Aciselsan Acipayam Seluloz Sanayi Ve Stock Forecast
Green day on Friday for Aciselsan Acipayam Seluloz Sanayi Ve
(Updated on May 31, 2024)
The Aciselsan Acipayam Seluloz Sanayi Ve stock price gained 0.138% on the last trading day (Friday, 31st May 2024), rising from TRY 145.00 to TRY 145.20. During the last trading day the stock fluctuated 2.01% from a day low at TRY 144.10 to a day high of TRY 147.00. The price has fallen in 6 of the last 10 days and is down by -6.32% for this period. Volume fell on the last day by -99 thousand shares and in total, 86 thousand shares were bought and sold for approximately TRY 12.50 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.66% during the next 3 months and, with a 90% probability hold a price between TRY 119.73 and TRY 156.94 at the end of this 3-month period.
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ACSEL.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 147.87 and TRY 157.56. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Aciselsan Acipayam Seluloz Sanayi Ve stock
Aciselsan Acipayam Seluloz Sanayi Ve finds support from accumulated volume at TRY 145.10 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 2.90 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACSEL.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Aciselsan Acipayam Seluloz Sanayi Ve Ticaret A.S. to open at TRY 145.43, and during the day (based on 14 day Average True Range), to move between TRY 139.41 and TRY 150.99, which gives a possible trading interval of +/-TRY 5.79 (+/-3.99%) 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 7.98% 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 145.10 (0.07%) than the resistance at TRY 165.60 (14.05%), 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 is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.769 Sell Candidate Unchanged
Predicted Opening Price for Aciselsan Acipayam Seluloz Sanayi Ve Ticaret A.S. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 145.43 ( 0.161%) | TRY 145.20 |
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 | 148.33 | 2.16 % | |
| R2 | 147.23 | 1.39 % | ||
| R1 | 146.54 | 0.92 % | ||
| Current price: | 145.20 | |||
| Support | S1 | 144.33 | -0.602 % | |
| S2 | 143.64 | -1.07 % | ||
| S3 | 142.53 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 177.90 | 22.52 % | |
| R2 | 170.00 | 17.08 % | ||
| R1 | 165.60 | 14.05 % | ||
| Current price | 145.20 | |||
| Support | S1 | 145.10 | -0.0689% | |
| S2 | 145.00 | -0.138% | ||
| S3 | 141.30 | -2.69% |
FAQ
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