Besiktas Futbol Yatirimlari Sanayi ve Stock Forecast

Besiktas Futbol Yatirimlari Sanayi ve stock price fell more than -9.99% Monday closing at TRY 20.54
(Updated on May 13, 2024)

BJKAS.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Besiktas Futbol Yatirimlari Sanayi ve 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 28.77 and TRY 58.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -77.00%. 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 Besiktas Futbol Yatirimlari Sanayi ve stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BJKAS.IS) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. to open at TRY 20.54, and during the day (based on 14 day Average True Range), to move between TRY 16.06 and TRY 25.02, which gives a possible trading interval of +/-TRY 4.48 (+/-21.82%) up or down from last closing price. If Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 43.64% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ TRY 22.82, some TRY 2.28 (11.10%) from the current price of TRY 20.54, our system finds the risk reward not very attractive.

Is Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. stock A Buy?

Besiktas Futbol Yatirimlari Sanayi ve holds several negative signals and is within a very 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: -7.594 Strong Sell Candidate Unchanged

Predicted Opening Price for Besiktas Futbol Yatirimlari Sanayi ve Ticaret A.S. of Tuesday, May 14, 2024

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