D-MARKET Elektronik Hizmetler ve Ticaret Stock Forecast
D-MARKET Elektronik Hizmetler ve Ticaret stock upgraded from Hold/Accumulate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The D-MARKET Elektronik Hizmetler ve Ticaret stock price gained 4.76% on the last trading day (Tuesday, 2nd Jul 2024), rising from $2.31 to $2.42. It has now gained 10 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 6.10% from a day low at $2.30 to a day high of $2.44. The price has risen in 10 of the last 10 days and is up by 35.2% over the past 2 weeks. Volume fell on the last day by -119 thousand shares and in total, 828 thousand shares were bought and sold for approximately $2.00 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $2.44 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 63.39% during the next 3 months and, with a 90% probability hold a price between $3.17 and $3.98 at the end of this 3-month period.
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HEPS Signals & Forecast
The D-MARKET Elektronik Hizmetler ve Ticaret 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 $2.15 and $1.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 35.20%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for D-MARKET Elektronik Hizmetler ve Ticaret stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.01 and $1.96. 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, D-MARKET Elektronik Hizmetler ve Ticaret finds support just below today's level at $2.01. If this is broken, then the next support from accumulated volume will be at $1.96 and $1.86.
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 $0.140 between high and low, or 6.10%. For the last week, the stock has had daily average volatility of 5.94%.
Since the D-MARKET Elektronik Hizmetler ve Ticaret has been rising for 10 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $2.34 (-3.24%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (HEPS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi to open at $2.39, and during the day (based on 14 day Average True Range), to move between $2.29 and $2.55, which gives a possible trading interval of +/-$0.133 (+/-5.50%) up or down from last closing price. If D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.00% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $2.01, some $0.410 (16.94%) from the current price of $2.42, our system finds the risk reward attractive.
Is D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi stock A Buy?
D-MARKET Elektronik Hizmetler ve Ticaret holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.075 Strong Buy Candidate Upgraded
Predicted Opening Price for D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $2.39 ( 1.38%) | $2.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEPS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.53 | 4.42% |
| R2 | 2.47 | 2.20% |
| R1 | 2.44 | 0.83% |
| Price | 2.42 | |
| S1 | 2.33 | -3.60% |
| S2 | 2.30 | -4.96% |
| S3 | 2.25 | -7.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2.42 | |
| S1 | 2.01 | -16.94% |
| S2 | 1.96 | -19.01% |
| S3 | 1.86 | -23.14% |
FAQ
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