Ayen Enerji A.S. Stock Forecast
Red day on Friday for Ayen Enerji A.S.
(Updated on Jun 14, 2024)
The Ayen Enerji A.S. stock price fell by -0.448% on the last day (Friday, 14th Jun 2024) from TRY 31.22 to TRY 31.08. During the last trading day the stock fluctuated 3.26% from a day low at TRY 30.70 to a day high of TRY 31.70. The price has fallen in 7 of the last 10 days but is still up by 3.32% 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 -72 thousand shares and in total, 882 thousand shares were bought and sold for approximately TRY 27.42 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 29.51 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.87% during the next 3 months and, with a 90% probability hold a price between TRY 35.07 and TRY 45.62 at the end of this 3-month period.
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AYEN.IS Signals & Forecast
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. The Ayen Enerji A.S. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 31.96. On a fall, the stock will find some support from the short-term average at TRY 30.49. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -13.04%. 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 Ayen Enerji A.S. stock
Ayen Enerji A.S. finds support from accumulated volume at TRY 30.36 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 1.00 between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 5.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AYEN.IS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Ayen Enerji A.S. to open at TRY 31.16, and during the day (based on 14 day Average True Range), to move between TRY 29.49 and TRY 32.67, which gives a possible trading interval of +/-TRY 1.59 (+/-5.11%) up or down from last closing price. If Ayen Enerji A.S. takes out the full calculated possible swing range there will be an estimated 10.21% 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 31.16 (0.26%) than the support at TRY 30.36 (2.32%), 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 Ayen Enerji A.S. stock A Buy?
Ayen Enerji A.S. 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.
Current score: -2.312 Sell Candidate Unchanged
Predicted Opening Price for Ayen Enerji A.S. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| TRY 31.16 ( 0.257%) | TRY 31.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AYEN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.16 | 3.47% |
| R2 | 31.78 | 2.25% |
| R1 | 31.54 | 1.49% |
| Price | 31.08 | |
| S1 | 30.78 | -0.97% |
| S2 | 30.54 | -1.73% |
| S3 | 30.16 | -2.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.50 | 14.22% |
| R2 | 31.94 | 2.77% |
| R1 | 31.16 | 0.257% |
| Price | 31.08 | |
| S1 | 30.36 | -2.32% |
| S2 | 29.38 | -5.47% |
| S3 | 28.32 | -8.88% |
AYEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jul 01, 2024 | TRY 0.614 | 1.97% |
| 2 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | TRY 0.98 | 4.07% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | TRY 0.113 | 0.670% |
| 4 | Jun 27, 2012 | Jun 27, 2012 | Jun 27, 2012 | TRY 0.157 | 12.76% |
| 5 | May 27, 2010 | May 27, 2010 | May 27, 2010 | TRY 0.151 | 10.56% |
FAQ
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