Bosch Fren Sistemleri Sanayi ve Ticaret Stock Forecast
Bosch Fren Sistemleri Sanayi ve Ticaret stock price up 1.49% on Friday
(Updated on Jun 21, 2024)
The Bosch Fren Sistemleri Sanayi ve Ticaret stock price gained 1.49% on the last trading day (Friday, 21st Jun 2024), rising from TRY 907.50 to TRY 921.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.79% from a day low at TRY 898.00 to a day high of TRY 932.00. The price has risen in 6 of the last 10 days and is up by 5.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 104 thousand shares were bought and sold for approximately TRY 96.09 million.
Given the current short-term trend, the stock is expected to fall -19.55% during the next 3 months and, with a 90% probability hold a price between TRY 656.04 and TRY 740.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BFREN.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 9.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bosch Fren Sistemleri Sanayi ve Ticaret stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 923.59. On a fall, the stock will find some support from the short-term average at TRY 872.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Bosch Fren Sistemleri Sanayi ve Ticaret stock
Bosch Fren Sistemleri Sanayi ve Ticaret finds support from accumulated volume at TRY 917.00 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 34.00 between high and low, or 3.79%. For the last week, the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: TRY 872.25 (-5.29%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (BFREN.IS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Bosch Fren Sistemleri Sanayi ve Ticaret A.S. to open at TRY 917.00, and during the day (based on 14 day Average True Range), to move between TRY 889.59 and TRY 952.41, which gives a possible trading interval of +/-TRY 31.41 (+/-3.41%) up or down from last closing price. If Bosch Fren Sistemleri Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 6.82% 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 917.00 (0.43%) than the resistance at TRY 957.00 (3.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bosch Fren Sistemleri Sanayi ve Ticaret A.S. stock A Buy?
Bosch Fren Sistemleri Sanayi ve Ticaret 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: 0.004 Hold/Accumulate Unchanged
Predicted Opening Price for Bosch Fren Sistemleri Sanayi ve Ticaret A.S. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| TRY 917.00 ( 0.434%) | TRY 921.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BFREN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 951.00 | 3.26% |
| R2 | 938.01 | 1.85% |
| R1 | 929.99 | 0.98% |
| Price | 921.00 | |
| S1 | 904.01 | -1.84% |
| S2 | 895.99 | -2.72% |
| S3 | 883.00 | -4.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,010.00 | 9.66% |
| R2 | 976.50 | 6.03% |
| R1 | 957.00 | 3.91% |
| Price | 921.00 | |
| S1 | 917.00 | -0.434% |
| S2 | 907.50 | -1.47% |
| S3 | 870.00 | -5.54% |
FAQ
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