RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DESA.IS
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Desa Deri Sanayi ve Ticaret A.S. stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Desa Deri Sanayi ve Ticaret A.S. stock price gained 3.13% on the last trading day (Wednesday, 27th Mar 2024), rising from TRY 23.04 to TRY 23.76. During the last trading day the stock fluctuated 8.85% from a day low at TRY 23.28 to a day high of TRY 25.34. The price has fallen in 6 of the last 10 days but is still up by 2.68% 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, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately TRY 80.46 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.18% during the next 3 months and, with a 90% probability hold a price between TRY 28.99 and TRY 34.14 at the end of this 3-month period.

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DESA.IS Signals & Forecast

The Desa Deri Sanayi ve Ticaret A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 23.53 and TRY 23.67. 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). 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. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -6.90%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Desa Deri Sanayi ve Ticaret A.S. stock

Desa Deri Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 23.50 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 2.06 between high and low, or 8.85%. For the last week, the stock has had daily average volatility of 5.55%.

Our recommended stop-loss: TRY 22.57 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (DESA.IS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Desa Deri Sanayi ve Ticaret A.S. to open at TRY 24.13, and during the day (based on 14 day Average True Range), to move between TRY 22.34 and TRY 25.18, which gives a possible trading interval of +/-TRY 1.42 (+/-5.97%) up or down from last closing price. If Desa Deri Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 11.94% 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 23.50 (1.09%) than the resistance at TRY 24.70 (3.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Desa Deri Sanayi ve Ticaret A.S. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Desa Deri Sanayi ve Ticaret A.S. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.421 Buy Candidate Upgraded

Predicted Opening Price for Desa Deri Sanayi ve Ticaret A.S. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
TRY 24.13 ( 1.54%) TRY 23.76

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DESA.IS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 26.19 10.21 %
R2 25.40 6.90 %
R1 24.91 4.86 %
Current price: 23.76
Support S1 23.34 -1.77 %
S2 22.85 -3.81 %
S3 22.07 -7.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 25.52 7.41 %
R2 25.02 5.30 %
R1 24.70 3.96 %
Current price 23.76
Support S1 23.50 -1.09%
S2 23.20 -2.36%
S3 21.92 -7.74%

FAQ

What is the symbol for Desa Deri Sanayi ve Ticaret A.S. Stock and on which exchange is it traded?
The symbol for Desa Deri Sanayi ve Ticaret A.S. is DESA.IS and it is traded on the BIST (Istanbul Stock Exchange).

Should I buy or sell Desa Deri Sanayi ve Ticaret A.S. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Desa Deri Sanayi ve Ticaret A.S. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Desa Deri Sanayi ve Ticaret A.S. Stock?
Desa Deri Sanayi ve Ticaret A.S. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Desa Deri Sanayi ve Ticaret A.S. Stock.

What's the current price of Desa Deri Sanayi ve Ticaret A.S. Stock?
As of the end of day on the 2024-03-27, the price of an Desa Deri Sanayi ve Ticaret A.S. (DESA.IS) share was TRY 23.76.

What is the 52-week high and low for Desa Deri Sanayi ve Ticaret A.S. Stock?
The 52-week high for Desa Deri Sanayi ve Ticaret A.S. Stock is TRY 62.30 and the 52-week low is TRY 11.07.
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About Desa Deri Sanayi ve Ticaret A.S.

Desa Deri Sanayi ve Ticaret A.S. Desa Deri Sanayi ve Ticaret A.S. manufactures, imports, and export, and sells leather and leather products primarily in Turkey. The company offers ready-to-wear, bags, shoes, and various leather craft products for men and women. It markets and sells its products through 132 retail stores, including 63 Desa, 39 Desa Samsonite, 3 Desa franchise, 2 Albania franchise, 17 Samsonite JV, 3 Tumi, and 5 virtual stores; 2 Desa franchise store in Albania; a... DESA.IS Profile

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