Euro Trend Yatirim Ortakligi A.S. Stock Forecast
Euro Trend Yatirim Ortakligi A.S. stock price up 0.0646% on Wednesday
(Updated on Apr 24, 2024)
The Euro Trend Yatirim Ortakligi A.S. stock price gained 0.0646% on the last trading day (Wednesday, 24th Apr 2024), rising from TRY 15.49 to TRY 15.50. During the last trading day the stock fluctuated 4.47% from a day low at TRY 15.20 to a day high of TRY 15.88. The price has risen in 7 of the last 10 days and is up by 0.52% over the past 2 weeks. Volume fell on the last day by -233 thousand shares and in total, 548 thousand shares were bought and sold for approximately TRY 8.49 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 very 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 45.88% during the next 3 months and, with a 90% probability hold a price between TRY 21.47 and TRY 27.11 at the end of this 3-month period.
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ETYAT.IS Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Euro Trend Yatirim Ortakligi A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 16.17 and TRY 15.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -13.89%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Euro Trend Yatirim Ortakligi A.S. stock
Euro Trend Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 15.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.680 between high and low, or 4.47%. For the last week, the stock has had daily average volatility of 7.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETYAT.IS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Euro Trend Yatirim Ortakligi A.S. to open at TRY 15.53, and during the day (based on 14 day Average True Range), to move between TRY 14.28 and TRY 16.72, which gives a possible trading interval of +/-TRY 1.22 (+/-7.85%) up or down from last closing price. If Euro Trend Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 15.71% 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 15.65 (0.97%) than the support at TRY 15.30 (1.29%), 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 Euro Trend Yatirim Ortakligi A.S. stock A Buy?
The Euro Trend Yatirim Ortakligi A.S. stock holds several negative signals and despite the positive trend, we believe Euro Trend Yatirim Ortakligi A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.601 Sell Candidate Unchanged
Predicted Opening Price for Euro Trend Yatirim Ortakligi A.S. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| TRY 15.53 ( 0.172%) | TRY 15.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETYAT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.21 | 4.56 % | |
| R2 | 15.95 | 2.88 % | ||
| R1 | 15.79 | 1.85 % | ||
| Current price: | 15.50 | |||
| Support | S1 | 15.27 | -1.50 % | |
| S2 | 15.11 | -2.54 % | ||
| S3 | 14.85 | -4.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.17 | 10.77 % | |
| R2 | 16.48 | 6.32 % | ||
| R1 | 15.65 | 0.97 % | ||
| Current price | 15.50 | |||
| Support | S1 | 15.30 | -1.29% | |
| S2 | 14.84 | -4.26% | ||
| S3 | 11.79 | -23.94% |
FAQ
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