Europen Endustri Insaat Sanayi ve Stock Forecast

Europen Endustri Insaat Sanayi ve stock price ended at TRY 14.66 on Friday, after gaining 0.756%.
(Updated on Jun 14, 2024)

EUREN.IS Signals & Forecast

There are mixed signals in the stock today. The Europen Endustri Insaat Sanayi ve stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 14.99. On a fall, the stock will find some support from the short-term average at TRY 14.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 8.35%. Further rise is indicated until a new top pivot has been found. 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 Europen Endustri Insaat Sanayi ve stock

Europen Endustri Insaat Sanayi ve finds support from accumulated volume at TRY 14.49 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 0.590 between high and low, or 4.13%. For the last week, the stock has had daily average volatility of 4.12%.

Our recommended stop-loss: TRY 14.06 (-4.07%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (EUREN.IS) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Europen Endustri Insaat Sanayi ve Ticaret A.S. to open at TRY 14.60, and during the day (based on 14 day Average True Range), to move between TRY 14.02 and TRY 15.30, which gives a possible trading interval of +/-TRY 0.637 (+/-4.35%) up or down from last closing price. If Europen Endustri Insaat Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.69% 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 14.49 (1.16%) than the resistance at TRY 15.00 (2.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Europen Endustri Insaat Sanayi ve Ticaret A.S. stock A Buy?

Europen Endustri Insaat Sanayi ve 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.

Current score: -0.852 Hold/Accumulate Unchanged

Predicted Opening Price for Europen Endustri Insaat Sanayi ve Ticaret A.S. of Thursday, June 20, 2024

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