Euro Trend Yatirim Ortakligi A.S. Stock Forecast

Green day on Friday for Euro Trend Yatirim Ortakligi A.S. stock after gaining 1.73%
(Updated on May 03, 2024)

ETYAT.IS Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -8.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Euro Trend Yatirim Ortakligi 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 16.22 and TRY 15.82. A breakdown below any of these levels will issue sell signals. 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.

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 16.48 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 0.580 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 7.24%.

Our recommended stop-loss: TRY 15.69 (-4.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (ETYAT.IS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Euro Trend Yatirim Ortakligi A.S. to open at TRY 16.36, and during the day (based on 14 day Average True Range), to move between TRY 15.31 and TRY 17.69, which gives a possible trading interval of +/-TRY 1.19 (+/-7.23%) 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 14.45% 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 16.48 (0.12%) than the resistance at TRY 17.17 (4.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Euro Trend Yatirim Ortakligi 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 Euro Trend Yatirim Ortakligi A.S. stock to perform well in the short-term.

Current score: 1.460 Buy Candidate Unchanged

Predicted Opening Price for Euro Trend Yatirim Ortakligi A.S. of Monday, May 6, 2024

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