to a day high of TRY 159.90. The price has fallen in 7 of the last 10 days and is down by -5.78% for this period. Volume has increased on the last day by 53 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, 198 thousand shares were bought and sold for approximately TRY 30.62 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Aciselsan Acipayam Seluloz Sanayi Ve stock with a 90% probability to be traded between TRY 144.76 and TRY 185.52 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ACSEL.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Aciselsan Acipayam Seluloz Sanayi Ve stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 162.71 and TRY 158.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -12.93%. 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.
Support, Risk & Stop-loss for Aciselsan Acipayam Seluloz Sanayi Ve stock
Aciselsan Acipayam Seluloz Sanayi Ve finds support from accumulated volume at TRY 150.00 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 5.10 between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: TRY 147.03 (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (ACSEL.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Aciselsan Acipayam Seluloz Sanayi Ve Ticaret A.S. to open at TRY 156.53, and during the day (based on 14 day Average True Range), to move between TRY 146.45 and TRY 163.35, which gives a possible trading interval of +/-TRY 8.45 (+/-5.45%) up or down from last closing price. If Aciselsan Acipayam Seluloz Sanayi Ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 10.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at TRY 150.00 (3.16%) than the resistance at TRY 170.00 (9.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aciselsan Acipayam Seluloz Sanayi Ve Ticaret A.S. stock A Buy?
Aciselsan Acipayam Seluloz Sanayi Ve holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.190 Hold/Accumulate Unchanged
Predicted Opening Price for Aciselsan Acipayam Seluloz Sanayi Ve Ticaret A.S. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 156.53 ( 1.05%) | TRY 154.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACSEL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 161.63 | 4.35 % | |
| R2 | 159.69 | 3.09 % | ||
| R1 | 158.48 | 2.31 % | ||
| Current price: | 154.90 | |||
| Support | S1 | 154.59 | -0.203 % | |
| S2 | 153.38 | -0.98 % | ||
| S3 | 151.43 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 177.90 | 14.85 % | |
| R2 | 174.90 | 12.91 % | ||
| R1 | 170.00 | 9.75 % | ||
| Current price | 154.90 | |||
| Support | S1 | 150.00 | -3.16% | |
| S2 | 145.00 | -6.39% | ||
| S3 | 140.80 | -9.10% |
FAQ
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