Beyaz Filo Oto Kiralama A.S. Stock Forecast

Green day on Friday for Beyaz Filo Oto Kiralama A.S. stock after gaining 1.62%
(Updated on May 17, 2024)

BEYAZ.IS Signals & Forecast

A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -18.61%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. 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 29.23. On a fall, the stock will find some support from the long-term average at approximately TRY 25.42. 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. 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.

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

Beyaz Filo Oto Kiralama A.S. finds support from accumulated volume at TRY 26.48 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 1.78 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 10.81%.

Our recommended stop-loss: TRY 26.14 (-5.44%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (BEYAZ.IS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Beyaz Filo Oto Kiralama A.S. to open at TRY 27.61, and during the day (based on 14 day Average True Range), to move between TRY 25.49 and TRY 29.79, which gives a possible trading interval of +/-TRY 2.15 (+/-7.77%) 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 15.55% 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 26.48 (4.20%) than the resistance at TRY 30.58 (10.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Beyaz Filo Oto Kiralama A.S. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.151 Buy Candidate Unchanged

Predicted Opening Price for Beyaz Filo Oto Kiralama A.S. of Monday, May 20, 2024

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