Duran Dogan Basim ve Ambalaj Sanayi A.S. Stock Forecast
Duran Dogan Basim ve Ambalaj Sanayi A.S. stock price ended at TRY 17.38 on Tuesday, after losing 0.230%.
(Updated on May 07, 2024)
The Duran Dogan Basim ve Ambalaj Sanayi A.S. stock price fell by -0.230% on the last day (Tuesday, 7th May 2024) from TRY 17.42 to TRY 17.38. During the last trading day the stock fluctuated 4.14% from a day low at TRY 16.90 to a day high of TRY 17.60. The price has risen in 5 of the last 10 days and is up by 7.28% 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 -387 thousand shares and in total, 592 thousand shares were bought and sold for approximately TRY 10.29 million.
Given the current short-term trend, the stock is expected to fall -17.22% during the next 3 months and, with a 90% probability hold a price between TRY 11.42 and TRY 14.39 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
The Duran Dogan Basim ve Ambalaj Sanayi A.S. 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 16.77 and TRY 16.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 16.02%. Further rise is indicated until a new top pivot has been found. 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. 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 17.35 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 0.700 between high and low, or 4.14%. For the last week, the stock has had daily average volatility of 4.74%.
Our recommended stop-loss: TRY 16.42 (-5.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (DURDO.IS) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Duran Dogan Basim ve Ambalaj Sanayi A.S. to open at TRY 17.29, and during the day (based on 14 day Average True Range), to move between TRY 16.64 and TRY 18.12, which gives a possible trading interval of +/-TRY 0.741 (+/-4.26%) 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 8.53% 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 17.35 (0.17%) than the resistance at TRY 17.64 (1.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Duran Dogan Basim ve Ambalaj Sanayi A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.281 Buy Candidate Unchanged
Predicted Opening Price for Duran Dogan Basim ve Ambalaj Sanayi A.S. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| TRY 17.29 ( 0.499%) | TRY 17.38 |
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 | 17.99 | 3.53 % | |
| R2 | 17.73 | 1.99 % | ||
| R1 | 17.56 | 1.04 % | ||
| Current price: | 17.38 | |||
| Support | S1 | 17.03 | -2.04 % | |
| S2 | 16.86 | -2.99 % | ||
| S3 | 16.59 | -4.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.32 | 11.16 % | |
| R2 | 19.10 | 9.90 % | ||
| R1 | 17.64 | 1.50 % | ||
| Current price | 17.38 | |||
| Support | S1 | 17.35 | -0.173% | |
| S2 | 16.57 | -4.66% | ||
| S3 | 16.32 | -6.10% |
FAQ
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