Bagfas Bandirma Gubre Fabrikalari A.S. Stock Forecast
Bagfas Bandirma Gubre Fabrikalari A.S. stock price ended at TRY 25.00 on Friday, after gaining 1.13%.
(Updated on Apr 26, 2024)
The Bagfas Bandirma Gubre Fabrikalari A.S. stock price gained 1.13% on the last trading day (Friday, 26th Apr 2024), rising from TRY 24.72 to TRY 25.00. During the last trading day the stock fluctuated 3.28% from a day low at TRY 24.40 to a day high of TRY 25.20. The price has risen in 6 of the last 10 days and is up by 8.23% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 652 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately TRY 65.32 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at TRY 25.81 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.64% during the next 3 months and, with a 90% probability hold a price between TRY 15.37 and TRY 20.23 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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BAGFS.IS Signals & Forecast
The Bagfas Bandirma Gubre Fabrikalari A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 24.29 and TRY 24.74. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 24, 2024, and so far it has fallen -1.65%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bagfas Bandirma Gubre Fabrikalari A.S. stock
Bagfas Bandirma Gubre Fabrikalari A.S. finds support from accumulated volume at TRY 24.88 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 0.80 between high and low, or 3.28%. For the last week, the stock has had daily average volatility of 5.83%.
Our recommended stop-loss: TRY 23.94 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BAGFS.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Bagfas Bandirma Gubre Fabrikalari A.S. to open at TRY 24.87, and during the day (based on 14 day Average True Range), to move between TRY 23.82 and TRY 26.18, which gives a possible trading interval of +/-TRY 1.18 (+/-4.73%) up or down from last closing price. If Bagfas Bandirma Gubre Fabrikalari A.S. takes out the full calculated possible swing range there will be an estimated 9.47% 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 24.88 (0.48%) than the resistance at TRY 27.30 (9.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bagfas Bandirma Gubre Fabrikalari A.S. stock A Buy?
Bagfas Bandirma Gubre Fabrikalari A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.434 Hold/Accumulate Unchanged
Predicted Opening Price for Bagfas Bandirma Gubre Fabrikalari A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 24.87 ( 0.533%) | TRY 25.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAGFS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.67 | 2.67 % | |
| R2 | 25.36 | 1.44 % | ||
| R1 | 25.17 | 0.689 % | ||
| Current price: | 25.00 | |||
| Support | S1 | 24.56 | -1.76 % | |
| S2 | 24.37 | -2.51 % | ||
| S3 | 24.07 | -3.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.00 | 16.00 % | |
| R2 | 27.62 | 10.48 % | ||
| R1 | 27.30 | 9.20 % | ||
| Current price | 25.00 | |||
| Support | S1 | 24.88 | -0.480% | |
| S2 | 24.80 | -0.80% | ||
| S3 | 23.94 | -4.24% |
BAGFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | TRY 0.130 | 0.433% |
| 2 | May 29, 2015 | May 29, 2015 | May 29, 2015 | TRY 0.0251 | 0.176% |
| 3 | May 31, 2013 | May 31, 2013 | May 31, 2013 | TRY 0.0693 | 0.617% |
| 4 | May 31, 2012 | May 31, 2012 | May 31, 2012 | TRY 0.257 | 2.17% |
| 5 | May 18, 2011 | May 18, 2011 | May 18, 2011 | TRY 0.171 | 1.46% |
FAQ
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