Enerya Enerji Anonim Sirketi Stock Forecast
Enerya Enerji Anonim Sirketi stock price up 1.79% on Friday
(Updated on May 10, 2024)
The Enerya Enerji Anonim Sirketi stock price gained 1.79% on the last trading day (Friday, 10th May 2024), rising from TRY 168.00 to TRY 171.00. During the last trading day the stock fluctuated 5.11% from a day low at TRY 166.30 to a day high of TRY 174.80. The price has been going up and down for this period, and there has been a -2.01% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 892 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately TRY 286.26 million.
The stock lies in the middle of a wide and strong 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 15.20% during the next 3 months and, with a 90% probability hold a price between TRY 189.15 and TRY 213.49 at the end of this 3-month period.
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ENERY.IS Signals & Forecast
The Enerya Enerji Anonim Sirketi stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 169.89 and TRY 166.08. A breakdown below any of these levels will issue sell signals. 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 Thursday, April 25, 2024, and so far it has fallen -2.01%. 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 Enerya Enerji Anonim Sirketi stock
Enerya Enerji Anonim Sirketi finds support from accumulated volume at TRY 168.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved TRY 8.50 between high and low, or 5.11%. For the last week the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: TRY 163.47 (-4.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (ENERY.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Enerya Enerji Anonim Sirketi to open at TRY 170.70, and during the day (based on 14 day Average True Range), to move between TRY 163.87 and TRY 178.13, which gives a possible trading interval of +/-TRY 7.13 (+/-4.17%) up or down from last closing price. If Enerya Enerji Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 8.34% 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 171.50 (0.29%) than the support at TRY 168.00 (1.75%), 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 Enerya Enerji 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 Enerya Enerji Anonim Sirketi stock to perform well in the short-term.
Current score: 4.834 Buy Candidate Unchanged
Predicted Opening Price for Enerya Enerji Anonim Sirketi of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 170.70 ( 0.175%) | TRY 171.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENERY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 179.20 | 4.80 % | |
| R2 | 175.95 | 2.90 % | ||
| R1 | 173.95 | 1.72 % | ||
| Current price: | 171.00 | |||
| Support | S1 | 167.45 | -2.07 % | |
| S2 | 165.45 | -3.25 % | ||
| S3 | 162.20 | -5.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 173.30 | 1.35 % | |
| R2 | 173.10 | 1.23 % | ||
| R1 | 171.50 | 0.292 % | ||
| Current price | 171.00 | |||
| Support | S1 | 168.00 | -1.75% | |
| S2 | 158.10 | -7.54% | ||
| S3 | 153.30 | -10.35% |
FAQ
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