Escar Filo Kiralama Hizmetleri A.S. Stock Forecast
Red day on Friday for Escar Filo Kiralama Hizmetleri A.S.
(Updated on Jun 28, 2024)
The Escar Filo Kiralama Hizmetleri A.S. stock price fell by -1.40% on the last day (Friday, 28th Jun 2024) from TRY 339.00 to TRY 334.25. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.92% from a day low at TRY 333.75 to a day high of TRY 343.50. The price has fallen in 7 of the last 10 days but is still up by 8.35% over the past 2 weeks. Volume has increased on the last day by 891 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, 108 thousand shares were bought and sold for approximately TRY 36.18 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 33.61% during the next 3 months and, with a 90% probability hold a price between TRY 422.49 and TRY 470.19 at the end of this 3-month period.
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ESCAR.IS Signals & Forecast
The Escar Filo Kiralama Hizmetleri A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 334.50. On a fall, the stock will find some support from the long-term average at approximately TRY 314.40. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, June 25, 2024, and so far it has fallen -3.74%. Further fall is indicated until a new bottom pivot has been found. 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 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 9.75 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 4.15%.
Our recommended stop-loss: TRY 324.26 (-2.99%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (ESCAR.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Escar Filo Kiralama Hizmetleri A.S. to open at TRY 337.17, and during the day (based on 14 day Average True Range), to move between TRY 320.64 and TRY 347.86, which gives a possible trading interval of +/-TRY 13.61 (+/-4.07%) 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 8.15% 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 334.50 (0.07%) than the support at TRY 310.00 (7.26%), 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 Escar Filo Kiralama Hizmetleri A.S. 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 Escar Filo Kiralama Hizmetleri A.S. stock to perform well in the short-term.
Current score: 3.628 Buy Candidate Unchanged
Predicted Opening Price for Escar Filo Kiralama Hizmetleri A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 337.17 ( 0.87%) | TRY 334.25 |
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 | 346.92 | 3.79% |
| R2 | 343.19 | 2.68% |
| R1 | 340.89 | 1.99% |
| Price | 334.25 | |
| S1 | 333.44 | -0.242% |
| S2 | 331.14 | -0.93% |
| S3 | 327.42 | -2.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 347.25 | 3.89% |
| R2 | 343.00 | 2.62% |
| R1 | 334.50 | 0.0748% |
| Price | 334.25 | |
| S1 | 310.00 | -7.26% |
| S2 | 270.00 | -19.22% |
| S3 | 267.00 | -20.12% |
FAQ
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