Bms Birlesik Metal Sanayi ve Ticaret Stock Forecast

Weaker technical forecast for Bms Birlesik Metal Sanayi ve Ticaret as stock downgraded to Hold/Accumulate.
(Updated on May 31, 2024)

BMSTL.IS Signals & Forecast

The Bms Birlesik Metal Sanayi ve Ticaret stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 37.89. On a fall, the stock will find some support from the long-term average at approximately TRY 34.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, May 24, 2024, and so far it has fallen -6.49%. 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 Bms Birlesik Metal Sanayi ve Ticaret stock

Bms Birlesik Metal Sanayi ve Ticaret finds support from accumulated volume at TRY 36.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 2.06 between high and low, or 5.63%. For the last week, the stock has had daily average volatility of 6.81%.

Our recommended stop-loss: TRY 34.74 (-5.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 36 days ago.)

Trading Expectations (BMSTL.IS) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Bms Birlesik Metal Sanayi ve Ticaret A.S. to open at TRY 37.37, and during the day (based on 14 day Average True Range), to move between TRY 35.03 and TRY 38.69, which gives a possible trading interval of +/-TRY 1.83 (+/-4.97%) up or down from last closing price. If Bms Birlesik Metal Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 9.94% 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 36.70 (0.43%) than the resistance at TRY 38.40 (4.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bms Birlesik Metal Sanayi ve Ticaret A.S. stock A Buy?

Bms Birlesik Metal 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.138 Hold/Accumulate Downgraded

Predicted Opening Price for Bms Birlesik Metal Sanayi ve Ticaret A.S. of Monday, June 3, 2024

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