Ekiz Kimya Sanayi ve Ticaret Anonim Stock Forecast

Green day on Wednesday for Ekiz Kimya Sanayi ve Ticaret Anonim
(Updated on May 22, 2024)

EKIZ.IS Signals & Forecast

The Ekiz Kimya Sanayi ve Ticaret Anonim stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 80.79. On a fall, the stock will find some support from the long-term average at approximately TRY 75.88. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 -18.33%. 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 Ekiz Kimya Sanayi ve Ticaret Anonim stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 73.25 and TRY 72.75. 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, Ekiz Kimya Sanayi ve Ticaret Anonim finds support just below today's level at TRY 73.25. If this is broken, then the next support from accumulated volume will be at TRY 72.75 and TRY 63.30.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 6.00 between high and low, or 8.11%. For the last week, the stock has had daily average volatility of 4.39%.

Our recommended stop-loss: TRY 74.10 (-6.02%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 29 days ago.)

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

For the upcoming trading day on Thursday, 23rd we expect Ekiz Kimya Sanayi ve Ticaret Anonim Sirketi to open at TRY 77.62, and during the day (based on 14 day Average True Range), to move between TRY 74.19 and TRY 83.51, which gives a possible trading interval of +/-TRY 4.66 (+/-5.92%) up or down from last closing price. If Ekiz Kimya Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.83% 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 79.75 (1.14%) than the support at TRY 73.25 (7.10%), 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 Ekiz Kimya Sanayi ve Ticaret Anonim Sirketi 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 Ekiz Kimya Sanayi ve Ticaret Anonim stock to perform well in the short-term.

Current score: 2.753 Buy Candidate Unchanged

Predicted Opening Price for Ekiz Kimya Sanayi ve Ticaret Anonim Sirketi of Thursday, May 23, 2024

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