Ceo Event Medya A.S. Stock Forecast
Ceo Event Medya A.S. stock upgraded from Buy Candidate to Strong Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The Ceo Event Medya A.S. stock price gained 1.96% on the last trading day (Monday, 20th May 2024), rising from TRY 20.42 to TRY 20.82. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.15% from a day low at TRY 20.26 to a day high of TRY 21.10. The price has risen in 8 of the last 10 days and is up by 15.67% over the past 2 weeks. Volume fell on the last day by -589 thousand shares and in total, 2 million shares were bought and sold for approximately TRY 36.30 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -15.65% during the next 3 months and, with a 90% probability hold a price between TRY 10.66 and TRY 17.56 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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CEOEM.IS Signals & Forecast
The Ceo Event Medya A.S. 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 19.18 and TRY 17.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 44.18%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ceo Event Medya A.S. stock
Ceo Event Medya A.S. finds support from accumulated volume at TRY 20.42 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 0.84 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 6.08%.
Our recommended stop-loss: TRY 20.18 (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 61 days ago.)
Trading Expectations (CEOEM.IS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Ceo Event Medya A.S. to open at TRY 20.73, and during the day (based on 14 day Average True Range), to move between TRY 19.84 and TRY 21.80, which gives a possible trading interval of +/-TRY 0.98 (+/-4.70%) up or down from last closing price. If Ceo Event Medya A.S. takes out the full calculated possible swing range there will be an estimated 9.41% 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 20.42 (1.92%) than the resistance at TRY 21.86 (5.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ceo Event Medya A.S. stock A Buy?
Ceo Event Medya A.S. holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Ceo Event Medya A.S. stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.291 Strong Buy Candidate Upgraded
Predicted Opening Price for Ceo Event Medya A.S. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| TRY 20.73 ( 0.448%) | TRY 20.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEOEM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.57 | 3.59 % | |
| R2 | 21.25 | 2.05 % | ||
| R1 | 21.05 | 1.09 % | ||
| Current price: | 20.82 | |||
| Support | S1 | 20.41 | -1.99 % | |
| S2 | 20.21 | -2.94 % | ||
| S3 | 19.89 | -4.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.60 | 8.55 % | |
| R2 | 22.30 | 7.11 % | ||
| R1 | 21.86 | 5.00 % | ||
| Current price | 20.82 | |||
| Support | S1 | 20.42 | -1.92% | |
| S2 | 19.94 | -4.23% | ||
| S3 | 18.00 | -13.54% |
FAQ
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