Ekos Teknoloji Stock Forecast
Is Ekos Teknoloji stock still a buy after falling -6.36% on Monday?
(Updated on May 13, 2024)
The Ekos Teknoloji stock price fell by -6.36% on the last day (Monday, 13th May 2024) from TRY 45.92 to TRY 43.00. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 9.15% from a day low at TRY 42.84 to a day high of TRY 46.76. The price has fallen in 8 of the last 10 days and is down by -11.38% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately TRY 197.82 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -24.35% during the next 3 months and, with a 90% probability hold a price between TRY 28.75 and TRY 37.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EKOS.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Ekos Teknoloji 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 47.78 and TRY 48.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -15.44%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ekos Teknoloji stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 3.92 between high and low, or 9.15%. For the last week, the stock has had daily average volatility of 5.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EKOS.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Ekos Teknoloji to open at TRY 44.20, and during the day (based on 14 day Average True Range), to move between TRY 40.12 and TRY 45.88, which gives a possible trading interval of +/-TRY 2.88 (+/-6.71%) up or down from last closing price. If Ekos Teknoloji takes out the full calculated possible swing range there will be an estimated 13.41% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 48.02, some TRY 5.02 (11.67%) from the current price of TRY 43.00, our system finds the risk reward not very attractive.
Is Ekos Teknoloji stock A Buy?
Ekos Teknoloji holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.855 Sell Candidate Downgraded
Predicted Opening Price for Ekos Teknoloji of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 44.20 ( 2.79%) | TRY 43.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EKOS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.12 | 11.91 % | |
| R2 | 46.62 | 8.42 % | ||
| R1 | 45.70 | 6.27 % | ||
| Current price: | 43.00 | |||
| Support | S1 | 42.70 | -0.692 % | |
| S2 | 41.78 | -2.84 % | ||
| S3 | 40.28 | -6.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.50 | 19.77 % | |
| R2 | 48.52 | 12.84 % | ||
| R1 | 48.02 | 11.67 % | ||
| Current price | 43.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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