Cimbeton Hazir Beton ve Prefabrik Yapi Stock Forecast
Red day on Friday for Cimbeton Hazir Beton ve Prefabrik Yapi
(Updated on Apr 26, 2024)
The Cimbeton Hazir Beton ve Prefabrik Yapi stock price fell by -2.58% on the last day (Friday, 26th Apr 2024) from TRY 4,070.00 to TRY 3,965.00. During the last trading day the stock fluctuated 5.17% from a day low at TRY 3,920.00 to a day high of TRY 4,122.50. The price has been going up and down for this period, and there has been a -8.54% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 thousand shares and in total, 40 thousand shares were bought and sold for approximately TRY 160.56 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 3,887.60 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 45.08% during the next 3 months and, with a 90% probability hold a price between TRY 5,639.97 and TRY 7,586.79 at the end of this 3-month period.
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CMBTN.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 Cimbeton Hazir Beton ve Prefabrik Yapi 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 4,112.14 and TRY 4,241.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -15.91%. Further fall is indicated until a new bottom pivot has been found. 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 Cimbeton Hazir Beton ve Prefabrik Yapi stock
Cimbeton Hazir Beton ve Prefabrik Yapi finds support from accumulated volume at TRY 3,850.00 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 202.50 between high and low, or 5.17%. For the last week, the stock has had daily average volatility of 5.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CMBTN.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Cimbeton Hazir Beton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret A.S. to open at TRY 4,002.50, and during the day (based on 14 day Average True Range), to move between TRY 3,686.79 and TRY 4,243.21, which gives a possible trading interval of +/-TRY 278.21 (+/-7.02%) up or down from last closing price. If Cimbeton Hazir Beton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 14.03% 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 3,990.00 (0.63%) than the support at TRY 3,850.00 (2.90%), 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 Cimbeton Hazir Beton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret A.S. stock A Buy?
The Cimbeton Hazir Beton ve Prefabrik Yapi stock holds several negative signals and despite the positive trend, we believe Cimbeton Hazir Beton ve Prefabrik Yapi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.408 Sell Candidate Unchanged
Predicted Opening Price for Cimbeton Hazir Beton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 4,002.50 ( 0.95%) | TRY 3,965.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CMBTN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,205.00 | 6.05 % | |
| R2 | 4,127.65 | 4.10 % | ||
| R1 | 4,079.86 | 2.90 % | ||
| Current price: | 3,965.00 | |||
| Support | S1 | 3,925.15 | -1.01 % | |
| S2 | 3,877.36 | -2.21 % | ||
| S3 | 3,800.00 | -4.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,555.00 | 14.88 % | |
| R2 | 4,210.00 | 6.18 % | ||
| R1 | 3,990.00 | 0.631 % | ||
| Current price | 3,965.00 | |||
| Support | S1 | 3,850.00 | -2.90% | |
| S2 | 3,272.50 | -17.47% | ||
| S3 | 3,215.00 | -18.92% |
FAQ
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