Etiler Gida Ve Ticari Yatirimlar Sanayi Stock Forecast

Volatile ride for Etiler Gida Ve Ticari Yatirimlar Sanayi stock price on Friday moving between TRY 26.36 and TRY 29.60
(Updated on May 10, 2024)

ETILR.IS Signals & Forecast

The Etiler Gida Ve Ticari Yatirimlar Sanayi 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 27.13 and TRY 19.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 96.92%. 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 Etiler Gida Ve Ticari Yatirimlar Sanayi stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 26.52 and TRY 26.40. 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, Etiler Gida Ve Ticari Yatirimlar Sanayi finds support just below today's level at TRY 26.52. If this is broken, then the next support from accumulated volume will be at TRY 26.40 and TRY 23.24.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 3.24 between high and low, or 12.29%. For the last week, the stock has had daily average volatility of 8.27%.

The Etiler Gida Ve Ticari Yatirimlar Sanayi stock is extremely overbought on RSI14 (84). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: TRY 28.41 (-3.38%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (ETILR.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Etiler Gida Ve Ticari Yatirimlar Sanayi Ve Ticaret Anonim Sirketi to open at TRY 28.45, and during the day (based on 14 day Average True Range), to move between TRY 27.67 and TRY 31.13, which gives a possible trading interval of +/-TRY 1.73 (+/-5.88%) up or down from last closing price. If Etiler Gida Ve Ticari Yatirimlar Sanayi Ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.76% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 26.52, some TRY 2.88 (9.80%) from the current price of TRY 29.40, our system finds the risk reward attractive.

Is Etiler Gida Ve Ticari Yatirimlar Sanayi Ve Ticaret Anonim Sirketi stock A Buy?

Etiler Gida Ve Ticari Yatirimlar Sanayi holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Etiler Gida Ve Ticari Yatirimlar Sanayi Ve Ticaret Anonim Sirketi of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.