EIS Eczacibasi Ilaç, Sinai ve Finansal Stock Forecast

Stronger technical forecast for EIS Eczacibasi Ilaç, Sinai ve Finansal stock price after Friday trading.
(Updated on May 17, 2024)

ECILC.IS Signals & Forecast

The EIS Eczacibasi Ilaç, Sinai ve Finansal 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 55.76 and TRY 52.08. 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 is rising along with the price. This is considered to be a good technical signal. 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 Monday, May 06, 2024, and so far it has fallen -0.86%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for EIS Eczacibasi Ilaç, Sinai ve Finansal stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 54.50 and TRY 51.75. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EIS Eczacibasi Ilaç, Sinai ve Finansal finds support just below today's level at TRY 54.50. If this is broken, then the next support from accumulated volume will be at TRY 51.75 and TRY 50.75.

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 1.25 between high and low, or 2.22%. For the last week, the stock has had daily average volatility of 3.41%.

Our recommended stop-loss: TRY 55.21 (-3.81%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (ECILC.IS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. to open at TRY 57.02, and during the day (based on 14 day Average True Range), to move between TRY 55.50 and TRY 59.30, which gives a possible trading interval of +/-TRY 1.90 (+/-3.31%) up or down from last closing price. If EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 6.63% 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 57.60 (0.35%) than the support at TRY 54.50 (5.05%), 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 EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar 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 EIS Eczacibasi Ilaç, Sinai ve Finansal stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.959 Buy Candidate Upgraded

Predicted Opening Price for EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. of Monday, May 20, 2024

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