Hun Yenilenebilir Enerji Üretim A.S. Stock Forecast
Hun Yenilenebilir Enerji Üretim A.S. stock upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Hun Yenilenebilir Enerji Üretim A.S. stock price fell by -2.57% on the last day (Tuesday, 25th Jun 2024) from TRY 3.89 to TRY 3.79. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.43% from a day low at TRY 3.79 to a day high of TRY 3.92. The price has fallen in 8 of the last 10 days and is down by -9.76% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 15 million shares were bought and sold for approximately TRY 57.27 million.
The stock lies the upper part of a very wide and falling 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 TRY 3.93 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -50.62% during the next 3 months and, with a 90% probability hold a price between TRY 1.17 and TRY 1.94 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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HUNER.IS Signals & Forecast
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 Hun Yenilenebilir Enerji Üretim A.S. 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 3.97 and TRY 4.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -25.98%. 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 Hun Yenilenebilir Enerji Üretim A.S. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.130 between high and low, or 3.43%. For the last week, the stock has had daily average volatility of 2.80%.
Hun Yenilenebilir Enerji Üretim A.S. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HUNER.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Hun Yenilenebilir Enerji Üretim A.S. to open at TRY 3.83, and during the day (based on 14 day Average True Range), to move between TRY 3.55 and TRY 4.03, which gives a possible trading interval of +/-TRY 0.237 (+/-6.25%) up or down from last closing price. If Hun Yenilenebilir Enerji Üretim A.S. takes out the full calculated possible swing range there will be an estimated 12.50% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 4.06, some TRY 0.270 (7.12%) from the current price of TRY 3.79, our system finds the risk reward not very attractive.
Is Hun Yenilenebilir Enerji Üretim A.S. stock A Buy?
Hun Yenilenebilir Enerji Üretim 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.896 Sell Candidate Upgraded
Predicted Opening Price for Hun Yenilenebilir Enerji Üretim A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 3.83 ( 1.14%) | TRY 3.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUNER.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.96 | 4.57% |
| R2 | 3.91 | 3.26% |
| R1 | 3.88 | 2.45% |
| Price | 3.79 | |
| S1 | 3.78 | -0.167% |
| S2 | 3.75 | -0.98% |
| S3 | 3.70 | -2.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.65 | 22.69% |
| R2 | 4.53 | 19.53% |
| R1 | 4.06 | 7.12% |
| Price | 3.79 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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