Intema Insaat ve Tesisat Malzemeleri Stock Forecast
Red day on Friday for Intema Insaat ve Tesisat Malzemeleri stock after losing 0.667%
(Updated on Apr 19, 2024)
The Intema Insaat ve Tesisat Malzemeleri stock price fell by -0.667% on the last day (Friday, 19th Apr 2024) from TRY 300.00 to TRY 298.00. During the last trading day the stock fluctuated 2.92% from a day low at TRY 291.25 to a day high of TRY 299.75. The price has risen in 6 of the last 10 days and is up by 0.34% over the past 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 -397 thousand shares and in total, 145 thousand shares were bought and sold for approximately TRY 43.16 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 294.85 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.79% during the next 3 months and, with a 90% probability hold a price between TRY 350.25 and TRY 521.28 at the end of this 3-month period.
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INTEM.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 Intema Insaat ve Tesisat Malzemeleri 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 317.75 and TRY 327.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -25.31%. 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 Intema Insaat ve Tesisat Malzemeleri stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 276.00 and TRY 256.75. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Intema Insaat ve Tesisat Malzemeleri finds support just below today's level at TRY 276.00. If this is broken, then the next support from accumulated volume will be at TRY 256.75 and TRY 247.90.
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 8.50 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 6.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INTEM.IS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama A.S. to open at TRY 296.33, and during the day (based on 14 day Average True Range), to move between TRY 275.76 and TRY 320.24, which gives a possible trading interval of +/-TRY 22.24 (+/-7.46%) up or down from last closing price. If Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama A.S. takes out the full calculated possible swing range there will be an estimated 14.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 300.00 (0.67%) than the support at TRY 276.00 (7.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama A.S. stock A Buy?
The Intema Insaat ve Tesisat Malzemeleri stock holds several negative signals and despite the positive trend, we believe Intema Insaat ve Tesisat Malzemeleri will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.755 Sell Candidate Unchanged
Predicted Opening Price for Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama A.S. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| TRY 296.33 ( 0.559%) | TRY 298.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INTEM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 304.83 | 2.29 % | |
| R2 | 301.59 | 1.20 % | ||
| R1 | 299.58 | 0.530 % | ||
| Current price: | 298.00 | |||
| Support | S1 | 293.09 | -1.65 % | |
| S2 | 291.08 | -2.32 % | ||
| S3 | 287.83 | -3.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 350.50 | 17.62 % | |
| R2 | 318.25 | 6.80 % | ||
| R1 | 300.00 | 0.671 % | ||
| Current price | 298.00 | |||
| Support | S1 | 276.00 | -7.38% | |
| S2 | 256.75 | -13.84% | ||
| S3 | 247.90 | -16.81% |
FAQ
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