Dogan Burda Dergi Yayincilik Ve Stock Forecast
Evaluation of Dogan Burda Dergi Yayincilik Ve stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The Dogan Burda Dergi Yayincilik Ve stock price fell by -4.52% on the last day (Friday, 26th Apr 2024) from TRY 174.70 to TRY 166.80. During the last trading day the stock fluctuated 6.39% from a day low at TRY 166.00 to a day high of TRY 176.60. The price has fallen in 6 of the last 10 days but is still up by 6.92% over the past 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 -277 thousand shares and in total, 459 thousand shares were bought and sold for approximately TRY 76.62 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 165.57 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 99.32% during the next 3 months and, with a 90% probability hold a price between TRY 330.02 and TRY 514.21 at the end of this 3-month period.
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DOBUR.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 Dogan Burda Dergi Yayincilik Ve stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 173.11 and TRY 171.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -20.08%. 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 Dogan Burda Dergi Yayincilik Ve stock
Dogan Burda Dergi Yayincilik Ve finds support from accumulated volume at TRY 162.00 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 10.60 between high and low, or 6.39%. For the last week, the stock has had daily average volatility of 7.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DOBUR.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Dogan Burda Dergi Yayincilik Ve Pazarlama A.S. to open at TRY 169.80, and during the day (based on 14 day Average True Range), to move between TRY 150.30 and TRY 183.30, which gives a possible trading interval of +/-TRY 16.50 (+/-9.89%) up or down from last closing price. If Dogan Burda Dergi Yayincilik Ve Pazarlama A.S. takes out the full calculated possible swing range there will be an estimated 19.78% 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 162.00 (2.88%) than the resistance at TRY 174.70 (4.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dogan Burda Dergi Yayincilik Ve Pazarlama A.S. stock A Buy?
The Dogan Burda Dergi Yayincilik Ve stock holds several negative signals and despite the positive trend, we believe Dogan Burda Dergi Yayincilik Ve will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Strong Sell candidate.
Current score: -5.507 Strong Sell Candidate Downgraded
Predicted Opening Price for Dogan Burda Dergi Yayincilik Ve Pazarlama A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 169.80 ( 1.80%) | TRY 166.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOBUR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.40 | 8.15 % | |
| R2 | 176.35 | 5.73 % | ||
| R1 | 173.85 | 4.23 % | ||
| Current price: | 166.80 | |||
| Support | S1 | 165.75 | -0.629 % | |
| S2 | 163.25 | -2.13 % | ||
| S3 | 159.20 | -4.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 208.00 | 24.70 % | |
| R2 | 181.00 | 8.51 % | ||
| R1 | 174.70 | 4.74 % | ||
| Current price | 166.80 | |||
| Support | S1 | 162.00 | -2.88% | |
| S2 | 154.00 | -7.67% | ||
| S3 | 146.00 | -12.47% |
FAQ
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