Gentas Genel Metal Sanayi ve Ticaret Stock Forecast

Gentas Genel Metal Sanayi ve Ticaret stock price ended at TRY 9.51 on Monday, after losing 0%.
(Updated on Apr 22, 2024)

GENTS.IS Signals & Forecast

There are mixed signals in the stock today. The Gentas Genel Metal Sanayi ve Ticaret 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 9.58 and TRY 9.78. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.28%. 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).

Support, Risk & Stop-loss for Gentas Genel Metal Sanayi ve Ticaret stock

Gentas Genel Metal Sanayi ve Ticaret finds support from accumulated volume at TRY 9.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved TRY 0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.26%

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

Trading Expectations (GENTS.IS) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Gentas Genel Metal Sanayi ve Ticaret A.S. to open at TRY 9.51, and during the day (based on 14 day Average True Range), to move between TRY 9.18 and TRY 9.84, which gives a possible trading interval of +/-TRY 0.330 (+/-3.47%) up or down from last closing price. If Gentas Genel Metal Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 6.95% 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 9.39 (1.26%) than the resistance at TRY 9.77 (2.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gentas Genel Metal Sanayi ve Ticaret A.S. stock A Buy?

Gentas Genel Metal Sanayi ve Ticaret 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.

Current score: -2.706 Sell Candidate Unchanged

Predicted Opening Price for Gentas Genel Metal Sanayi ve Ticaret A.S. of Wednesday, April 24, 2024

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