Anadolu Isuzu Otomotiv Sanayi ve Ticaret Stock Forecast

Anadolu Isuzu Otomotiv Sanayi ve Ticaret stock price down 0.621% on Friday
(Updated on May 10, 2024)

ASUZU.IS Signals & Forecast

The Anadolu Isuzu Otomotiv Sanayi 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 114.06. On a fall, the stock will find some support from the long-term average at approximately TRY 100.32. 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. 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 Monday, April 29, 2024, and so far it has fallen -5.56%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Anadolu Isuzu Otomotiv Sanayi ve Ticaret stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 97.00 and TRY 92.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Anadolu Isuzu Otomotiv Sanayi ve Ticaret finds support just below today's level at TRY 97.00. If this is broken, then the next support from accumulated volume will be at TRY 92.10 and TRY 88.10.

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 3.70 between high and low, or 3.32%. For the last week, the stock has had daily average volatility of 3.99%.

Our recommended stop-loss: TRY 105.91 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (ASUZU.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Anadolu Isuzu Otomotiv Sanayi ve Ticaret A.S. to open at TRY 112.77, and during the day (based on 14 day Average True Range), to move between TRY 105.49 and TRY 118.51, which gives a possible trading interval of +/-TRY 6.51 (+/-5.81%) up or down from last closing price. If Anadolu Isuzu Otomotiv Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 11.63% 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 114.70 (2.41%) than the support at TRY 97.00 (13.39%), 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 Anadolu Isuzu Otomotiv Sanayi ve Ticaret A.S. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Anadolu Isuzu Otomotiv Sanayi ve Ticaret stock to perform well in the short-term.

Current score: 1.101 Buy Candidate Unchanged

Predicted Opening Price for Anadolu Isuzu Otomotiv Sanayi ve Ticaret A.S. of Monday, May 13, 2024

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