Bilici Yatirim Sanayi ve Ticaret A.S. Stock Forecast
Green day on Friday for Bilici Yatirim Sanayi ve Ticaret A.S. stock after gaining 1.76%
(Updated on May 03, 2024)
The Bilici Yatirim Sanayi ve Ticaret A.S. stock price gained 1.76% on the last trading day (Friday, 3rd May 2024), rising from TRY 21.60 to TRY 21.98. It has now gained 3 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 8.37% from a day low at TRY 21.04 to a day high of TRY 22.80. The price has risen in 7 of the last 10 days and is up by 23.07% 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, 135 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately TRY 94.53 million.
The stock has broken the very wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at TRY 21.07, a level that may pose a second chance to hit a runner. According to fan-theory TRY 25.58 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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BLCYT.IS Signals & Forecast
Mostly positive signals in the chart today. 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 20.32 and TRY 18.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 36.01%. 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.
Support, Risk & Stop-loss for Bilici Yatirim Sanayi ve Ticaret A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 20.62 and TRY 20.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bilici Yatirim Sanayi ve Ticaret A.S. finds support just below today's level at TRY 20.62. If this is broken, then the next support from accumulated volume will be at TRY 20.20 and TRY 18.60.
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 1.76 between high and low, or 8.37%. For the last week, the stock has had daily average volatility of 7.56%.
Our recommended stop-loss: TRY 21.20 (-3.54%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (BLCYT.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bilici Yatirim Sanayi ve Ticaret A.S. to open at TRY 21.94, and during the day (based on 14 day Average True Range), to move between TRY 20.89 and TRY 23.07, which gives a possible trading interval of +/-TRY 1.09 (+/-4.97%) 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 9.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 20.62, some TRY 1.36 (6.19%) from the current price of TRY 21.98, our system finds the risk reward attractive.
Is Bilici Yatirim Sanayi ve Ticaret A.S. stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. 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 period.
Current score: 7.553 Strong Buy Candidate Unchanged
Predicted Opening Price for Bilici Yatirim Sanayi ve Ticaret A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 21.94 ( 0.182%) | TRY 21.98 |
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 | 23.70 | 7.83 % | |
| R2 | 23.03 | 4.77 % | ||
| R1 | 22.61 | 2.88 % | ||
| Current price: | 21.98 | |||
| Support | S1 | 21.27 | -3.24 % | |
| S2 | 20.85 | -5.13 % | ||
| S3 | 20.18 | -8.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 21.98 | |||
| Support | S1 | 20.62 | -6.19% | |
| S2 | 20.20 | -8.10% | ||
| S3 | 18.60 | -15.38% |
FAQ
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