Escar Filo Kiralama Hizmetleri A.S. Stock Forecast
A very strong day for Escar Filo Kiralama Hizmetleri A.S. stock price on Tuesday
(Updated on Jun 25, 2024)
The Escar Filo Kiralama Hizmetleri A.S. stock price gained 6.93% on the last trading day (Tuesday, 25th Jun 2024), rising from TRY 324.75 to TRY 347.25. During the last trading day the stock fluctuated 8.94% from a day low at TRY 321.50 to a day high of TRY 350.25. The price has fallen in 6 of the last 10 days but is still up by 9.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 421 thousand more shares were traded than the day before. In total, 489 thousand shares were bought and sold for approximately TRY 169.83 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 355.72 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 34.64% during the next 3 months and, with a 90% probability hold a price between TRY 420.52 and TRY 478.93 at the end of this 3-month period.
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ESCAR.IS Signals & Forecast
Mostly positive signals in the chart today. The Escar Filo Kiralama Hizmetleri 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 329.93 and TRY 309.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 20.47%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Escar Filo Kiralama Hizmetleri A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 310.00 and TRY 270.00. 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, Escar Filo Kiralama Hizmetleri A.S. finds support just below today's level at TRY 310.00. If this is broken, then the next support from accumulated volume will be at TRY 270.00 and TRY 267.00.
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 28.75 between high and low, or 8.94%. For the last week, the stock has had daily average volatility of 5.05%.
Our recommended stop-loss: TRY 329.29 (-5.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (ESCAR.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Escar Filo Kiralama Hizmetleri A.S. to open at TRY 339.67, and during the day (based on 14 day Average True Range), to move between TRY 333.05 and TRY 361.45, which gives a possible trading interval of +/-TRY 14.20 (+/-4.09%) up or down from last closing price. If Escar Filo Kiralama Hizmetleri A.S. takes out the full calculated possible swing range there will be an estimated 8.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 310.00, some TRY 37.25 (10.73%) from the current price of TRY 347.25, our system finds the risk reward attractive.
Is Escar Filo Kiralama Hizmetleri A.S. stock A Buy?
Escar Filo Kiralama Hizmetleri 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.902 Strong Buy Candidate Upgraded
Predicted Opening Price for Escar Filo Kiralama Hizmetleri A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 339.67 ( 2.18%) | TRY 347.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESCAR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 368.42 | 6.10% |
| R2 | 357.43 | 2.93% |
| R1 | 350.65 | 0.98% |
| Price | 347.25 | |
| S1 | 328.68 | -5.35% |
| S2 | 321.90 | -7.30% |
| S3 | 310.92 | -10.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 347.25 | |
| S1 | 310.00 | -10.73% |
| S2 | 270.00 | -22.25% |
| S3 | 267.00 | -23.11% |
FAQ
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