Anel Elektrik Proje Taahhüt ve Ticaret Stock Forecast

Red day on Thursday for Anel Elektrik Proje Taahhüt ve Ticaret stock after losing 2.64%
(Updated on May 02, 2024)

ANELE.IS Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -6.77%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Anel Elektrik Proje Taahhüt ve Ticaret stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 20.95. On a fall, the stock will find some support from the long-term average at approximately TRY 18.92. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Anel Elektrik Proje Taahhüt ve Ticaret stock

Anel Elektrik Proje Taahhüt ve Ticaret finds support from accumulated volume at TRY 20.14 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 0.780 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 7.40%.

Our recommended stop-loss: TRY 19.77 (-4.29%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (ANELE.IS) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi to open at TRY 20.84, and during the day (based on 14 day Average True Range), to move between TRY 19.39 and TRY 21.93, which gives a possible trading interval of +/-TRY 1.27 (+/-6.17%) up or down from last closing price. If Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 12.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at TRY 21.02 (1.74%) than the support at TRY 20.14 (2.52%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.621 Buy Candidate Unchanged

Predicted Opening Price for Anel Elektrik Proje Taahhüt ve Ticaret Anonim Sirketi of Friday, May 3, 2024

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