Ditas Dogan Yedek Parça Imalat ve Stock Forecast

Ditas Dogan Yedek Parça Imalat ve stock downgraded from Sell Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Jun 07, 2024)

DITAS.IS Signals & Forecast

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. 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 16.49 and TRY 19.09. 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 -43.72%. 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 Ditas Dogan Yedek Parça Imalat ve stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 0.550 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 3.77%.

Ditas Dogan Yedek Parça Imalat ve is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 Monday 10th

For the upcoming trading day on Monday, 10th we expect Ditas Dogan Yedek Parça Imalat ve Teknik A.S. to open at TRY 16.24, and during the day (based on 14 day Average True Range), to move between TRY 15.19 and TRY 17.09, which gives a possible trading interval of +/-TRY 0.95 (+/-5.89%) 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 11.78% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ TRY 18.80, some TRY 2.66 (16.48%) from the current price of TRY 16.14, our system finds the risk reward not very attractive.

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

Ditas Dogan Yedek Parça Imalat ve holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.009 Strong Sell Candidate Downgraded

Predicted Opening Price for Ditas Dogan Yedek Parça Imalat ve Teknik A.S. of Monday, June 10, 2024

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