Ebebek Magazacilik Anonim Sirketi Stock Forecast
Green day on Friday for Ebebek Magazacilik Anonim Sirketi stock after gaining 0.204%
(Updated on May 10, 2024)
The Ebebek Magazacilik Anonim Sirketi stock price gained 0.204% on the last trading day (Friday, 10th May 2024), rising from TRY 48.90 to TRY 49.00. During the last trading day the stock fluctuated 1.65% from a day low at TRY 48.34 to a day high of TRY 49.14. The price has been going up and down for this period, and there has been a -0.61% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 147 thousand more shares were traded than the day before. In total, 949 thousand shares were bought and sold for approximately TRY 46.51 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at TRY 51.14 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -31.87% during the next 3 months and, with a 90% probability hold a price between TRY 25.76 and TRY 34.84 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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EBEBK.IS Signals & Forecast
There are mixed signals in the stock today. The Ebebek Magazacilik Anonim Sirketi 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 49.23 and TRY 50.76. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 3.95%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ebebek Magazacilik Anonim Sirketi stock
Ebebek Magazacilik Anonim Sirketi finds support from accumulated volume at TRY 48.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 0.800 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: TRY 46.23 (-5.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (EBEBK.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Ebebek Magazacilik Anonim Sirketi to open at TRY 48.83, and during the day (based on 14 day Average True Range), to move between TRY 47.41 and TRY 50.59, which gives a possible trading interval of +/-TRY 1.59 (+/-3.24%) up or down from last closing price. If Ebebek Magazacilik Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 6.48% 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 49.30 (0.61%) than the support at TRY 48.50 (1.02%), 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 Ebebek Magazacilik Anonim Sirketi stock A Buy?
Ebebek Magazacilik Anonim Sirketi holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.035 Hold/Accumulate Unchanged
Predicted Opening Price for Ebebek Magazacilik Anonim Sirketi of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 48.83 ( 0.354%) | TRY 49.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBEBK.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.63 | 1.28 % | |
| R2 | 49.32 | 0.655 % | ||
| R1 | 49.13 | 0.270 % | ||
| Current price: | 49.00 | |||
| Support | S1 | 48.52 | -0.98 % | |
| S2 | 48.33 | -1.36 % | ||
| S3 | 48.03 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.85 | 7.86 % | |
| R2 | 49.58 | 1.18 % | ||
| R1 | 49.30 | 0.612 % | ||
| Current price | 49.00 | |||
| Support | S1 | 48.50 | -1.02% | |
| S2 | 48.30 | -1.43% | ||
| S3 | 47.14 | -3.80% |
FAQ
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