ARD Grup Bilisim Teknolojileri Anonim Stock Forecast
A very red day for ARD Grup Bilisim Teknolojileri Anonim stock price after a -6.10% fall in the Friday trading session
(Updated on May 10, 2024)
The ARD Grup Bilisim Teknolojileri Anonim stock price fell by -6.10% on the last day (Friday, 10th May 2024) from TRY 48.86 to TRY 45.88. During the last trading day the stock fluctuated 7.52% from a day low at TRY 45.46 to a day high of TRY 48.88. The price has risen in 6 of the last 10 days and is up by 8.82% over the past 2 weeks. Volume has increased on the last day by 303 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, 8 million shares were bought and sold for approximately TRY 347.63 million.
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 -24.70% during the next 3 months and, with a 90% probability hold a price between TRY 23.66 and TRY 37.42 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ARDYZ.IS Signals & Forecast
The ARD Grup Bilisim Teknolojileri Anonim 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 46.89. On a fall, the stock will find some support from the long-term average at approximately TRY 43.23. 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. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -8.70%. 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 ARD Grup Bilisim Teknolojileri Anonim stock
ARD Grup Bilisim Teknolojileri Anonim finds support from accumulated volume at TRY 43.70 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 3.42 between high and low, or 7.52%. For the last week, the stock has had daily average volatility of 8.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARDYZ.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect ARD Grup Bilisim Teknolojileri Anonim Sirketi to open at TRY 46.74, and during the day (based on 14 day Average True Range), to move between TRY 42.75 and TRY 49.01, which gives a possible trading interval of +/-TRY 3.13 (+/-6.82%) up or down from last closing price. If ARD Grup Bilisim Teknolojileri Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 13.65% 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 43.70 (4.75%) than the resistance at TRY 48.44 (5.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ARD Grup Bilisim Teknolojileri Anonim Sirketi stock A Buy?
ARD Grup Bilisim Teknolojileri Anonim holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.127 Sell Candidate Downgraded
Predicted Opening Price for ARD Grup Bilisim Teknolojileri Anonim Sirketi of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 46.74 ( 1.87%) | TRY 45.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARDYZ.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.16 | 9.33 % | |
| R2 | 48.85 | 6.48 % | ||
| R1 | 48.05 | 4.72 % | ||
| Current price: | 45.88 | |||
| Support | S1 | 45.43 | -0.97 % | |
| S2 | 44.63 | -2.73 % | ||
| S3 | 43.32 | -5.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.55 | 16.72 % | |
| R2 | 50.25 | 9.52 % | ||
| R1 | 48.44 | 5.58 % | ||
| Current price | 45.88 | |||
| Support | S1 | 43.70 | -4.75% | |
| S2 | 43.34 | -5.54% | ||
| S3 | 43.20 | -5.84% |
FAQ
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