Brisa Bridgestone Sabanci Lastik Sanayi Stock Forecast

Stronger technical forecast for Brisa Bridgestone Sabanci Lastik Sanayi stock price after Friday trading.
(Updated on May 17, 2024)

BRISA.IS Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 6.47%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brisa Bridgestone Sabanci Lastik Sanayi stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 123.50. On a fall, the stock will find some support from the short-term average at TRY 120.84. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Brisa Bridgestone Sabanci Lastik Sanayi stock

Brisa Bridgestone Sabanci Lastik Sanayi finds support from accumulated volume at TRY 120.90 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 3.00 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 3.46%.

Our recommended stop-loss: TRY 115.44 (-5.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (BRISA.IS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.S. to open at TRY 120.70, and during the day (based on 14 day Average True Range), to move between TRY 116.44 and TRY 126.96, which gives a possible trading interval of +/-TRY 5.26 (+/-4.33%) up or down from last closing price. If Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.65% 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 120.90 (0.66%) than the resistance at TRY 124.00 (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.S. stock A Buy?

Brisa Bridgestone Sabanci Lastik Sanayi 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.210 Hold/Accumulate Upgraded

Predicted Opening Price for Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.S. of Monday, May 20, 2024

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