Isiklar Enerji ve Yapi Holding A.S. Stock Forecast
Weaker technical forecast for Isiklar Enerji ve Yapi Holding A.S. as stock downgraded to Sell Candidate.
(Updated on May 24, 2024)
The Isiklar Enerji ve Yapi Holding A.S. stock price gained 0.204% on the last trading day (Friday, 24th May 2024), rising from TRY 4.90 to TRY 4.91. During the last trading day the stock fluctuated 2.90% from a day low at TRY 4.83 to a day high of TRY 4.97. The price has risen in 6 of the last 10 days but is still down by -0.61% for this period. Volume fell on the last day by -8 million shares and in total, 9 million shares were bought and sold for approximately TRY 42.48 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 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 -15.74% during the next 3 months and, with a 90% probability hold a price between TRY 3.57 and TRY 4.49 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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IEYHO.IS Signals & Forecast
There are mixed signals in the stock today. The Isiklar Enerji ve Yapi Holding A.S. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 5.10. On a fall, the stock will find some support from the short-term average at TRY 4.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 3.15%. 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.
A sell signal from a double top formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should fall by -13.31% to TRY 4.26 within 15 trading days since signal was issued (Monday, May 27, 2024).
Support, Risk & Stop-loss for Isiklar Enerji ve Yapi Holding A.S. stock
Isiklar Enerji ve Yapi Holding A.S. finds support from accumulated volume at TRY 4.86 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 0.140 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IEYHO.IS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Isiklar Enerji ve Yapi Holding A.S. to open at TRY 4.90, and during the day (based on 14 day Average True Range), to move between TRY 4.68 and TRY 5.14, which gives a possible trading interval of +/-TRY 0.226 (+/-4.60%) up or down from last closing price. If Isiklar Enerji ve Yapi Holding A.S. takes out the full calculated possible swing range there will be an estimated 9.19% 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 4.86 (1.02%) than the resistance at TRY 5.38 (9.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Isiklar Enerji ve Yapi Holding A.S. stock A Buy?
Isiklar Enerji ve Yapi Holding A.S. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.255 Sell Candidate Downgraded
Predicted Opening Price for Isiklar Enerji ve Yapi Holding A.S. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| TRY 4.90 ( 0.136%) | TRY 4.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IEYHO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.04 | 2.72 % | |
| R2 | 4.99 | 1.63 % | ||
| R1 | 4.96 | 0.95 % | ||
| Current price: | 4.91 | |||
| Support | S1 | 4.85 | -1.22 % | |
| S2 | 4.82 | -1.90 % | ||
| S3 | 4.76 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.75 | 17.11 % | |
| R2 | 5.70 | 16.09 % | ||
| R1 | 5.38 | 9.57 % | ||
| Current price | 4.91 | |||
| Support | S1 | 4.86 | -1.02% | |
| S2 | 4.83 | -1.63% | ||
| S3 | 4.76 | -3.05% |
FAQ
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