EIS Eczacibasi Ilaç, Sinai ve Finansal Stock Forecast
Green day on Friday for EIS Eczacibasi Ilaç, Sinai ve Finansal
(Updated on May 31, 2024)
The EIS Eczacibasi Ilaç, Sinai ve Finansal stock price gained 0.380% on the last trading day (Friday, 31st May 2024), rising from TRY 52.60 to TRY 52.80. During the last trading day the stock fluctuated 2.97% from a day low at TRY 52.15 to a day high of TRY 53.70. The price has fallen in 6 of the last 10 days and is down by -8.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 415 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately TRY 150.74 million.
The stock lies in the middle of a very wide and weak 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 8.52% during the next 3 months and, with a 90% probability hold a price between TRY 52.53 and TRY 66.60 at the end of this 3-month period.
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ECILC.IS Signals & Forecast
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. The EIS Eczacibasi Ilaç, Sinai ve Finansal stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 54.87 and TRY 54.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -13.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for EIS Eczacibasi Ilaç, Sinai ve Finansal stock
EIS Eczacibasi Ilaç, Sinai ve Finansal finds support from accumulated volume at TRY 52.40 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 1.55 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 3.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ECILC.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. to open at TRY 52.88, and during the day (based on 14 day Average True Range), to move between TRY 50.82 and TRY 54.78, which gives a possible trading interval of +/-TRY 1.98 (+/-3.75%) 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 7.50% 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 52.40 (0.76%) than the resistance at TRY 54.50 (3.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. will release earnings BMO on Wednesday, June 05, 2024. We will update the financials statements for EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.16% in the first trading day after earnings release.
Is EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. stock A Buy?
The EIS Eczacibasi Ilaç, Sinai ve Finansal stock holds several negative signals and despite the positive trend, we believe EIS Eczacibasi Ilaç, Sinai ve Finansal will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.049 Sell Candidate Unchanged
Predicted Opening Price for EIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 52.88 ( 0.158%) | TRY 52.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECILC.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.43 | 3.09 % | |
| R2 | 53.84 | 1.97 % | ||
| R1 | 53.48 | 1.28 % | ||
| Current price: | 52.80 | |||
| Support | S1 | 52.29 | -0.96 % | |
| S2 | 51.93 | -1.66 % | ||
| S3 | 51.33 | -2.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.40 | 10.61 % | |
| R2 | 57.90 | 9.66 % | ||
| R1 | 54.50 | 3.22 % | ||
| Current price | 52.80 | |||
| Support | S1 | 52.40 | -0.758% | |
| S2 | 51.75 | -1.99% | ||
| S3 | 50.75 | -3.88% |
ECILC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 07, 2024 | TRY 1.18 | 2.24% |
| 2 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | TRY 0.410 | 1.20% |
| 3 | May 24, 2022 | May 24, 2022 | May 24, 2022 | TRY 0.292 | 2.99% |
| 4 | Apr 26, 2021 | Apr 26, 2021 | Apr 26, 2021 | TRY 0.220 | 3.54% |
| 5 | Apr 14, 2020 | Apr 14, 2020 | Apr 14, 2020 | TRY 0.0730 | 1.64% |
FAQ
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