Döktas Dökümcülük Ticaret ve Sanayi Stock Forecast
Döktas Dökümcülük Ticaret ve Sanayi stock price took a fall of -9.98% on Monday
(Updated on May 13, 2024)
The Döktas Dökümcülük Ticaret ve Sanayi stock price fell by -9.98% on the last day (Monday, 13th May 2024) from TRY 39.48 to TRY 35.54. During the last trading day the stock fluctuated 5.80% from a day low at TRY 35.54 to a day high of TRY 37.60. The price has been going up and down for this period, and there has been a 0.62% 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 -1 million shares and in total, 1 million shares were bought and sold for approximately TRY 51.97 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.46% during the next 3 months and, with a 90% probability hold a price between TRY 27.53 and TRY 36.48 at the end of this 3-month period.
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DOKTA.IS Signals & Forecast
The Döktas Dökümcülük Ticaret ve Sanayi 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 36.99. On a fall, the stock will find some support from the long-term average at approximately TRY 34.82. 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. 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 Friday, May 10, 2024, and so far it has fallen -9.98%. 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 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 Döktas Dökümcülük Ticaret ve Sanayi stock
Döktas Dökümcülük Ticaret ve Sanayi finds support from accumulated volume at TRY 35.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 2.06 between high and low, or 5.80%. For the last week, the stock has had daily average volatility of 5.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DOKTA.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Döktas Dökümcülük Ticaret ve Sanayi A.S. to open at TRY 36.23, and during the day (based on 14 day Average True Range), to move between TRY 33.66 and TRY 37.42, which gives a possible trading interval of +/-TRY 1.88 (+/-5.30%) up or down from last closing price. If Döktas Dökümcülük Ticaret ve Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 10.60% 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 35.32 (0.62%) than the resistance at TRY 38.16 (7.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Döktas Dökümcülük Ticaret ve Sanayi A.S. stock A Buy?
Döktas Dökümcülük Ticaret ve Sanayi holds several negative signals and we believe that 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 Buy to a Sell candidate.
Current score: -2.023 Sell Candidate Downgraded
Predicted Opening Price for Döktas Dökümcülük Ticaret ve Sanayi A.S. of Tuesday, May 14, 2024
Fair opening price May 14, 2024 | Current price |
---|---|
TRY 36.23 ( 1.93%) | TRY 35.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOKTA.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 38.29 | 7.73 % | |
R2 | 37.50 | 5.51 % | ||
R1 | 37.01 | 4.15 % | ||
Current price: | 35.54 | |||
Support | S1 | 35.44 | -0.282 % | |
S2 | 34.95 | -1.65 % | ||
S3 | 34.17 | -3.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.48 | 11.09 % | |
R2 | 38.42 | 8.10 % | ||
R1 | 38.16 | 7.37 % | ||
Current price | 35.54 | |||
Support | S1 | 35.32 | -0.619% | |
S2 | 35.18 | -1.01% | ||
S3 | 31.34 | -11.82% |
FAQ
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