Enerjisa Enerji A.S. Stock Forecast
Green day on Thursday for Enerjisa Enerji A.S. stock after gaining 0.87%
(Updated on Apr 18, 2024)
The Enerjisa Enerji A.S. stock price gained 0.87% on the last trading day (Thursday, 18th Apr 2024), rising from TRY 63.05 to TRY 63.60. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.46% from a day low at TRY 62.05 to a day high of TRY 64.20. The price has risen in 7 of the last 10 days and is up by 10.99% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 6 million shares were bought and sold for approximately TRY 364.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 11.67% during the next 3 months and, with a 90% probability hold a price between TRY 63.17 and TRY 74.84 at the end of this 3-month period.
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ENJSA.IS Signals & Forecast
Mostly positive signals in the chart today. The Enerjisa Enerji A.S. 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 62.04 and TRY 59.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 14.29%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Enerjisa Enerji A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 59.95 and TRY 59.00. 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, Enerjisa Enerji A.S. finds support just below today's level at TRY 59.95. If this is broken, then the next support from accumulated volume will be at TRY 59.00 and TRY 54.90.
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 2.15 between high and low, or 3.46%. For the last week, the stock has had daily average volatility of 4.28%.
Our recommended stop-loss: TRY 61.69 (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ENJSA.IS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Enerjisa Enerji A.S. to open at TRY 63.28, and during the day (based on 14 day Average True Range), to move between TRY 61.27 and TRY 65.93, which gives a possible trading interval of +/-TRY 2.33 (+/-3.66%) up or down from last closing price. If Enerjisa Enerji A.S. takes out the full calculated possible swing range there will be an estimated 7.31% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 59.95, some TRY 3.65 (5.74%) from the current price of TRY 63.60, our system finds the risk reward attractive.
Is Enerjisa Enerji A.S. stock A Buy?
Enerjisa Enerji A.S. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.305 Strong Buy Candidate Unchanged
Predicted Opening Price for Enerjisa Enerji A.S. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| TRY 63.28 ( 0.498%) | TRY 63.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENJSA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.43 | 2.88 % | |
| R2 | 64.61 | 1.59 % | ||
| R1 | 64.10 | 0.793 % | ||
| Current price: | 63.60 | |||
| Support | S1 | 62.46 | -1.79 % | |
| S2 | 61.95 | -2.59 % | ||
| S3 | 61.13 | -3.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 63.60 | |||
| Support | S1 | 59.95 | -5.74% | |
| S2 | 59.00 | -7.23% | ||
| S3 | 54.90 | -13.68% |
ENJSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 03, 2024 | TRY 2.79 | 4.42% |
| 2 | May 02, 2024 | May 02, 2024 | May 06, 2024 | TRY 2.79 | 4.42% |
| 3 | Apr 12, 2023 | Apr 12, 2023 | Apr 12, 2023 | TRY 2.30 | 7.65% |
| 4 | Apr 11, 2022 | Apr 11, 2022 | Apr 11, 2022 | TRY 1.24 | 7.89% |
| 5 | Apr 09, 2021 | Apr 09, 2021 | Apr 09, 2021 | TRY 0.96 | 8.86% |
FAQ
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