DYO Boya Fabrikalari Sanayi ve Ticaret Stock Forecast
Green day on Thursday for DYO Boya Fabrikalari Sanayi ve Ticaret stock after gaining 1.68%
(Updated on May 09, 2024)
The DYO Boya Fabrikalari Sanayi ve Ticaret stock price gained 1.68% on the last trading day (Thursday, 9th May 2024), rising from TRY 56.60 to TRY 57.55. During the last trading day the stock fluctuated 6.96% from a day low at TRY 56.75 to a day high of TRY 60.70. The price has been going up and down for this period, and there has been a 12.73% gain for the last 2 weeks. Volume fell on the last day by -264 thousand shares and in total, 3 million shares were bought and sold for approximately TRY 179.23 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong 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 74.08% during the next 3 months and, with a 90% probability hold a price between TRY 80.64 and TRY 109.45 at the end of this 3-month period.
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DYOBY.IS Signals & Forecast
The DYO Boya Fabrikalari Sanayi ve Ticaret 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 54.99 and TRY 43.27. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, May 07, 2024, and so far it has fallen -7.10%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for DYO Boya Fabrikalari Sanayi ve Ticaret stock
DYO Boya Fabrikalari Sanayi ve Ticaret finds support from accumulated volume at TRY 56.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 3.95 between high and low, or 6.96%. For the last week, the stock has had daily average volatility of 9.46%.
Our recommended stop-loss: TRY 54.65 (-5.04%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (DYOBY.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect DYO Boya Fabrikalari Sanayi ve Ticaret A.S. to open at TRY 58.33, and during the day (based on 14 day Average True Range), to move between TRY 53.96 and TRY 61.14, which gives a possible trading interval of +/-TRY 3.59 (+/-6.25%) up or down from last closing price. If DYO Boya Fabrikalari Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 12.49% 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 58.35 (1.39%) than the support at TRY 56.60 (1.65%), 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 DYO Boya Fabrikalari Sanayi ve Ticaret A.S. 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 DYO Boya Fabrikalari Sanayi ve Ticaret stock to perform well in the short-term.
Current score: 4.495 Buy Candidate Unchanged
Predicted Opening Price for DYO Boya Fabrikalari Sanayi ve Ticaret A.S. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 58.33 ( 1.36%) | TRY 57.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DYOBY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.28 | 8.22 % | |
| R2 | 60.77 | 5.60 % | ||
| R1 | 59.84 | 3.98 % | ||
| Current price: | 57.55 | |||
| Support | S1 | 56.82 | -1.26 % | |
| S2 | 55.89 | -2.88 % | ||
| S3 | 54.38 | -5.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 61.95 | 7.65 % | ||
| R1 | 58.35 | 1.39 % | ||
| Current price | 57.55 | |||
| Support | S1 | 56.60 | -1.65% | |
| S2 | 51.05 | -11.29% | ||
| S3 | 48.36 | -15.97% |
FAQ
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