Batisöke Söke Çimento Sanayii T.A.S. Stock Forecast

Batisöke Söke Çimento Sanayii T.A.S. stock price fell more than -6.50% Friday closing at TRY 22.44
(Updated on Apr 26, 2024)

BSOKE.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Batisöke Söke Çimento Sanayii T.A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 25.28 and TRY 23.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -16.83%. 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 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 Batisöke Söke Çimento Sanayii T.A.S. stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 20.96 and TRY 20.54. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Batisöke Söke Çimento Sanayii T.A.S. finds support just below today's level at TRY 20.96. If this is broken, then the next support from accumulated volume will be at TRY 20.54 and TRY 20.42.

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 2.04 between high and low, or 9.13%. For the last week, the stock has had daily average volatility of 7.42%.

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

Trading Expectations (BSOKE.IS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Batisöke Söke Çimento Sanayii T.A.S. to open at TRY 23.05, and during the day (based on 14 day Average True Range), to move between TRY 20.77 and TRY 24.11, which gives a possible trading interval of +/-TRY 1.67 (+/-7.42%) up or down from last closing price. If Batisöke Söke Çimento Sanayii T.A.S. takes out the full calculated possible swing range there will be an estimated 14.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at TRY 23.20 (3.39%) than the support at TRY 20.96 (6.60%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Batisöke Söke Çimento Sanayii T.A.S. stock A Buy?

The Batisöke Söke Çimento Sanayii T.A.S. stock holds several negative signals and despite the positive trend, we believe Batisöke Söke Çimento Sanayii T.A.S. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

Current score: -3.596 Sell Candidate Downgraded

Predicted Opening Price for Batisöke Söke Çimento Sanayii T.A.S. of Monday, April 29, 2024

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