Bera Holding A.S. Stock Forecast
Bera Holding A.S. stock price ended at TRY 19.32 on Friday, after losing 1.08%.
(Updated on May 03, 2024)
The Bera Holding A.S. stock price fell by -1.08% on the last day (Friday, 3rd May 2024) from TRY 19.53 to TRY 19.32. During the last trading day the stock fluctuated 4.13% from a day low at TRY 19.15 to a day high of TRY 19.94. The price has been going up and down for this period, and there has been a 2.01% gain for the last 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 -7 million shares and in total, 20 million shares were bought and sold for approximately TRY 385.40 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 18.81 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 35.79% during the next 3 months and, with a 90% probability hold a price between TRY 25.55 and TRY 32.38 at the end of this 3-month period.
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BERA.IS Signals & Forecast
The Bera Holding 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 19.24 and TRY 19.25. A breakdown below any of these levels will issue sell signals. 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, March 27, 2024, and so far it has fallen -10.14%. 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 Bera Holding A.S. stock
Bera Holding A.S. finds support from accumulated volume at TRY 18.60 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 0.790 between high and low, or 4.13%. For the last week, the stock has had daily average volatility of 4.65%.
Our recommended stop-loss: TRY 18.44 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (BERA.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bera Holding A.S. to open at TRY 19.47, and during the day (based on 14 day Average True Range), to move between TRY 18.13 and TRY 20.51, which gives a possible trading interval of +/-TRY 1.19 (+/-6.17%) up or down from last closing price. If Bera Holding A.S. takes out the full calculated possible swing range there will be an estimated 12.34% 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 19.61 (1.50%) than the support at TRY 18.60 (3.73%), 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.
Earnings coming up
Bera Holding A.S. will release earnings BMO on Friday, May 03, 2024. We will update the financials statements for Bera Holding A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.13% in the first trading day after earnings release.
Is Bera Holding A.S. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bera Holding A.S. stock to perform well in the short-term.
Current score: 1.390 Buy Candidate Unchanged
Predicted Opening Price for Bera Holding A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 19.47 ( 0.776%) | TRY 19.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BERA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.26 | 4.87 % | |
| R2 | 19.96 | 3.30 % | ||
| R1 | 19.77 | 2.34 % | ||
| Current price: | 19.32 | |||
| Support | S1 | 19.17 | -0.786 % | |
| S2 | 18.98 | -1.75 % | ||
| S3 | 18.68 | -3.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.48 | 11.18 % | |
| R2 | 20.22 | 4.66 % | ||
| R1 | 19.61 | 1.50 % | ||
| Current price | 19.32 | |||
| Support | S1 | 18.60 | -3.73% | |
| S2 | 18.08 | -6.42% | ||
| S3 | 16.31 | -15.58% |
BERA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | TRY 0.0500 | 0.334% |
| 2 | Aug 01, 2023 | Aug 01, 2023 | Aug 01, 2023 | TRY 0.0500 | 0.347% |
| 3 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | TRY 0.0500 | 0.699% |
FAQ
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