Federal-Mogul Izmit Piston Ve Pim Stock Forecast
Big movements in Federal-Mogul Izmit Piston Ve Pim stock price on Friday moving 12.06% between high and low
(Updated on May 10, 2024)
The Federal-Mogul Izmit Piston Ve Pim stock price gained 10.00% on the last trading day (Friday, 10th May 2024), rising from TRY 367.50 to TRY 404.25. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 12.06% from a day low at TRY 360.75 to a day high of TRY 404.25. The price has risen in 7 of the last 10 days and is up by 21.49% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 491 thousand more shares were traded than the day before. In total, 753 thousand shares were bought and sold for approximately TRY 304.45 million.
The stock has broken the very wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at TRY 376.40, a level that may pose a second chance to hit a runner. According to fan-theory TRY 455.19 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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FMIZP.IS Signals & Forecast
Mostly positive signals in the chart today. The Federal-Mogul Izmit Piston Ve Pim 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 367.32 and TRY 340.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 22.41%. 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.
Support, Risk & Stop-loss for Federal-Mogul Izmit Piston Ve Pim stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 352.50 and TRY 349.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Federal-Mogul Izmit Piston Ve Pim finds support just below today's level at TRY 352.50. If this is broken, then the next support from accumulated volume will be at TRY 349.50 and TRY 342.75.
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 43.50 between high and low, or 12.06%. For the last week, the stock has had daily average volatility of 8.68%.
Our recommended stop-loss: TRY 383.59 (-5.11%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (FMIZP.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Federal-Mogul Izmit Piston Ve Pim Üretim Tesisleri A.S. to open at TRY 389.75, and during the day (based on 14 day Average True Range), to move between TRY 380.39 and TRY 428.11, which gives a possible trading interval of +/-TRY 23.86 (+/-5.90%) up or down from last closing price. If Federal-Mogul Izmit Piston Ve Pim Üretim Tesisleri A.S. takes out the full calculated possible swing range there will be an estimated 11.80% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 352.50, some TRY 51.75 (12.80%) from the current price of TRY 404.25, our system finds the risk reward attractive.
Is Federal-Mogul Izmit Piston Ve Pim Üretim Tesisleri A.S. stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Federal-Mogul Izmit Piston Ve Pim stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.360 Strong Buy Candidate Upgraded
Predicted Opening Price for Federal-Mogul Izmit Piston Ve Pim Üretim Tesisleri A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 389.75 ( 3.59%) | TRY 404.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMIZP.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 433.25 | 7.17 % | |
| R2 | 416.63 | 3.06 % | ||
| R1 | 406.37 | 0.524 % | ||
| Current price: | 404.25 | |||
| Support | S1 | 373.13 | -7.70 % | |
| S2 | 362.87 | -10.24 % | ||
| S3 | 346.25 | -14.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 404.25 | |||
| Support | S1 | 352.50 | -12.80% | |
| S2 | 349.50 | -13.54% | ||
| S3 | 342.75 | -15.21% |
FAQ
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