Bayrak EBT Taban Sanayi ve Ticaret Stock Forecast

Weaker technical forecast for Bayrak EBT Taban Sanayi ve Ticaret as stock downgraded to Hold/Accumulate.
(Updated on Apr 15, 2024)

BAYRK.IS Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -7.96%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Bayrak EBT Taban Sanayi ve Ticaret stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 50.48 and TRY 45.36. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Bayrak EBT Taban Sanayi ve Ticaret stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 47.80 and TRY 46.14. 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, Bayrak EBT Taban Sanayi ve Ticaret finds support just below today's level at TRY 47.80. If this is broken, then the next support from accumulated volume will be at TRY 46.14 and TRY 44.00.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 2.30 between high and low, or 4.42%. For the last week, the stock has had daily average volatility of 5.84%.

Our recommended stop-loss: TRY 49.85 (-4.23%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (BAYRK.IS) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi to open at TRY 52.78, and during the day (based on 14 day Average True Range), to move between TRY 48.58 and TRY 55.52, which gives a possible trading interval of +/-TRY 3.47 (+/-6.67%) up or down from last closing price. If Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 13.34% 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 52.55 (0.96%) than the support at TRY 47.80 (8.17%), 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 Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi stock A Buy?

Bayrak EBT Taban Sanayi ve Ticaret 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.434 Hold/Accumulate Downgraded

Predicted Opening Price for Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi of Tuesday, April 16, 2024

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