Ford Otomotiv Sanayi A.S. Stock Forecast
Ford Otomotiv Sanayi A.S. stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Jun 24, 2024)
The Ford Otomotiv Sanayi A.S. stock price gained 0.369% on the last trading day (Monday, 24th Jun 2024), rising from TRY 1,083.00 to TRY 1,087.00. During the last trading day the stock fluctuated 2.53% from a day low at TRY 1,069.00 to a day high of TRY 1,096.00. The price has been going up and down for this period, and there has been a 3.82% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 370 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately TRY 1.32 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.19% during the next 3 months and, with a 90% probability hold a price between TRY 937.86 and TRY 1,120.47 at the end of this 3-month period.
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FROTO.IS Signals & Forecast
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 Ford Otomotiv Sanayi A.S. 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 1,115.17. On a fall, the stock will find some support from the short-term average at TRY 1,067.71. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.731%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Wednesday, May 22, 2024 and based on theory for this formation the price should fall by -5.07% to TRY 1,031.86 within 28 trading days since signal was issued (Thursday, July 04, 2024).
Support, Risk & Stop-loss for Ford Otomotiv Sanayi A.S. stock
Ford Otomotiv Sanayi A.S. finds support from accumulated volume at TRY 1,065.00 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 27.00 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FROTO.IS) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Ford Otomotiv Sanayi A.S. to open at TRY 1,084.00, and during the day (based on 14 day Average True Range), to move between TRY 1,051.03 and TRY 1,122.97, which gives a possible trading interval of +/-TRY 35.97 (+/-3.31%) up or down from last closing price. If Ford Otomotiv Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 6.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 1,106.00 (1.75%) than the support at TRY 1,065.00 (2.02%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Ford Otomotiv Sanayi A.S. stock A Buy?
Ford Otomotiv Sanayi A.S. 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. 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: -3.710 Sell Candidate Downgraded
Predicted Opening Price for Ford Otomotiv Sanayi A.S. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| TRY 1,084.00 ( 0.276%) | TRY 1,087.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FROTO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,111.00 | 2.21% |
| R2 | 1,100.69 | 1.26% |
| R1 | 1,094.31 | 0.673% |
| Price | 1,087.00 | |
| S1 | 1,073.69 | -1.22% |
| S2 | 1,067.31 | -1.81% |
| S3 | 1,057.00 | -2.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,147.00 | 5.52% |
| R2 | 1,120.00 | 3.04% |
| R1 | 1,106.00 | 1.75% |
| Price | 1,087.00 | |
| S1 | 1,065.00 | -2.02% |
| S2 | 1,047.00 | -3.68% |
| S3 | 1,020.00 | -6.16% |
FROTO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 16, 2024 | TRY 43.30 | 3.76% |
| 2 | Apr 08, 2024 | Apr 08, 2024 | Apr 16, 2024 | TRY 43.30 | 3.76% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | TRY 29.76 | 3.66% |
| 4 | Mar 13, 2023 | Mar 13, 2023 | Mar 13, 2023 | TRY 14.25 | 2.34% |
| 5 | Nov 30, 2022 | Nov 30, 2022 | Nov 30, 2022 | TRY 5.70 | 1.28% |
FAQ
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