Ege Profil Ticaret ve Sanayi Anonim Stock Forecast
Green day on Friday for Ege Profil Ticaret ve Sanayi Anonim stock after gaining 2.24%
(Updated on Apr 26, 2024)
The Ege Profil Ticaret ve Sanayi Anonim stock price gained 2.24% on the last trading day (Friday, 26th Apr 2024), rising from TRY 205.30 to TRY 209.90. During the last trading day the stock fluctuated 4.74% from a day low at TRY 202.60 to a day high of TRY 212.20. The price has fallen in 6 of the last 10 days and is down by -6.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 91 thousand more shares were traded than the day before. In total, 339 thousand shares were bought and sold for approximately TRY 71.15 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 201.64 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.14% during the next 3 months and, with a 90% probability hold a price between TRY 240.25 and TRY 315.41 at the end of this 3-month period.
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EGPRO.IS Signals & Forecast
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. The Ege Profil Ticaret ve Sanayi Anonim stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 215.86. On a fall, the stock will find some support from the short-term average at TRY 204.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -14.78%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ege Profil Ticaret ve Sanayi Anonim stock
Ege Profil Ticaret ve Sanayi Anonim finds support from accumulated volume at TRY 209.00 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 9.60 between high and low, or 4.74%. For the last week, the stock has had daily average volatility of 4.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EGPRO.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Ege Profil Ticaret ve Sanayi Anonim Sirketi to open at TRY 208.23, and during the day (based on 14 day Average True Range), to move between TRY 197.81 and TRY 221.99, which gives a possible trading interval of +/-TRY 12.09 (+/-5.76%) up or down from last closing price. If Ege Profil Ticaret ve Sanayi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.52% 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 209.00 (0.43%) than the resistance at TRY 225.10 (7.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ege Profil Ticaret ve Sanayi Anonim Sirketi stock A Buy?
Ege Profil Ticaret ve Sanayi Anonim holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.472 Sell Candidate Unchanged
Predicted Opening Price for Ege Profil Ticaret ve Sanayi Anonim Sirketi of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 208.23 ( 0.794%) | TRY 209.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EGPRO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 217.83 | 3.78 % | |
| R2 | 214.17 | 2.03 % | ||
| R1 | 211.90 | 0.95 % | ||
| Current price: | 209.90 | |||
| Support | S1 | 204.57 | -2.54 % | |
| S2 | 202.30 | -3.62 % | ||
| S3 | 198.63 | -5.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 239.70 | 14.20 % | |
| R2 | 231.60 | 10.34 % | ||
| R1 | 225.10 | 7.24 % | ||
| Current price | 209.90 | |||
| Support | S1 | 209.00 | -0.429% | |
| S2 | 187.60 | -10.62% | ||
| S3 | 173.50 | -17.34% |
FAQ
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