Indeks Bilgisayar Sistemleri Stock Forecast
Indeks Bilgisayar Sistemleri stock price up 2.14% on Tuesday
(Updated on May 07, 2024)
The Indeks Bilgisayar Sistemleri stock price gained 2.14% on the last trading day (Tuesday, 7th May 2024), rising from TRY 10.27 to TRY 10.49. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.84% from a day low at TRY 9.94 to a day high of TRY 10.62. The price has risen in 7 of the last 10 days and is up by 16.56% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 17 million shares were bought and sold for approximately TRY 182.56 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 -3.82% during the next 3 months and, with a 90% probability hold a price between TRY 7.56 and TRY 10.98 at the end of this 3-month period.
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INDES.IS Signals & Forecast
Mostly positive signals in the chart today. The Indeks Bilgisayar Sistemleri 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 TRY 9.70 and TRY 9.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 30.96%. 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). 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.
Support, Risk & Stop-loss for Indeks Bilgisayar Sistemleri stock
Indeks Bilgisayar Sistemleri finds support from accumulated volume at TRY 10.34 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 0.680 between high and low, or 6.84%. For the last week, the stock has had daily average volatility of 4.94%.
Our recommended stop-loss: TRY 10.04 (-4.28%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (INDES.IS) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi to open at TRY 10.35, and during the day (based on 14 day Average True Range), to move between TRY 9.99 and TRY 10.99, which gives a possible trading interval of +/-TRY 0.499 (+/-4.76%) 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 9.52% 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 10.34 (1.43%) than the resistance at TRY 10.91 (4.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.439 Buy Candidate Unchanged
Predicted Opening Price for Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| TRY 10.35 ( 1.33%) | TRY 10.49 |
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 | 11.03 | 5.15 % | |
| R2 | 10.77 | 2.67 % | ||
| R1 | 10.61 | 1.14 % | ||
| Current price: | 10.49 | |||
| Support | S1 | 10.09 | -3.81 % | |
| S2 | 9.93 | -5.34 % | ||
| S3 | 9.67 | -7.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.78 | 12.30 % | |
| R2 | 11.24 | 7.15 % | ||
| R1 | 10.91 | 4.00 % | ||
| Current price | 10.49 | |||
| Support | S1 | 10.34 | -1.43% | |
| S2 | 9.96 | -5.05% | ||
| S3 | 8.87 | -15.44% |
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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