CW Enerji Mühendislik Ticaret ve Sanayi Stock Forecast
CW Enerji Mühendislik Ticaret ve Sanayi stock price down 0.0956% on Friday
(Updated on May 10, 2024)
The CW Enerji Mühendislik Ticaret ve Sanayi stock price fell by -0.0956% on the last day (Friday, 10th May 2024) from TRY 261.50 to TRY 261.25. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.89% from a day low at TRY 257.00 to a day high of TRY 267.00. The price has fallen in 7 of the last 10 days and is down by -12.55% for this period. 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 -239 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 268.90 million.
The stock lies in the middle of a very 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 -13.68% during the next 3 months and, with a 90% probability hold a price between TRY 207.03 and TRY 260.63 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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CWENE.IS Signals & Forecast
There are few to no technical positive signals at the moment. The CW Enerji Mühendislik Ticaret ve Sanayi 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 282.11 and TRY 282.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -14.62%. 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 CW Enerji Mühendislik Ticaret ve Sanayi 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 10.00 between high and low, or 3.89%. For the last week, the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CWENE.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi to open at TRY 261.75, and during the day (based on 14 day Average True Range), to move between TRY 248.08 and TRY 274.42, which gives a possible trading interval of +/-TRY 13.17 (+/-5.04%) up or down from last closing price. If CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 10.08% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 275.25, some TRY 14.00 (5.36%) from the current price of TRY 261.25, our system finds the risk reward not very attractive.
Is CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi stock A Buy?
CW Enerji Mühendislik Ticaret ve Sanayi holds several negative signals and is within a very 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: -4.094 Sell Candidate Unchanged
Predicted Opening Price for CW Enerji Mühendislik Ticaret ve Sanayi Anonim Sirketi of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 261.75 ( 0.191%) | TRY 261.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CWENE.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 271.75 | 4.02 % | |
| R2 | 267.93 | 2.56 % | ||
| R1 | 265.57 | 1.65 % | ||
| Current price: | 261.25 | |||
| Support | S1 | 257.93 | -1.27 % | |
| S2 | 255.57 | -2.17 % | ||
| S3 | 251.75 | -3.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 299.00 | 14.45 % | |
| R2 | 286.00 | 9.47 % | ||
| R1 | 275.25 | 5.36 % | ||
| Current price | 261.25 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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