Beyaz Filo Oto Kiralama A.S. Stock Forecast

Green day on Friday for Beyaz Filo Oto Kiralama A.S. stock after gaining 0.388%
(Updated on May 03, 2024)

BEYAZ.IS Signals & Forecast

The Beyaz Filo Oto Kiralama A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 26.21. On a fall, the stock will find some support from the long-term average at approximately TRY 23.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Monday, April 22, 2024, and so far it has fallen -8.55%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Beyaz Filo Oto Kiralama A.S. stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 23.42 and TRY 23.02. 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, Beyaz Filo Oto Kiralama A.S. finds support just below today's level at TRY 23.42. If this is broken, then the next support from accumulated volume will be at TRY 23.02 and TRY 23.00.

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 0.90 between high and low, or 3.55%. For the last week, the stock has had daily average volatility of 6.01%.

Our recommended stop-loss: TRY 24.53 (-5.28%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (BEYAZ.IS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Beyaz Filo Oto Kiralama A.S. to open at TRY 25.81, and during the day (based on 14 day Average True Range), to move between TRY 24.30 and TRY 27.50, which gives a possible trading interval of +/-TRY 1.60 (+/-6.18%) up or down from last closing price. If Beyaz Filo Oto Kiralama A.S. takes out the full calculated possible swing range there will be an estimated 12.35% 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 26.48 (2.24%) than the support at TRY 23.42 (9.58%), 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 Beyaz Filo Oto Kiralama A.S. stock A Buy?

Beyaz Filo Oto Kiralama 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: 0.339 Hold/Accumulate Unchanged

Predicted Opening Price for Beyaz Filo Oto Kiralama A.S. of Monday, May 6, 2024

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