Batiçim Bati Anadolu Çimento Sanayii Stock Forecast
Batiçim Bati Anadolu Çimento Sanayii stock price down 0.148% on Monday
(Updated on Apr 22, 2024)
The Batiçim Bati Anadolu Çimento Sanayii stock price fell by -0.148% on the last day (Monday, 22nd Apr 2024) from TRY 135.20 to TRY 135.00. During the last trading day the stock fluctuated 2.90% from a day low at TRY 134.40 to a day high of TRY 138.30. The price has fallen in 6 of the last 10 days but is still up by 3.21% over the past 2 weeks. Volume has increased on the last day by 206 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, 2 million shares were bought and sold for approximately TRY 281.20 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 136.35 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.23% during the next 3 months and, with a 90% probability hold a price between TRY 145.71 and TRY 163.93 at the end of this 3-month period.
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BTCIM.IS Signals & Forecast
The Batiçim Bati Anadolu Çimento Sanayii stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 133.66 and TRY 124.77. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -0.442%. 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 Batiçim Bati Anadolu Çimento Sanayii stock
Batiçim Bati Anadolu Çimento Sanayii finds support from accumulated volume at TRY 134.10 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 3.90 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: TRY 131.19 (-2.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (BTCIM.IS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi to open at TRY 135.90, and during the day (based on 14 day Average True Range), to move between TRY 129.33 and TRY 140.67, which gives a possible trading interval of +/-TRY 5.67 (+/-4.20%) up or down from last closing price. If Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 8.40% 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 135.10 (0.07%) than the support at TRY 134.10 (0.67%), 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 Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Batiçim Bati Anadolu Çimento Sanayii stock to perform well in the short-term.
Current score: 3.743 Buy Candidate Unchanged
Predicted Opening Price for Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| TRY 135.90 ( 0.667%) | TRY 135.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTCIM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 139.80 | 3.56 % | |
| R2 | 138.31 | 2.45 % | ||
| R1 | 137.39 | 1.77 % | ||
| Current price: | 135.00 | |||
| Support | S1 | 134.41 | -0.437 % | |
| S2 | 133.49 | -1.12 % | ||
| S3 | 132.00 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.60 | 0.444 % | |
| R2 | 135.20 | 0.148 % | ||
| R1 | 135.10 | 0.0741 % | ||
| Current price | 135.00 | |||
| Support | S1 | 134.10 | -0.667% | |
| S2 | 125.00 | -7.41% | ||
| S3 | 116.00 | -14.07% |
FAQ
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