Bayrak EBT Taban Sanayi ve Ticaret Stock Forecast

Is Bayrak EBT Taban Sanayi ve Ticaret stock still a buy after falling -9.99% on Tuesday?
(Updated on Jul 02, 2024)

BAYRK.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Bayrak EBT Taban Sanayi ve Ticaret stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 49.23 and TRY 63.84. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -52.48%. 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 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 Bayrak EBT Taban Sanayi ve Ticaret stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 4.97%.

Bayrak EBT Taban Sanayi ve Ticaret is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (BAYRK.IS) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi to open at TRY 35.14, and during the day (based on 14 day Average True Range), to move between TRY 30.15 and TRY 40.13, which gives a possible trading interval of +/-TRY 4.99 (+/-14.21%) 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 28.42% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ TRY 39.04, some TRY 3.90 (11.10%) from the current price of TRY 35.14, our system finds the risk reward not very attractive.

Is Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi stock A Buy?

Bayrak EBT Taban Sanayi ve Ticaret holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.469 Sell Candidate Unchanged

Predicted Opening Price for Bayrak EBT Taban Sanayi ve Ticaret Anonim Sirketi of Wednesday, July 3, 2024

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