Birlesim Mühendislik Isitma Sogutma Stock Forecast
Stronger technical forecast for Birlesim Mühendislik Isitma Sogutma stock price after Friday trading.
(Updated on May 10, 2024)
The Birlesim Mühendislik Isitma Sogutma stock price gained 0.657% on the last trading day (Friday, 10th May 2024), rising from TRY 21.30 to TRY 21.44. During the last trading day the stock fluctuated 5.87% from a day low at TRY 20.80 to a day high of TRY 22.02. The price has fallen in 8 of the last 10 days and is down by -23.48% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately TRY 104.62 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 21.14 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -25.89% during the next 3 months and, with a 90% probability hold a price between TRY 15.67 and TRY 19.61 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BRLSM.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 0.657%. 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 Birlesim Mühendislik Isitma Sogutma 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 22.16 and TRY 25.80. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Birlesim Mühendislik Isitma Sogutma stock
Birlesim Mühendislik Isitma Sogutma finds support from accumulated volume at TRY 21.30 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 1.22 between high and low, or 5.87%. For the last week, the stock has had daily average volatility of 4.08%.
Birlesim Mühendislik Isitma Sogutma is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRLSM.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi to open at TRY 21.42, and during the day (based on 14 day Average True Range), to move between TRY 20.22 and TRY 22.66, which gives a possible trading interval of +/-TRY 1.22 (+/-5.69%) up or down from last closing price. If Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.39% 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 21.30 (0.65%) than the resistance at TRY 23.18 (8.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi stock A Buy?
Birlesim Mühendislik Isitma Sogutma 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.021 Sell Candidate Upgraded
Predicted Opening Price for Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
TRY 21.42 ( 0.0933%) | TRY 21.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRLSM.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.64 | 5.60 % | |
R2 | 22.17 | 3.42 % | ||
R1 | 21.89 | 2.08 % | ||
Current price: | 21.44 | |||
Support | S1 | 20.95 | -2.27 % | |
S2 | 20.67 | -3.61 % | ||
S3 | 20.20 | -5.78 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.20 | 12.87 % | |
R2 | 23.24 | 8.40 % | ||
R1 | 23.18 | 8.12 % | ||
Current price | 21.44 | |||
Support | S1 | 21.30 | -0.653% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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