Duran Dogan Basim ve Ambalaj Sanayi A.S. Stock Forecast
Evaluation of Duran Dogan Basim ve Ambalaj Sanayi A.S. stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The Duran Dogan Basim ve Ambalaj Sanayi A.S. stock price fell by -2.28% on the last day (Friday, 26th Apr 2024) from TRY 16.70 to TRY 16.32. During the last trading day the stock fluctuated 2.90% from a day low at TRY 16.23 to a day high of TRY 16.70. The price has fallen in 6 of the last 10 days and is down by -1.69% for this period. 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 -124 thousand shares and in total, 862 thousand shares were bought and sold for approximately TRY 14.07 million.
The stock lies in the middle of a 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 -17.24% during the next 3 months and, with a 90% probability hold a price between TRY 11.75 and TRY 14.43 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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 16.36 and TRY 16.51. 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 09, 2024, and so far it has fallen -2.91%. 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 Duran Dogan Basim ve Ambalaj Sanayi A.S. stock
Duran Dogan Basim ve Ambalaj Sanayi A.S. finds support from accumulated volume at TRY 15.94 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 0.470 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 4.14%.
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 Monday 29th
For the upcoming trading day on Monday, 29th we expect Duran Dogan Basim ve Ambalaj Sanayi A.S. to open at TRY 16.42, and during the day (based on 14 day Average True Range), to move between TRY 15.59 and TRY 17.05, which gives a possible trading interval of +/-TRY 0.726 (+/-4.45%) 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 8.89% 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 16.57 (1.53%) than the support at TRY 15.94 (2.33%), 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 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 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 Buy to a Sell candidate.
Current score: -3.665 Sell Candidate Downgraded
Predicted Opening Price for Duran Dogan Basim ve Ambalaj Sanayi A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 16.42 ( 0.592%) | TRY 16.32 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 16.89 | 3.47 % | |
| R2 | 16.71 | 2.37 % | ||
| R1 | 16.60 | 1.69 % | ||
| Current price: | 16.32 | |||
| Support | S1 | 16.24 | -0.508 % | |
| S2 | 16.13 | -1.19 % | ||
| S3 | 15.95 | -2.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.32 | 18.38 % | |
| R2 | 19.10 | 17.03 % | ||
| R1 | 16.57 | 1.53 % | ||
| Current price | 16.32 | |||
| Support | S1 | 15.94 | -2.33% | |
| S2 | 15.57 | -4.60% | ||
| S3 | 14.98 | -8.21% |
FAQ
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