Datagate Bilgisayar Malzemeleri Ticaret Stock Forecast
Datagate Bilgisayar Malzemeleri Ticaret stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The Datagate Bilgisayar Malzemeleri Ticaret stock price fell by -3.68% on the last day (Friday, 26th Apr 2024) from TRY 48.34 to TRY 46.56. During the last trading day the stock fluctuated 3.91% from a day low at TRY 46.52 to a day high of TRY 48.34. The price has been going up and down for this period, and there has been a 6.59% gain for the last 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 -49 thousand shares and in total, 836 thousand shares were bought and sold for approximately TRY 38.94 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 42.87 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 33.10% during the next 3 months and, with a 90% probability hold a price between TRY 57.06 and TRY 86.43 at the end of this 3-month period.
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DGATE.IS Signals & Forecast
The Datagate Bilgisayar Malzemeleri Ticaret stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 46.77. On a fall, the stock will find some support from the long-term average at approximately TRY 46.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, March 13, 2024, and so far it has fallen -18.89%. 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 Datagate Bilgisayar Malzemeleri Ticaret stock
Datagate Bilgisayar Malzemeleri Ticaret finds support from accumulated volume at TRY 44.86 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 1.82 between high and low, or 3.91%. For the last week, the stock has had daily average volatility of 7.34%.
Our recommended stop-loss: TRY 43.83 (-5.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (DGATE.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Datagate Bilgisayar Malzemeleri Ticaret Anonim Sriketi to open at TRY 47.14, and during the day (based on 14 day Average True Range), to move between TRY 42.74 and TRY 50.38, which gives a possible trading interval of +/-TRY 3.82 (+/-8.20%) up or down from last closing price. If Datagate Bilgisayar Malzemeleri Ticaret Anonim Sriketi takes out the full calculated possible swing range there will be an estimated 16.40% 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 44.86 (3.65%) than the resistance at TRY 49.74 (6.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Datagate Bilgisayar Malzemeleri Ticaret Anonim Sriketi 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 Datagate Bilgisayar Malzemeleri Ticaret 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: 1.423 Buy Candidate Upgraded
Predicted Opening Price for Datagate Bilgisayar Malzemeleri Ticaret Anonim Sriketi of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 47.14 ( 1.25%) | TRY 46.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DGATE.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.96 | 5.15 % | |
| R2 | 48.26 | 3.66 % | ||
| R1 | 47.84 | 2.74 % | ||
| Current price: | 46.56 | |||
| Support | S1 | 46.44 | -0.248 % | |
| S2 | 46.02 | -1.17 % | ||
| S3 | 45.32 | -2.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.45 | 16.95 % | |
| R2 | 50.50 | 8.46 % | ||
| R1 | 49.74 | 6.83 % | ||
| Current price | 46.56 | |||
| Support | S1 | 44.86 | -3.65% | |
| S2 | 43.10 | -7.43% | ||
| S3 | 39.50 | -15.16% |
FAQ
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