Bilici Yatirim Sanayi ve Ticaret A.S. Stock Forecast
Red day on Wednesday for Bilici Yatirim Sanayi ve Ticaret A.S. stock after losing 1.37%
(Updated on Apr 24, 2024)
The Bilici Yatirim Sanayi ve Ticaret A.S. stock price fell by -1.37% on the last day (Wednesday, 24th Apr 2024) from TRY 19.00 to TRY 18.74. During the last trading day the stock fluctuated 4.53% from a day low at TRY 18.56 to a day high of TRY 19.40. The price has fallen in 5 of the last 10 days but is still up by 13.58% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -157 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 20.40 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.17% during the next 3 months and, with a 90% probability hold a price between TRY 16.99 and TRY 21.44 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BLCYT.IS Signals & Forecast
The Bilici Yatirim Sanayi ve Ticaret A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 18.55 and TRY 17.72. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, April 19, 2024, and so far it has fallen -1.68%. Further fall is indicated until a new bottom pivot has been found. 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 Bilici Yatirim Sanayi ve Ticaret A.S. stock
Bilici Yatirim Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 18.62 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 0.84 between high and low, or 4.53%. For the last week, the stock has had daily average volatility of 4.70%.
Our recommended stop-loss: TRY 17.94 (-4.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BLCYT.IS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Bilici Yatirim Sanayi ve Ticaret A.S. to open at TRY 18.90, and during the day (based on 14 day Average True Range), to move between TRY 17.96 and TRY 19.52, which gives a possible trading interval of +/-TRY 0.782 (+/-4.17%) up or down from last closing price. If Bilici Yatirim Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.35% 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 18.62 (0.64%) than the resistance at TRY 19.06 (1.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bilici Yatirim Sanayi ve Ticaret A.S. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bilici Yatirim Sanayi ve Ticaret A.S. stock to perform well in the short-term.
Current score: 3.094 Buy Candidate Unchanged
Predicted Opening Price for Bilici Yatirim Sanayi ve Ticaret A.S. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| TRY 18.90 ( 0.85%) | TRY 18.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLCYT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.74 | 5.34 % | |
| R2 | 19.42 | 3.62 % | ||
| R1 | 19.22 | 2.57 % | ||
| Current price: | 18.74 | |||
| Support | S1 | 18.58 | -0.86 % | |
| S2 | 18.38 | -1.92 % | ||
| S3 | 18.06 | -3.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.12 | 7.36 % | |
| R2 | 19.96 | 6.51 % | ||
| R1 | 19.06 | 1.71 % | ||
| Current price | 18.74 | |||
| Support | S1 | 18.62 | -0.640% | |
| S2 | 18.60 | -0.747% | ||
| S3 | 17.74 | -5.34% |
FAQ
Click here for our free guide on how to buy Bilici Yatirim Sanayi ve Ticaret A.S. Stock.
