Birikim Varlik Yonetim Anonim Sirketi Stock Forecast

Big movements in Birikim Varlik Yonetim Anonim Sirketi stock price on Monday moving 15.63% between high and low
(Updated on May 13, 2024)

BRKVY.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Birikim Varlik Yonetim Anonim Sirketi 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 82.93 and TRY 170.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -73.57%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Birikim Varlik Yonetim Anonim Sirketi 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 9.70 between high and low, or 15.63%. For the last week, the stock has had daily average volatility of 10.72%.

Birikim Varlik Yonetim Anonim Sirketi is oversold on RSI14 (3). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

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

For the upcoming trading day on Tuesday, 14th we expect Birikim Varlik Yonetim Anonim Sirketi to open at TRY 65.63, and during the day (based on 14 day Average True Range), to move between TRY 48.43 and TRY 77.77, which gives a possible trading interval of +/-TRY 14.67 (+/-23.24%) up or down from last closing price. If Birikim Varlik Yonetim Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 46.49% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ TRY 65.45, some TRY 2.35 (3.72%) from the current price of TRY 63.10, our system finds the risk reward not very attractive.

Is Birikim Varlik Yonetim Anonim Sirketi stock A Buy?

Birikim Varlik Yonetim Anonim Sirketi 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.344 Strong Sell Candidate Downgraded

Predicted Opening Price for Birikim Varlik Yonetim Anonim Sirketi of Tuesday, May 14, 2024

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