Akenerji Elektrik Üretim A.S. Stock Forecast

Akenerji Elektrik Üretim A.S. stock price ended at TRY 15.27 on Friday, after losing 0.84%.
(Updated on May 31, 2024)

AKENR.IS Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Akenerji Elektrik Üretim A.S. 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 16.73 and TRY 19.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -44.79%. Further fall is indicated until a new bottom pivot has been found. 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 Akenerji Elektrik Üretim A.S. stock

Akenerji Elektrik Üretim A.S. finds support from accumulated volume at TRY 15.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 0.630 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 6.01%.

Our recommended stop-loss: TRY 14.48 (-5.16%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 35 days ago.)

Trading Expectations (AKENR.IS) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Akenerji Elektrik Üretim A.S. to open at TRY 15.41, and during the day (based on 14 day Average True Range), to move between TRY 13.71 and TRY 16.83, which gives a possible trading interval of +/-TRY 1.56 (+/-10.24%) up or down from last closing price. If Akenerji Elektrik Üretim A.S. takes out the full calculated possible swing range there will be an estimated 20.49% 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 15.00 (1.77%) than the resistance at TRY 16.35 (7.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Akenerji Elektrik Üretim A.S. stock A Buy?

Akenerji Elektrik Üretim A.S. 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: -0.241 Hold/Accumulate Unchanged

Predicted Opening Price for Akenerji Elektrik Üretim A.S. of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.