BATI EGE GMYO Stock Forecast

BATI EGE GMYO stock price took a fall of -9.94% on Thursday
(Updated on May 09, 2024)

BEGYO.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 BATI EGE GMYO stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 5.16 and TRY 4.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -18.83%. 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 BATI EGE GMYO stock

BATI EGE GMYO finds support from accumulated volume at TRY 4.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 3.35%.

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

Trading Expectations (BEGYO.IS) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect BATI EGE GMYO to open at TRY 4.44, and during the day (based on 14 day Average True Range), to move between TRY 4.20 and TRY 4.68, which gives a possible trading interval of +/-TRY 0.241 (+/-5.43%) up or down from last closing price. If BATI EGE GMYO takes out the full calculated possible swing range there will be an estimated 10.86% 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 4.28 (3.60%) than the resistance at TRY 4.75 (6.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BATI EGE GMYO stock A Buy?

BATI EGE GMYO 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: -2.354 Sell Candidate Unchanged

Predicted Opening Price for BATI EGE GMYO of Friday, May 10, 2024

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