Ditas Dogan Yedek Parça Imalat ve Stock Forecast

Is Ditas Dogan Yedek Parça Imalat ve stock still a buy after falling -6.13% on Monday?
(Updated on May 13, 2024)

DITAS.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Ditas Dogan Yedek Parça Imalat ve stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 20.80 and TRY 22.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -31.66%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Ditas Dogan Yedek Parça Imalat ve stock

Ditas Dogan Yedek Parça Imalat ve finds support from accumulated volume at TRY 18.95 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 1.34 between high and low, or 6.87%. For the last week, the stock has had daily average volatility of 4.55%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DITAS.IS) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Ditas Dogan Yedek Parça Imalat ve Teknik A.S. to open at TRY 19.98, and during the day (based on 14 day Average True Range), to move between TRY 18.02 and TRY 21.18, which gives a possible trading interval of +/-TRY 1.58 (+/-8.05%) up or down from last closing price. If Ditas Dogan Yedek Parça Imalat ve Teknik A.S. takes out the full calculated possible swing range there will be an estimated 16.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at TRY 19.91 (1.58%) than the support at TRY 18.95 (3.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Ditas Dogan Yedek Parça Imalat ve Teknik A.S. stock A Buy?

The Ditas Dogan Yedek Parça Imalat ve stock holds several negative signals and despite the positive trend, we believe Ditas Dogan Yedek Parça Imalat ve will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.275 Sell Candidate Unchanged

Predicted Opening Price for Ditas Dogan Yedek Parça Imalat ve Teknik A.S. of Tuesday, May 14, 2024

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