Anatolia Tani ve Biyoteknoloji Stock Forecast
Anatolia Tani ve Biyoteknoloji stock price ended at TRY 13.19 on Friday, after gaining 0.228%.
(Updated on May 17, 2024)
The Anatolia Tani ve Biyoteknoloji stock price gained 0.228% on the last trading day (Friday, 17th May 2024), rising from TRY 13.16 to TRY 13.19. During the last trading day the stock fluctuated 1.07% from a day low at TRY 13.12 to a day high of TRY 13.26. The price has been going up and down for this period, and there has been a -7.18% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 452 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately TRY 25.44 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Anatolia Tani ve Biyoteknoloji stock with a 90% probability to be traded between TRY 12.22 and TRY 14.47 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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ANGEN.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.77%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Anatolia Tani ve Biyoteknoloji 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 13.32 and TRY 13.35. 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 Anatolia Tani ve Biyoteknoloji stock
Anatolia Tani ve Biyoteknoloji finds support from accumulated volume at TRY 13.12 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 0.140 between high and low, or 1.07%. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: TRY 12.44 (-5.65%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ANGEN.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Anatolia Tani ve Biyoteknoloji Ürünleri Ar-Ge Sanayi Ticaret A.S. to open at TRY 13.19, and during the day (based on 14 day Average True Range), to move between TRY 12.74 and TRY 13.64, which gives a possible trading interval of +/-TRY 0.450 (+/-3.41%) up or down from last closing price. If Anatolia Tani ve Biyoteknoloji Ürünleri Ar-Ge Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 6.82% 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 13.12 (0.53%) than the resistance at TRY 13.94 (5.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Anatolia Tani ve Biyoteknoloji Ürünleri Ar-Ge Sanayi Ticaret A.S. stock A Buy?
Anatolia Tani ve Biyoteknoloji 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: -0.877 Hold/Accumulate Unchanged
Predicted Opening Price for Anatolia Tani ve Biyoteknoloji Ürünleri Ar-Ge Sanayi Ticaret A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 13.19 ( 0%) | TRY 13.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANGEN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.33 | 1.06 % | |
| R2 | 13.28 | 0.656 % | ||
| R1 | 13.24 | 0.405 % | ||
| Current price: | 13.19 | |||
| Support | S1 | 13.14 | -0.405 % | |
| S2 | 13.10 | -0.656 % | ||
| S3 | 13.05 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.21 | 7.73 % | |
| R2 | 14.11 | 6.97 % | ||
| R1 | 13.94 | 5.69 % | ||
| Current price | 13.19 | |||
| Support | S1 | 13.12 | -0.531% | |
| S2 | 12.96 | -1.74% | ||
| S3 | 12.61 | -4.40% |
FAQ
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