Ekos Teknoloji Stock Forecast
Red day on Thursday for Ekos Teknoloji stock after losing 0.378%
(Updated on Jun 06, 2024)
The Ekos Teknoloji stock price fell by -0.378% on the last day (Thursday, 6th Jun 2024) from TRY 37.00 to TRY 36.86. During the last trading day the stock fluctuated 3.16% from a day low at TRY 36.68 to a day high of TRY 37.84. The price has fallen in 7 of the last 10 days and is down by -6.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -20 thousand shares and in total, 3 million shares were bought and sold for approximately TRY 123.70 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 -24.82% during the next 3 months and, with a 90% probability hold a price between TRY 25.86 and TRY 33.77 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 mixed signals in the stock today. 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 36.89 and TRY 43.48. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.73%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ekos Teknoloji stock
Ekos Teknoloji finds support from accumulated volume at TRY 36.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.16 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 4.51%.
Ekos Teknoloji is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 Friday 7th
For the upcoming trading day on Friday, 7th we expect Ekos Teknoloji to open at TRY 37.13, and during the day (based on 14 day Average True Range), to move between TRY 34.97 and TRY 38.75, which gives a possible trading interval of +/-TRY 1.89 (+/-5.13%) up or down from last closing price. If Ekos Teknoloji takes out the full calculated possible swing range there will be an estimated 10.26% 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 36.42 (1.19%) than the resistance at TRY 40.28 (9.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ekos Teknoloji stock A Buy?
Ekos Teknoloji 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: -2.562 Sell Candidate Unchanged
Predicted Opening Price for Ekos Teknoloji of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| TRY 37.13 ( 0.723%) | TRY 36.86 |
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 | |
|---|---|---|
| R3 | 38.29 | 3.87% |
| R2 | 37.84 | 2.67% |
| R1 | 37.57 | 1.93% |
| Price | 36.86 | |
| S1 | 36.68 | -0.479% |
| S2 | 36.41 | -1.22% |
| S3 | 35.97 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.96 | 21.98% |
| R2 | 42.66 | 15.74% |
| R1 | 40.28 | 9.28% |
| Price | 36.86 | |
| S1 | 36.42 | -1.19% |
| S2 | 35.88 | -2.66% |
| S3 | 0 | - |
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