Indeks Bilgisayar Sistemleri Stock Forecast
Evaluation of Indeks Bilgisayar Sistemleri stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Indeks Bilgisayar Sistemleri stock price fell by -1.48% on the last day (Thursday, 25th Apr 2024) from TRY 9.44 to TRY 9.30. During the last trading day the stock fluctuated 4.09% from a day low at TRY 9.30 to a day high of TRY 9.68. The price has been going up and down for this period, and there has been a 10.19% gain for the last 2 weeks. 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 -5 million shares and in total, 12 million shares were bought and sold for approximately TRY 107.28 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.83% during the next 3 months and, with a 90% probability hold a price between TRY 8.72 and TRY 13.13 at the end of this 3-month period.
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INDES.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 16.10%. 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 Indeks Bilgisayar Sistemleri 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 9.47. On a fall, the stock will find some support from the short-term average at TRY 8.94. 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. 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 Indeks Bilgisayar Sistemleri stock
Indeks Bilgisayar Sistemleri finds support from accumulated volume at TRY 8.87 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 0.380 between high and low, or 4.09%. For the last week, the stock has had daily average volatility of 5.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INDES.IS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi to open at TRY 9.43, and during the day (based on 14 day Average True Range), to move between TRY 8.76 and TRY 9.84, which gives a possible trading interval of +/-TRY 0.535 (+/-5.75%) up or down from last closing price. If Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.51% 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 8.87 (4.62%) than the resistance at TRY 9.96 (7.10%), 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
Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.08% in the first trading day after earnings release.
Is Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi stock A Buy?
Indeks Bilgisayar Sistemleri 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 Buy to a Sell candidate.
Current score: -1.825 Sell Candidate Downgraded
Predicted Opening Price for Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
TRY 9.43 ( 1.36%) | TRY 9.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDES.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.81 | 5.45 % | |
R2 | 9.66 | 3.89 % | ||
R1 | 9.57 | 2.92 % | ||
Current price: | 9.30 | |||
Support | S1 | 9.28 | -0.199 % | |
S2 | 9.19 | -1.16 % | ||
S3 | 9.05 | -2.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.24 | 20.86 % | |
R2 | 10.91 | 17.31 % | ||
R1 | 9.96 | 7.10 % | ||
Current price | 9.30 | |||
Support | S1 | 8.87 | -4.62% | |
S2 | 8.37 | -10.00% | ||
S3 | 8.29 | -10.86% |
INDES Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2023 | May 02, 2023 | May 02, 2023 | TRY 0.85 | 17.21% |
2 | May 25, 2022 | May 25, 2022 | May 25, 2022 | TRY 0.536 | 21.26% |
3 | May 28, 2021 | May 28, 2021 | May 28, 2021 | TRY 0.197 | 9.98% |
4 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | TRY 0.0912 | 11.27% |
5 | May 28, 2019 | May 28, 2019 | May 28, 2019 | TRY 0.109 | 23.72% |
FAQ
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