DO & CO Aktiengesellschaft Stock Forecast
DO & CO Aktiengesellschaft stock upgraded to Buy Candidate.
(Updated on May 09, 2024)
The DO & CO Aktiengesellschaft stock price gained 2.08% on the last trading day (Thursday, 9th May 2024), rising from TRY 4,920.00 to TRY 5,022.50. During the last trading day the stock fluctuated 2.99% from a day low at TRY 4,932.50 to a day high of TRY 5,080.00. The price has risen in 6 of the last 10 days and is up by 3.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately TRY 35.42 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.46% during the next 3 months and, with a 90% probability hold a price between TRY 4,783.29 and TRY 5,771.91 at the end of this 3-month period.
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DOCO.IS Signals & Forecast
The DO & CO Aktiengesellschaft stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 5,012.86 and TRY 4,928.00. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy 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. 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 -5.19%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for DO & CO Aktiengesellschaft stock
DO & CO Aktiengesellschaft finds support from accumulated volume at TRY 4,907.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved TRY 147.50 between high and low, or 2.99%. For the last week the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: TRY 4,746.20 (-5.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (DOCO.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect DO & CO Aktiengesellschaft to open at TRY 5,011.67, and during the day (based on 14 day Average True Range), to move between TRY 4,881.76 and TRY 5,163.24, which gives a possible trading interval of +/-TRY 140.74 (+/-2.80%) up or down from last closing price. If DO & CO Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 5.60% 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 5,080.00 (1.14%) than the support at TRY 4,907.50 (2.29%), 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 DO & CO Aktiengesellschaft 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 DO & CO Aktiengesellschaft stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.728 Buy Candidate Upgraded
Predicted Opening Price for DO & CO Aktiengesellschaft of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 5,011.67 ( 0.216%) | TRY 5,022.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOCO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,159.17 | 2.72 % | |
| R2 | 5,102.82 | 1.60 % | ||
| R1 | 5,068.01 | 0.91 % | ||
| Current price: | 5,022.50 | |||
| Support | S1 | 4,955.32 | -1.34 % | |
| S2 | 4,920.51 | -2.03 % | ||
| S3 | 4,864.17 | -3.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,250.00 | 4.53 % | |
| R2 | 5,237.50 | 4.28 % | ||
| R1 | 5,080.00 | 1.14 % | ||
| Current price | 5,022.50 | |||
| Support | S1 | 4,907.50 | -2.29% | |
| S2 | 4,712.50 | -6.17% | ||
| S3 | 4,642.50 | -7.57% |
FAQ
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