Europower Enerji ve Otomasyon Stock Forecast
Europower Enerji ve Otomasyon stock price ended at TRY 105.90 on Friday, after gaining 0.474%.
(Updated on Jun 14, 2024)
The Europower Enerji ve Otomasyon stock price gained 0.474% on the last trading day (Friday, 14th Jun 2024), rising from TRY 105.40 to TRY 105.90. During the last trading day the stock fluctuated 3.38% from a day low at TRY 103.50 to a day high of TRY 107.00. The price has fallen in 7 of the last 10 days and is down by -11.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 613 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately TRY 316.86 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 104.59 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -26.92% during the next 3 months and, with a 90% probability hold a price between TRY 76.43 and TRY 96.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EUPWR.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.474%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Europower Enerji ve Otomasyon 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 108.83 and TRY 131.01. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Europower Enerji ve Otomasyon stock
Europower Enerji ve Otomasyon finds support from accumulated volume at TRY 105.40 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 3.50 between high and low, or 3.38%. For the last week, the stock has had daily average volatility of 4.67%.
Europower Enerji ve Otomasyon is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EUPWR.IS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret Anonim Sirketi to open at TRY 105.47, and during the day (based on 14 day Average True Range), to move between TRY 100.80 and TRY 111.00, which gives a possible trading interval of +/-TRY 5.10 (+/-4.81%) up or down from last closing price. If Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 9.63% 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 105.40 (0.47%) than the resistance at TRY 119.00 (12.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret Anonim Sirketi stock A Buy?
Europower Enerji ve Otomasyon holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -5.002 Strong Sell Candidate Unchanged
Predicted Opening Price for Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret Anonim Sirketi of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| TRY 105.47 ( 0.409%) | TRY 105.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUPWR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 108.97 | 2.90% |
| R2 | 107.63 | 1.63% |
| R1 | 106.80 | 0.85% |
| Price | 105.90 | |
| S1 | 104.13 | -1.67% |
| S2 | 103.30 | -2.45% |
| S3 | 101.97 | -3.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 122.50 | 15.68% |
| R2 | 120.20 | 13.50% |
| R1 | 119.00 | 12.37% |
| Price | 105.90 | |
| S1 | 105.40 | -0.472% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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