Gübre Fabrikalari T.A.S. Stock Forecast
Red day on Friday for Gübre Fabrikalari T.A.S. stock after losing 2.04%
(Updated on May 10, 2024)
The Gübre Fabrikalari T.A.S. stock price fell by -2.04% on the last day (Friday, 10th May 2024) from TRY 156.90 to TRY 153.70. During the last trading day the stock fluctuated 3.20% from a day low at TRY 153.10 to a day high of TRY 158.00. The price has been going up and down for this period, and there has been a -2.41% loss for the last 2 weeks. Volume has increased on the last day by 185 thousand 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, 4 million shares were bought and sold for approximately TRY 612.93 million.
The stock lies in the middle of a very 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 -24.84% during the next 3 months and, with a 90% probability hold a price between TRY 95.74 and TRY 120.89 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GUBRF.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 4.42%. 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 Gübre Fabrikalari T.A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 158.36 and TRY 157.41. 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 Gübre Fabrikalari T.A.S. stock
Gübre Fabrikalari T.A.S. finds support from accumulated volume at TRY 152.60 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved TRY 4.90 between high and low, or 3.20%. For the last week the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GUBRF.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Gübre Fabrikalari T.A.S. to open at TRY 154.93, and during the day (based on 14 day Average True Range), to move between TRY 147.21 and TRY 160.19, which gives a possible trading interval of +/-TRY 6.49 (+/-4.22%) up or down from last closing price. If Gübre Fabrikalari T.A.S. takes out the full calculated possible swing range there will be an estimated 8.45% 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 152.60 (0.72%) than the resistance at TRY 163.00 (6.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Gübre Fabrikalari T.A.S. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Gübre Fabrikalari T.A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.39% in the first trading day after earnings release.
Is Gübre Fabrikalari T.A.S. stock A Buy?
Gübre Fabrikalari T.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.
Current score: -2.203 Sell Candidate Unchanged
Predicted Opening Price for Gübre Fabrikalari T.A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 154.93 ( 0.80%) | TRY 153.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GUBRF.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 159.83 | 3.99 % | |
| R2 | 157.96 | 2.77 % | ||
| R1 | 156.81 | 2.02 % | ||
| Current price: | 153.70 | |||
| Support | S1 | 153.06 | -0.415 % | |
| S2 | 151.91 | -1.17 % | ||
| S3 | 150.03 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 179.90 | 17.05 % | |
| R2 | 166.10 | 8.07 % | ||
| R1 | 163.00 | 6.05 % | ||
| Current price | 153.70 | |||
| Support | S1 | 152.60 | -0.716% | |
| S2 | 151.00 | -1.76% | ||
| S3 | 149.20 | -2.93% |
GUBRF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 29, 2016 | Jul 29, 2016 | Jul 29, 2016 | TRY 0.100 | 1.84% |
| 2 | Jul 31, 2015 | Jul 31, 2015 | Jul 31, 2015 | TRY 0.150 | 1.97% |
| 3 | May 30, 2014 | May 30, 2014 | May 30, 2014 | TRY 0.200 | 4.98% |
| 4 | May 30, 2008 | May 30, 2008 | May 30, 2008 | TRY 0.0337 | 1.24% |
| 5 | May 30, 2007 | May 30, 2007 | May 30, 2007 | TRY 0.0153 | 3.71% |
FAQ
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