Gediz Ambalaj Sanayi ve Ticaret A.S. Stock Forecast
Gediz Ambalaj Sanayi ve Ticaret A.S. stock price fell more than -5.25% Friday closing at TRY 23.48
(Updated on Jun 21, 2024)
The Gediz Ambalaj Sanayi ve Ticaret A.S. stock price fell by -5.25% on the last day (Friday, 21st Jun 2024) from TRY 24.78 to TRY 23.48. During the last trading day the stock fluctuated 4.92% from a day low at TRY 23.18 to a day high of TRY 24.32. The price has risen in 6 of the last 10 days but is still down by -1.59% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately TRY 49.60 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 22.86 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.12% during the next 3 months and, with a 90% probability hold a price between TRY 20.55 and TRY 26.77 at the end of this 3-month period.
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GEDZA.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 1.65%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gediz Ambalaj Sanayi ve Ticaret A.S. 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 23.97 and TRY 26.82. A break-up above any of these levels will issue buy signals. 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 Gediz Ambalaj Sanayi ve Ticaret A.S. stock
Gediz Ambalaj Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 23.20 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 1.14 between high and low, or 4.92%. For the last week, the stock has had daily average volatility of 4.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GEDZA.IS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Gediz Ambalaj Sanayi ve Ticaret A.S. to open at TRY 23.66, and during the day (based on 14 day Average True Range), to move between TRY 22.17 and TRY 24.79, which gives a possible trading interval of +/-TRY 1.31 (+/-5.59%) up or down from last closing price. If Gediz Ambalaj Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 11.17% 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 23.20 (1.19%) than the resistance at TRY 27.64 (17.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gediz Ambalaj Sanayi ve Ticaret A.S. stock A Buy?
Gediz Ambalaj Sanayi ve Ticaret A.S. 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. 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: -4.352 Sell Candidate Downgraded
Predicted Opening Price for Gediz Ambalaj Sanayi ve Ticaret A.S. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| TRY 23.66 ( 0.767%) | TRY 23.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEDZA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.80 | 5.62% |
| R2 | 24.36 | 3.77% |
| R1 | 24.10 | 2.62% |
| Price | 23.48 | |
| S1 | 23.22 | -1.09% |
| S2 | 22.96 | -2.23% |
| S3 | 22.52 | -4.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.76 | 22.49% |
| R2 | 28.14 | 19.85% |
| R1 | 27.64 | 17.72% |
| Price | 23.48 | |
| S1 | 23.20 | -1.19% |
| S2 | 23.10 | -1.62% |
| S3 | 0 | - |
FAQ
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