Borusan Mannesmann Boru Sanayi ve Stock Forecast
Borusan Mannesmann Boru Sanayi ve stock price ended at TRY 451.00 on Friday, after losing 2.22%.
(Updated on Jun 28, 2024)
The Borusan Mannesmann Boru Sanayi ve stock price fell by -2.22% on the last day (Friday, 28th Jun 2024) from TRY 461.25 to TRY 451.00. During the last trading day the stock fluctuated 3.05% from a day low at TRY 450.25 to a day high of TRY 464.00. The price has been going up and down for this period, and there has been a -3.48% loss for the last 2 weeks. Volume has increased on the last day by 249 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 653 thousand shares were bought and sold for approximately TRY 294.59 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -27.27% during the next 3 months and, with a 90% probability hold a price between TRY 299.21 and TRY 351.72 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BRSAN.IS Signals & Forecast
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. The Borusan Mannesmann Boru Sanayi ve 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 474.07 and TRY 509.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -9.71%. Further fall is indicated until a new bottom pivot has been found. 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 Borusan Mannesmann Boru Sanayi ve 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 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 13.75 between high and low, or 3.05%. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRSAN.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Borusan Mannesmann Boru Sanayi ve Ticaret A.S. to open at TRY 455.08, and during the day (based on 14 day Average True Range), to move between TRY 435.81 and TRY 466.19, which gives a possible trading interval of +/-TRY 15.19 (+/-3.37%) up or down from last closing price. If Borusan Mannesmann Boru Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 6.74% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 474.50, some TRY 23.50 (5.21%) from the current price of TRY 451.00, our system finds the risk reward not very attractive.
Is Borusan Mannesmann Boru Sanayi ve Ticaret A.S. stock A Buy?
Borusan Mannesmann Boru Sanayi ve holds several negative signals and is within a 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.
Current score: -2.971 Sell Candidate Unchanged
Predicted Opening Price for Borusan Mannesmann Boru Sanayi ve Ticaret A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 455.08 ( 0.91%) | TRY 451.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRSAN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 468.83 | 3.95% |
| R2 | 463.58 | 2.79% |
| R1 | 460.34 | 2.07% |
| Price | 451.00 | |
| S1 | 449.83 | -0.259% |
| S2 | 446.59 | -0.98% |
| S3 | 441.33 | -2.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 502.50 | 11.42% |
| R2 | 498.00 | 10.42% |
| R1 | 474.50 | 5.21% |
| Price | 451.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
BRSAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2019 | May 31, 2019 | May 31, 2019 | TRY 0.82 | 10.79% |
| 2 | May 16, 2019 | May 16, 2019 | May 16, 2019 | TRY 0.82 | 11.04% |
| 3 | May 15, 2018 | May 15, 2018 | May 15, 2018 | TRY 0.615 | 6.47% |
| 4 | May 31, 2017 | May 31, 2017 | May 31, 2017 | TRY 0.595 | 6.62% |
| 5 | May 31, 2016 | May 31, 2016 | May 31, 2016 | TRY 0.140 | 1.88% |
FAQ
Click here for our free guide on how to buy Borusan Mannesmann Boru Sanayi ve Ticaret A.S. Stock.
