Dardanel Onentas Gida Sanayi A.S. Stock Forecast
Dardanel Onentas Gida Sanayi A.S. stock price ended at TRY 7.55 on Friday, after losing 2.45%.
(Updated on May 03, 2024)
The Dardanel Onentas Gida Sanayi A.S. stock price fell by -2.45% on the last day (Friday, 3rd May 2024) from TRY 7.74 to TRY 7.55. During the last trading day the stock fluctuated 4.53% from a day low at TRY 7.50 to a day high of TRY 7.84. The price has risen in 7 of the last 10 days and is up by 20.99% over the past 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 -3 million shares and in total, 8 million shares were bought and sold for approximately TRY 59.91 million.
The stock lies the upper part of a very wide and falling 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 7.71 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.65% during the next 3 months and, with a 90% probability hold a price between TRY 4.44 and TRY 6.43 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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DARDL.IS Signals & Forecast
The Dardanel Onentas Gida Sanayi 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 7.39 and TRY 6.61. 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, May 02, 2024, and so far it has fallen -2.45%. 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 Dardanel Onentas Gida Sanayi A.S. stock
Dardanel Onentas Gida Sanayi A.S. finds support from accumulated volume at TRY 7.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.340 between high and low, or 4.53%. For the last week, the stock has had daily average volatility of 5.65%.
Our recommended stop-loss: TRY 7.21 (-4.45%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DARDL.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Dardanel Onentas Gida Sanayi A.S. to open at TRY 7.63, and during the day (based on 14 day Average True Range), to move between TRY 7.17 and TRY 7.93, which gives a possible trading interval of +/-TRY 0.379 (+/-5.02%) up or down from last closing price. If Dardanel Onentas Gida Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 10.04% 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 7.42 (1.72%) than the resistance at TRY 7.92 (4.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dardanel Onentas Gida Sanayi A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.297 Buy Candidate Unchanged
Predicted Opening Price for Dardanel Onentas Gida Sanayi A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 7.63 ( 1.06%) | TRY 7.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DARDL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.97 | 5.56 % | |
| R2 | 7.84 | 3.84 % | ||
| R1 | 7.76 | 2.78 % | ||
| Current price: | 7.55 | |||
| Support | S1 | 7.50 | -0.661 % | |
| S2 | 7.42 | -1.72 % | ||
| S3 | 7.29 | -3.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.15 | 7.95 % | |
| R2 | 8.00 | 5.96 % | ||
| R1 | 7.92 | 4.90 % | ||
| Current price | 7.55 | |||
| Support | S1 | 7.42 | -1.72% | |
| S2 | 7.28 | -3.58% | ||
| S3 | 6.91 | -8.48% |
FAQ
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