Hat-San Gemi Insaa Bakim Onarim Deniz Stock Forecast
Red day on Friday for Hat-San Gemi Insaa Bakim Onarim Deniz
(Updated on May 17, 2024)
The Hat-San Gemi Insaa Bakim Onarim Deniz stock price fell by -0.477% on the last day (Friday, 17th May 2024) from TRY 62.90 to TRY 62.60. During the last trading day the stock fluctuated 1.60% from a day low at TRY 62.60 to a day high of TRY 63.60. The price has fallen in 6 of the last 10 days and is down by -6.57% for this period. Volume has increased on the last day by 536 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, 2 million shares were bought and sold for approximately TRY 114.86 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 -23.52% during the next 3 months and, with a 90% probability hold a price between TRY 39.23 and TRY 52.22 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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HATSN.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 3.39%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hat-San Gemi Insaa Bakim Onarim Deniz 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 63.39 and TRY 65.33. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Hat-San Gemi Insaa Bakim Onarim Deniz stock
Hat-San Gemi Insaa Bakim Onarim Deniz finds support from accumulated volume at TRY 62.50 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 1.00 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HATSN.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret Anonim Sirketi to open at TRY 62.93, and during the day (based on 14 day Average True Range), to move between TRY 59.41 and TRY 65.79, which gives a possible trading interval of +/-TRY 3.19 (+/-5.10%) up or down from last closing price. If Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 10.20% 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 62.50 (0.16%) than the resistance at TRY 67.00 (7.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret Anonim Sirketi stock A Buy?
Hat-San Gemi Insaa Bakim Onarim Deniz 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: -2.968 Sell Candidate Unchanged
Predicted Opening Price for Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret Anonim Sirketi of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 62.93 ( 0.532%) | TRY 62.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HATSN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.93 | 2.13 % | |
| R2 | 63.55 | 1.52 % | ||
| R1 | 63.32 | 1.14 % | ||
| Current price: | 62.60 | |||
| Support | S1 | 62.55 | -0.0777 % | |
| S2 | 62.32 | -0.455 % | ||
| S3 | 61.93 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.20 | 13.74 % | |
| R2 | 67.05 | 7.11 % | ||
| R1 | 67.00 | 7.03 % | ||
| Current price | 62.60 | |||
| Support | S1 | 62.50 | -0.160% | |
| S2 | 62.25 | -0.559% | ||
| S3 | 61.80 | -1.28% |
FAQ
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