Federal-Mogul Izmit Piston Ve Pim Stock Forecast
Federal-Mogul Izmit Piston Ve Pim stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 04, 2024)
The Federal-Mogul Izmit Piston Ve Pim stock price gained 1.68% on the last trading day (Tuesday, 4th Jun 2024), rising from TRY 311.75 to TRY 317.00. During the last trading day the stock fluctuated 4.18% from a day low at TRY 310.75 to a day high of TRY 323.75. The price has fallen in 7 of the last 10 days and is down by -11.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 114 thousand shares were bought and sold for approximately TRY 36.29 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 312.41 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.54% during the next 3 months and, with a 90% probability hold a price between TRY 345.34 and TRY 459.26 at the end of this 3-month period.
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FMIZP.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 1.68%. Further rise is indicated until a new top pivot has been found. 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 Federal-Mogul Izmit Piston Ve Pim 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 325.57 and TRY 351.24. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Federal-Mogul Izmit Piston Ve Pim stock
Federal-Mogul Izmit Piston Ve Pim finds support from accumulated volume at TRY 314.00 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 13.00 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 3.95%.
Federal-Mogul Izmit Piston Ve Pim is oversold on RSI14 (14). 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 (FMIZP.IS) For The Upcoming Trading Day Of Wednesday 5th
For the upcoming trading day on Wednesday, 5th we expect Federal-Mogul Izmit Piston Ve Pim Üretim Tesisleri A.S. to open at TRY 317.17, and during the day (based on 14 day Average True Range), to move between TRY 299.52 and TRY 334.48, which gives a possible trading interval of +/-TRY 17.48 (+/-5.51%) 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 11.03% 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 314.00 (0.95%) than the resistance at TRY 349.50 (10.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Federal-Mogul Izmit Piston Ve Pim Üretim Tesisleri A.S. stock A Buy?
The Federal-Mogul Izmit Piston Ve Pim stock holds several negative signals and despite the positive trend, we believe Federal-Mogul Izmit Piston Ve Pim will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.874 Sell Candidate Downgraded
Predicted Opening Price for Federal-Mogul Izmit Piston Ve Pim Üretim Tesisleri A.S. of Wednesday, June 5, 2024
| Fair opening price June 5, 2024 | Current price |
|---|---|
| TRY 317.17 ( 0.0526%) | TRY 317.00 |
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 | 330.17 | 4.15 % | |
| R2 | 325.20 | 2.59 % | ||
| R1 | 322.13 | 1.62 % | ||
| Current price: | 317.00 | |||
| Support | S1 | 312.20 | -1.51 % | |
| S2 | 309.13 | -2.48 % | ||
| S3 | 304.17 | -4.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 369.00 | 16.40 % | |
| R2 | 352.50 | 11.20 % | ||
| R1 | 349.50 | 10.25 % | ||
| Current price | 317.00 | |||
| Support | S1 | 314.00 | -0.95% | |
| S2 | 308.50 | -2.68% | ||
| S3 | 305.00 | -3.79% |
FAQ
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