Armada Bilgisayar Sistemleri Sanayi ve Stock Forecast
Armada Bilgisayar Sistemleri Sanayi ve stock upgraded to Buy Candidate.
(Updated on May 10, 2024)
The Armada Bilgisayar Sistemleri Sanayi ve stock price gained 2.47% on the last trading day (Friday, 10th May 2024), rising from TRY 587.50 to TRY 602.00. During the last trading day the stock fluctuated 7.39% from a day low at TRY 575.00 to a day high of TRY 617.50. The price has been going up and down for this period, and there has been a 1.26% gain 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, 87 thousand more shares were traded than the day before. In total, 165 thousand shares were bought and sold for approximately TRY 99.56 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 -20.60% during the next 3 months and, with a 90% probability hold a price between TRY 381.16 and TRY 523.66 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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ARMDA.IS Signals & Forecast
The Armada Bilgisayar Sistemleri Sanayi ve stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 599.79 and TRY 596.73. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -6.88%. 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).
Support, Risk & Stop-loss for Armada Bilgisayar Sistemleri Sanayi ve stock
Armada Bilgisayar Sistemleri Sanayi ve finds support from accumulated volume at TRY 601.00 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 42.50 between high and low, or 7.39%. For the last week, the stock has had daily average volatility of 4.27%.
Our recommended stop-loss: TRY 570.78 (-5.19%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (ARMDA.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Armada Bilgisayar Sistemleri Sanayi ve Ticaret A.S. to open at TRY 598.17, and during the day (based on 14 day Average True Range), to move between TRY 574.49 and TRY 629.51, which gives a possible trading interval of +/-TRY 27.51 (+/-4.57%) up or down from last closing price. If Armada Bilgisayar Sistemleri Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 9.14% 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 601.00 (0.17%) than the resistance at TRY 661.00 (9.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Armada Bilgisayar Sistemleri Sanayi ve Ticaret A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.393 Buy Candidate Upgraded
Predicted Opening Price for Armada Bilgisayar Sistemleri Sanayi ve Ticaret A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 598.17 ( 0.637%) | TRY 602.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARMDA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 640.67 | 6.42 % | |
| R2 | 624.43 | 3.73 % | ||
| R1 | 614.40 | 2.06 % | ||
| Current price: | 602.00 | |||
| Support | S1 | 581.93 | -3.33 % | |
| S2 | 571.90 | -5.00 % | ||
| S3 | 555.67 | -7.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 700.50 | 16.36 % | |
| R2 | 669.50 | 11.21 % | ||
| R1 | 661.00 | 9.80 % | ||
| Current price | 602.00 | |||
| Support | S1 | 601.00 | -0.166% | |
| S2 | 596.00 | -1.00% | ||
| S3 | 564.50 | -6.23% |
ARMDA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2023 | May 08, 2023 | May 08, 2023 | TRY 5.34 | 2.08% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | TRY 5.34 | 1.94% |
| 3 | May 30, 2014 | May 30, 2014 | May 30, 2014 | TRY 0.240 | 11.59% |
| 4 | May 31, 2013 | May 31, 2013 | May 31, 2013 | TRY 0.150 | 7.25% |
| 5 | May 31, 2012 | May 31, 2012 | May 31, 2012 | TRY 0.0800 | 4.62% |
FAQ
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