Despec Bilgisayar Pazarlama ve Ticaret Stock Forecast
Green day on Friday for Despec Bilgisayar Pazarlama ve Ticaret stock after gaining 1.72%
(Updated on Apr 26, 2024)
The Despec Bilgisayar Pazarlama ve Ticaret stock price gained 1.72% on the last trading day (Friday, 26th Apr 2024), rising from TRY 52.40 to TRY 53.30. During the last trading day the stock fluctuated 7.93% from a day low at TRY 51.10 to a day high of TRY 55.15. The price has been going up and down for this period, and there has been a 3.5% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 418 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately TRY 64.40 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 49.03 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 25.59% during the next 3 months and, with a 90% probability hold a price between TRY 61.58 and TRY 94.52 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DESPC.IS Signals & Forecast
There are mixed signals in the stock today. The Despec Bilgisayar Pazarlama ve Ticaret stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 54.21. On a fall, the stock will find some support from the short-term average at TRY 51.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -24.02%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Despec Bilgisayar Pazarlama ve Ticaret stock
Despec Bilgisayar Pazarlama ve Ticaret finds support from accumulated volume at TRY 53.05 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 4.05 between high and low, or 7.93%. For the last week, the stock has had daily average volatility of 7.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DESPC.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Despec Bilgisayar Pazarlama ve Ticaret Anonim Sirketi to open at TRY 53.18, and during the day (based on 14 day Average True Range), to move between TRY 48.59 and TRY 58.01, which gives a possible trading interval of +/-TRY 4.71 (+/-8.84%) up or down from last closing price. If Despec Bilgisayar Pazarlama ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 17.68% 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 53.05 (0.47%) than the resistance at TRY 54.00 (1.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Despec Bilgisayar Pazarlama ve Ticaret Anonim Sirketi stock A Buy?
Despec Bilgisayar Pazarlama ve Ticaret holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.738 Sell Candidate Unchanged
Predicted Opening Price for Despec Bilgisayar Pazarlama ve Ticaret Anonim Sirketi of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 53.18 ( 0.219%) | TRY 53.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DESPC.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.23 | 7.38 % | |
| R2 | 55.69 | 4.48 % | ||
| R1 | 54.73 | 2.68 % | ||
| Current price: | 53.30 | |||
| Support | S1 | 51.64 | -3.12 % | |
| S2 | 50.68 | -4.91 % | ||
| S3 | 49.13 | -7.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.70 | 23.26 % | |
| R2 | 59.35 | 11.35 % | ||
| R1 | 54.00 | 1.31 % | ||
| Current price | 53.30 | |||
| Support | S1 | 53.05 | -0.469% | |
| S2 | 49.76 | -6.64% | ||
| S3 | 46.46 | -12.83% |
FAQ
Click here for our free guide on how to buy Despec Bilgisayar Pazarlama ve Ticaret Anonim Sirketi Stock.
