A.V.O.D. Kurutulmus Gida ve Tarim Stock Forecast
A.V.O.D. Kurutulmus Gida ve Tarim stock price ended at TRY 3.85 on Friday, after losing 0.259%.
(Updated on May 17, 2024)
The A.V.O.D. Kurutulmus Gida ve Tarim stock price fell by -0.259% on the last day (Friday, 17th May 2024) from TRY 3.86 to TRY 3.85. During the last trading day the stock fluctuated 1.57% from a day low at TRY 3.83 to a day high of TRY 3.89. The price has fallen in 6 of the last 10 days but is still up by 2.67% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 11 million shares were bought and sold for approximately TRY 41.87 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect A.V.O.D. Kurutulmus Gida ve Tarim stock with a 90% probability to be traded between TRY 3.16 and TRY 4.04 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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AVOD.IS Signals & Forecast
The A.V.O.D. Kurutulmus Gida ve Tarim 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 3.87. On a fall, the stock will find some support from the long-term average at approximately TRY 3.54. 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 Thursday, May 09, 2024, and so far it has fallen -4.94%. Further fall is indicated until a new bottom pivot has been found. 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 A.V.O.D. Kurutulmus Gida ve Tarim stock
A.V.O.D. Kurutulmus Gida ve Tarim finds support from accumulated volume at TRY 3.77 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 0.0600 between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 5.08%.
Our recommended stop-loss: TRY 3.65 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (AVOD.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect A.V.O.D. Kurutulmus Gida ve Tarim Urunleri A.S. to open at TRY 3.86, and during the day (based on 14 day Average True Range), to move between TRY 3.67 and TRY 4.03, which gives a possible trading interval of +/-TRY 0.175 (+/-4.55%) up or down from last closing price. If A.V.O.D. Kurutulmus Gida ve Tarim Urunleri A.S. takes out the full calculated possible swing range there will be an estimated 9.10% 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 3.86 (0.26%) than the support at TRY 3.77 (2.08%), 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 A.V.O.D. Kurutulmus Gida ve Tarim Urunleri A.S. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for A.V.O.D. Kurutulmus Gida ve Tarim stock to perform well in the short-term period.
Current score: 1.409 Buy Candidate Unchanged
Predicted Opening Price for A.V.O.D. Kurutulmus Gida ve Tarim Urunleri A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 3.86 ( 0.173%) | TRY 3.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVOD.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.92 | 1.73 % | |
| R2 | 3.89 | 1.14 % | ||
| R1 | 3.88 | 0.768 % | ||
| Current price: | 3.85 | |||
| Support | S1 | 3.83 | -0.422 % | |
| S2 | 3.82 | -0.790 % | ||
| S3 | 3.80 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.05 | 5.19 % | |
| R2 | 3.89 | 1.04 % | ||
| R1 | 3.86 | 0.260 % | ||
| Current price | 3.85 | |||
| Support | S1 | 3.77 | -2.08% | |
| S2 | 3.69 | -4.16% | ||
| S3 | 3.63 | -5.71% |
FAQ
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