Euro Menkul Kiymet Yatirim Ortakligi Stock Forecast

Red day on Tuesday for Euro Menkul Kiymet Yatirim Ortakligi
(Updated on May 21, 2024)

EUYO.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Euro Menkul Kiymet Yatirim Ortakligi 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 16.80 and TRY 17.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -33.72%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Euro Menkul Kiymet Yatirim Ortakligi stock

Euro Menkul Kiymet Yatirim Ortakligi finds support from accumulated volume at TRY 16.56 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 0.630 between high and low, or 3.86%. For the last week, the stock has had daily average volatility of 5.22%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EUYO.IS) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Euro Menkul Kiymet Yatirim Ortakligi Anonim Sirketi to open at TRY 16.63, and during the day (based on 14 day Average True Range), to move between TRY 15.37 and TRY 17.77, which gives a possible trading interval of +/-TRY 1.20 (+/-7.26%) up or down from last closing price. If Euro Menkul Kiymet Yatirim Ortakligi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 14.52% 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 16.56 (0.06%) than the resistance at TRY 19.19 (15.81%), 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 Menkul Kiymet Yatirim Ortakligi Anonim Sirketi stock A Buy?

Euro Menkul Kiymet Yatirim Ortakligi holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.016 Sell Candidate Unchanged

Predicted Opening Price for Euro Menkul Kiymet Yatirim Ortakligi Anonim Sirketi of Wednesday, May 22, 2024

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