Dardanel Onentas Gida Sanayi A.S. Stock Forecast
Big movements in Dardanel Onentas Gida Sanayi A.S. stock price on Friday moving 10.63% between high and low
(Updated on May 17, 2024)
The Dardanel Onentas Gida Sanayi A.S. stock price gained 8.74% on the last trading day (Friday, 17th May 2024), rising from TRY 7.67 to TRY 8.34. It has now gained 4 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 10.63% from a day low at TRY 7.62 to a day high of TRY 8.43. The price has risen in 8 of the last 10 days and is up by 10.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 million more shares were traded than the day before. In total, 32 million shares were bought and sold for approximately TRY 267.41 million.
Given the current short-term trend, the stock is expected to fall -2.84% during the next 3 months and, with a 90% probability hold a price between TRY 5.47 and TRY 8.10 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 7.76 and TRY 6.86. 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 45.30%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 Dardanel Onentas Gida Sanayi A.S. stock
Dardanel Onentas Gida Sanayi A.S. finds support from accumulated volume at TRY 8.08 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 0.81 between high and low, or 10.63%. For the last week, the stock has had daily average volatility of 6.37%.
Our recommended stop-loss: TRY 8.02 (-3.78%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (DARDL.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Dardanel Onentas Gida Sanayi A.S. to open at TRY 8.13, and during the day (based on 14 day Average True Range), to move between TRY 7.90 and TRY 8.78, which gives a possible trading interval of +/-TRY 0.442 (+/-5.29%) 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 10.59% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 8.08, some TRY 0.260 (3.12%) from the current price of TRY 8.34, our system finds the risk reward attractive.
Is Dardanel Onentas Gida Sanayi A.S. stock A Buy?
Dardanel Onentas Gida Sanayi 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 Dardanel Onentas Gida Sanayi 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 Hold/Accumulate to a Strong Buy candidate.
Current score: 6.084 Strong Buy Candidate Upgraded
Predicted Opening Price for Dardanel Onentas Gida Sanayi A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 8.13 ( 2.52%) | TRY 8.34 |
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 | 8.94 | 7.19 % | |
| R2 | 8.63 | 3.48 % | ||
| R1 | 8.44 | 1.19 % | ||
| Current price: | 8.34 | |||
| Support | S1 | 7.82 | -6.23 % | |
| S2 | 7.63 | -8.52 % | ||
| S3 | 7.32 | -12.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 8.34 | |||
| Support | S1 | 8.08 | -3.12% | |
| S2 | 7.92 | -5.04% | ||
| S3 | 6.91 | -17.15% |
FAQ
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