ATP Ticari Bilgisayar Agi ve Elektrik Stock Forecast

Weaker technical forecast for ATP Ticari Bilgisayar Agi ve Elektrik as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)

ATATP.IS Signals & Forecast

The ATP Ticari Bilgisayar Agi ve Elektrik 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 150.04. On a fall, the stock will find some support from the long-term average at approximately TRY 123.44. 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). 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 Monday, April 22, 2024, and so far it has fallen -11.38%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for ATP Ticari Bilgisayar Agi ve Elektrik stock

ATP Ticari Bilgisayar Agi ve Elektrik finds support from accumulated volume at TRY 143.90 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 10.50 between high and low, or 7.32%. For the last week, the stock has had daily average volatility of 7.14%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ATATP.IS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect ATP Ticari Bilgisayar Agi ve Elektrik Guc Kaynaklari Uretim Pazarlama ve Ticaret A.S. to open at TRY 147.20, and during the day (based on 14 day Average True Range), to move between TRY 133.02 and TRY 155.18, which gives a possible trading interval of +/-TRY 11.08 (+/-7.69%) up or down from last closing price. If ATP Ticari Bilgisayar Agi ve Elektrik Guc Kaynaklari Uretim Pazarlama ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 15.38% 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 143.90 (0.14%) than the resistance at TRY 146.70 (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ATP Ticari Bilgisayar Agi ve Elektrik Guc Kaynaklari Uretim Pazarlama ve Ticaret A.S. stock A Buy?

ATP Ticari Bilgisayar Agi ve Elektrik 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: -1.281 Sell Candidate Downgraded

Predicted Opening Price for ATP Ticari Bilgisayar Agi ve Elektrik Guc Kaynaklari Uretim Pazarlama ve Ticaret A.S. of Monday, May 6, 2024

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