Gipta Ofis Kirtasiye ve Promosyon Stock Forecast

Gipta Ofis Kirtasiye ve Promosyon stock price ended at TRY 39.64 on Friday, after losing 1.05%.
(Updated on May 10, 2024)

GIPTA.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Gipta Ofis Kirtasiye ve Promosyon 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 42.49 and TRY 44.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -25.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Gipta Ofis Kirtasiye ve Promosyon stock

Gipta Ofis Kirtasiye ve Promosyon finds support from accumulated volume at TRY 39.12 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 1.20 between high and low, or 3.04%. For the last week, the stock has had daily average volatility of 5.51%.

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

Trading Expectations (GIPTA.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Gipta Ofis Kirtasiye ve Promosyon Ürünleri Imalat Sanayi A.S. to open at TRY 39.95, and during the day (based on 14 day Average True Range), to move between TRY 37.69 and TRY 41.59, which gives a possible trading interval of +/-TRY 1.95 (+/-4.93%) up or down from last closing price. If Gipta Ofis Kirtasiye ve Promosyon Ürünleri Imalat Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 9.86% 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 39.12 (1.31%) than the resistance at TRY 41.00 (3.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gipta Ofis Kirtasiye ve Promosyon Ürünleri Imalat Sanayi A.S. stock A Buy?

The Gipta Ofis Kirtasiye ve Promosyon stock holds several negative signals and despite the positive trend, we believe Gipta Ofis Kirtasiye ve Promosyon will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.477 Sell Candidate Unchanged

Predicted Opening Price for Gipta Ofis Kirtasiye ve Promosyon Ürünleri Imalat Sanayi A.S. of Monday, May 13, 2024

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