Escort Teknoloji Yatirim A.S. Stock Forecast
Green day on Friday for Escort Teknoloji Yatirim A.S. stock after gaining 4.01%
(Updated on May 17, 2024)
The Escort Teknoloji Yatirim A.S. stock price gained 4.01% on the last trading day (Friday, 17th May 2024), rising from TRY 69.80 to TRY 72.60. During the last trading day the stock fluctuated 6.59% from a day low at TRY 69.00 to a day high of TRY 73.55. The price has fallen in 7 of the last 10 days and is down by -26.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 96 thousand more shares were traded than the day before. In total, 705 thousand shares were bought and sold for approximately TRY 51.18 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 -9.98% during the next 3 months and, with a 90% probability hold a price between TRY 55.44 and TRY 86.76 at the end of this 3-month period.
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ESCOM.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 6.06%. Further rise is indicated until a new top pivot has been found. 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. The Escort Teknoloji Yatirim A.S. 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 76.61 and TRY 78.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Escort Teknoloji Yatirim A.S. stock
Escort Teknoloji Yatirim A.S. finds support from accumulated volume at TRY 71.10 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 4.55 between high and low, or 6.59%. For the last week, the stock has had daily average volatility of 6.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESCOM.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Escort Teknoloji Yatirim A.S. to open at TRY 71.72, and during the day (based on 14 day Average True Range), to move between TRY 66.54 and TRY 78.66, which gives a possible trading interval of +/-TRY 6.06 (+/-8.34%) up or down from last closing price. If Escort Teknoloji Yatirim A.S. takes out the full calculated possible swing range there will be an estimated 16.69% 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 71.10 (2.07%) than the resistance at TRY 76.05 (4.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Escort Teknoloji Yatirim A.S. stock A Buy?
Escort Teknoloji Yatirim A.S. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.311 Sell Candidate Unchanged
Predicted Opening Price for Escort Teknoloji Yatirim A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 71.72 ( 1.22%) | TRY 72.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESCOM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.27 | 5.05 % | |
| R2 | 74.53 | 2.66 % | ||
| R1 | 73.45 | 1.18 % | ||
| Current price: | 72.60 | |||
| Support | S1 | 69.98 | -3.61 % | |
| S2 | 68.90 | -5.09 % | ||
| S3 | 67.17 | -7.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 90.50 | 24.66 % | |
| R2 | 89.85 | 23.76 % | ||
| R1 | 76.05 | 4.75 % | ||
| Current price | 72.60 | |||
| Support | S1 | 71.10 | -2.07% | |
| S2 | 69.80 | -3.86% | ||
| S3 | 68.45 | -5.72% |
FAQ
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