Ebebek Magazacilik Anonim Sirketi Stock Forecast

Ebebek Magazacilik Anonim Sirketi stock price ended at TRY 47.28 on Wednesday, after losing 0%.
(Updated on May 22, 2024)

EBEBK.IS Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 2.25%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 48.07 and TRY 48.88. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Ebebek Magazacilik Anonim Sirketi stock

Ebebek Magazacilik Anonim Sirketi finds support from accumulated volume at TRY 47.24 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 1.24 (2.63%) between high and low. For the last week, the stock has had daily average volatility of 3.82%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EBEBK.IS) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Ebebek Magazacilik Anonim Sirketi to open at TRY 47.55, and during the day (based on 14 day Average True Range), to move between TRY 45.54 and TRY 49.02, which gives a possible trading interval of +/-TRY 1.74 (+/-3.67%) 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 7.35% 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 47.24 (0.08%) than the resistance at TRY 47.84 (1.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ebebek Magazacilik Anonim Sirketi stock A Buy?

Ebebek Magazacilik Anonim Sirketi 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.

Current score: -2.184 Sell Candidate Unchanged

Predicted Opening Price for Ebebek Magazacilik Anonim Sirketi of Thursday, May 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.