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Ingram Micro Bilisim Sistemleri Anonim Stock Forecast

TRY 576.00
-28.00 (-4.64%)
At Close: May 13, 2024
RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of INGRM.IS
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Evaluation of Ingram Micro Bilisim Sistemleri Anonim stock downgraded after the last trading session.
(Updated on May 13, 2024)

Sell candidate since May 13, 2024 PDF

The Ingram Micro Bilisim Sistemleri Anonim stock price fell by -4.64% on the last day (Monday, 13th May 2024) from TRY 604.00 to TRY 576.00. During the last trading day the stock fluctuated 9.64% from a day low at TRY 575.50 to a day high of TRY 631.00. The price has fallen in 6 of the last 10 days and is down by -3.19% 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 -57 thousand shares and in total, 106 thousand shares were bought and sold for approximately TRY 61.01 million.

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 -21.50% during the next 3 months and, with a 90% probability hold a price between TRY 370.83 and TRY 510.44 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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INGRM.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Ingram Micro Bilisim Sistemleri Anonim stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 597.50 and TRY 595.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -11.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Ingram Micro Bilisim Sistemleri Anonim stock

Ingram Micro Bilisim Sistemleri Anonim finds support from accumulated volume at TRY 569.00 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 55.50 between high and low, or 9.64%. For the last week, the stock has had daily average volatility of 5.61%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (INGRM.IS) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Ingram Micro Bilisim Sistemleri Anonim Sirketi to open at TRY 594.17, and during the day (based on 14 day Average True Range), to move between TRY 545.88 and TRY 606.12, which gives a possible trading interval of +/-TRY 30.12 (+/-5.23%) up or down from last closing price. If Ingram Micro Bilisim Sistemleri Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 10.46% 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 569.00 (1.22%) than the resistance at TRY 601.00 (4.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ingram Micro Bilisim Sistemleri Anonim Sirketi stock A Buy?

Ingram Micro Bilisim Sistemleri Anonim 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. 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: -3.276 Sell Candidate Downgraded

Predicted Opening Price for Ingram Micro Bilisim Sistemleri Anonim Sirketi of Tuesday, May 14, 2024

Fair opening price May 14, 2024 Current price
TRY 594.17 ( 3.15%) TRY 576.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for INGRM.IS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 649.67 12.79 %
R2 628.47 9.11 %
R1 615.37 6.83 %
Current price: 576.00
Support S1 572.97 -0.527 %
S2 559.87 -2.80 %
S3 538.67 -6.48 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 703.00 22.05 %
R2 661.00 14.76 %
R1 601.00 4.34 %
Current price 576.00
Support S1 569.00 -1.22%
S2 563.00 -2.26%
S3 540.00 -6.25%

FAQ

What is the symbol for Ingram Micro Bilisim Sistemleri Anonim Sirketi Stock and on which exchange is it traded?
The symbol for Ingram Micro Bilisim Sistemleri Anonim Sirketi is INGRM.IS and it is traded on the BIST (Istanbul Stock Exchange).

Should I buy or sell Ingram Micro Bilisim Sistemleri Anonim Sirketi Stock?
Ingram Micro Bilisim Sistemleri Anonim 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. 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.

How to buy Ingram Micro Bilisim Sistemleri Anonim Sirketi Stock?
Ingram Micro Bilisim Sistemleri Anonim Sirketi Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ingram Micro Bilisim Sistemleri Anonim Sirketi Stock.

What's the current price of Ingram Micro Bilisim Sistemleri Anonim Sirketi Stock?
As of the end of day on the May 13, 2024, the price of an Ingram Micro Bilisim Sistemleri Anonim Sirketi (INGRM.IS) share was TRY 576.00.

What is the 52-week high and low for Ingram Micro Bilisim Sistemleri Anonim Sirketi Stock?
The 52-week high for Ingram Micro Bilisim Sistemleri Anonim Sirketi Stock is TRY 1,341.00 and the 52-week low is TRY 304.70.
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