Duran Dogan Basim ve Ambalaj Sanayi A.S. Stock Forecast
Duran Dogan Basim ve Ambalaj Sanayi A.S. stock price ended at TRY 13.39 on Wednesday, after losing 1.83%.
(Updated on Jul 03, 2024)
The Duran Dogan Basim ve Ambalaj Sanayi A.S. stock price fell by -1.83% on the last day (Wednesday, 3rd Jul 2024) from TRY 13.64 to TRY 13.39. During the last trading day the stock fluctuated 4.54% from a day low at TRY 13.23 to a day high of TRY 13.83. The price has fallen in 6 of the last 10 days and is down by -8.91% for this period. Volume has increased on the last day by 417 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 675 thousand shares were bought and sold for approximately TRY 9.03 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 -15.66% during the next 3 months and, with a 90% probability hold a price between TRY 10.10 and TRY 13.63 at the end of this 3-month period.
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DURDO.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 Duran Dogan Basim ve Ambalaj Sanayi A.S. 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 13.86 and TRY 15.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -25.98%. Further fall is indicated until a new bottom pivot has been found. 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 Duran Dogan Basim ve Ambalaj Sanayi A.S. 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 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 0.600 between high and low, or 4.54%. For the last week, the stock has had daily average volatility of 3.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DURDO.IS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Duran Dogan Basim ve Ambalaj Sanayi A.S. to open at TRY 13.48, and during the day (based on 14 day Average True Range), to move between TRY 12.76 and TRY 14.02, which gives a possible trading interval of +/-TRY 0.634 (+/-4.73%) up or down from last closing price. If Duran Dogan Basim ve Ambalaj Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 9.47% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 16.26, some TRY 2.87 (21.43%) from the current price of TRY 13.39, our system finds the risk reward not very attractive.
Is Duran Dogan Basim ve Ambalaj Sanayi A.S. stock A Buy?
Duran Dogan Basim ve Ambalaj Sanayi A.S. 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.
Current score: -4.183 Sell Candidate Unchanged
Predicted Opening Price for Duran Dogan Basim ve Ambalaj Sanayi A.S. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| TRY 13.48 ( 0.697%) | TRY 13.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DURDO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.08 | 5.18% |
| R2 | 13.85 | 3.47% |
| R1 | 13.71 | 2.41% |
| Price | 13.39 | |
| S1 | 13.25 | -1.01% |
| S2 | 13.11 | -2.07% |
| S3 | 12.88 | -3.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.57 | 23.75% |
| R2 | 16.32 | 21.88% |
| R1 | 16.26 | 21.43% |
| Price | 13.39 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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