Bosch Fren Sistemleri Sanayi ve Ticaret Stock Forecast
Green day on Thursday for Bosch Fren Sistemleri Sanayi ve Ticaret
(Updated on Jun 27, 2024)
The Bosch Fren Sistemleri Sanayi ve Ticaret stock price gained 2.06% on the last trading day (Thursday, 27th Jun 2024), rising from TRY 851.50 to TRY 869.00. During the last trading day the stock fluctuated 2.52% from a day low at TRY 851.50 to a day high of TRY 873.00. The price has risen in 6 of the last 10 days and is up by 3.58% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 46 thousand shares were bought and sold for approximately TRY 39.65 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.97% during the next 3 months and, with a 90% probability hold a price between TRY 614.75 and TRY 731.53 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 3.58%. 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 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. The Bosch Fren Sistemleri Sanayi ve Ticaret stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 885.00 and TRY 908.01. A break-up above any of these levels will issue buy signals.
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 867.50 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 21.50 between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BFREN.IS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Bosch Fren Sistemleri Sanayi ve Ticaret A.S. to open at TRY 864.50, and during the day (based on 14 day Average True Range), to move between TRY 837.94 and TRY 900.06, which gives a possible trading interval of +/-TRY 31.06 (+/-3.57%) 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 7.15% 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 867.50 (0.17%) than the resistance at TRY 957.00 (10.13%), 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 negative signals and is within a 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: -3.666 Sell Candidate Unchanged
Predicted Opening Price for Bosch Fren Sistemleri Sanayi ve Ticaret A.S. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| TRY 864.50 ( 0.518%) | TRY 869.00 |
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 | 886.00 | 1.96% |
| R2 | 877.79 | 1.01% |
| R1 | 872.71 | 0.427% |
| Price | 869.00 | |
| S1 | 856.29 | -1.46% |
| S2 | 851.21 | -2.05% |
| S3 | 843.00 | -2.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,010.00 | 16.23% |
| R2 | 976.50 | 12.37% |
| R1 | 957.00 | 10.13% |
| Price | 869.00 | |
| S1 | 867.50 | -0.173% |
| S2 | 851.50 | -2.01% |
| S3 | 839.00 | -3.45% |
FAQ
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