Gersan Elektrik Ticaret ve Sanayi Anonim Stock Forecast

Gersan Elektrik Ticaret ve Sanayi Anonim stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)

GEREL.IS Signals & Forecast

The Gersan Elektrik Ticaret ve Sanayi Anonim 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 40.75 and TRY 39.29. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -10.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Gersan Elektrik Ticaret ve Sanayi Anonim stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 38.64 and TRY 34.44. 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, Gersan Elektrik Ticaret ve Sanayi Anonim finds support just below today's level at TRY 38.64. If this is broken, then the next support from accumulated volume will be at TRY 34.44 and TRY 33.02.

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 3.28 between high and low, or 7.97%. For the last week, the stock has had daily average volatility of 8.77%.

Our recommended stop-loss: TRY 38.84 (-5.58%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (GEREL.IS) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Gersan Elektrik Ticaret ve Sanayi Anonim Sirketi to open at TRY 42.23, and during the day (based on 14 day Average True Range), to move between TRY 38.02 and TRY 44.26, which gives a possible trading interval of +/-TRY 3.12 (+/-7.60%) up or down from last closing price. If Gersan Elektrik Ticaret ve Sanayi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 15.19% 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 38.64 (6.08%) than the resistance at TRY 45.00 (9.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gersan Elektrik Ticaret ve Sanayi Anonim Sirketi stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gersan Elektrik Ticaret ve Sanayi Anonim stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.255 Buy Candidate Downgraded

Predicted Opening Price for Gersan Elektrik Ticaret ve Sanayi Anonim Sirketi of Thursday, May 2, 2024

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