Intema Insaat ve Tesisat Malzemeleri Stock Forecast
Intema Insaat ve Tesisat Malzemeleri stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The Intema Insaat ve Tesisat Malzemeleri stock price fell by -2.47% on the last day (Thursday, 2nd May 2024) from TRY 293.50 to TRY 286.25. During the last trading day the stock fluctuated 5.01% from a day low at TRY 284.25 to a day high of TRY 298.50. The price has fallen in 6 of the last 10 days and is down by -10.55% for this period. Volume has increased on the last day by 94 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 187 thousand shares were bought and sold for approximately TRY 53.65 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 282.96 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.68% during the next 3 months and, with a 90% probability hold a price between TRY 275.37 and TRY 380.70 at the end of this 3-month period.
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INTEM.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 0.175%. 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 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 292.46 and TRY 315.76. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Intema Insaat ve Tesisat Malzemeleri stock
Intema Insaat ve Tesisat Malzemeleri finds support from accumulated volume at TRY 280.00 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 14.25 between high and low, or 5.01%. For the last week, the stock has had daily average volatility of 3.88%.
Our recommended stop-loss: TRY 271.76 (-5.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (INTEM.IS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama A.S. to open at TRY 289.67, and during the day (based on 14 day Average True Range), to move between TRY 267.89 and TRY 304.61, which gives a possible trading interval of +/-TRY 18.36 (+/-6.41%) 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 12.83% 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 280.00 (2.18%) than the resistance at TRY 300.00 (4.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama A.S. stock A Buy?
Intema Insaat ve Tesisat Malzemeleri holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.065 Hold/Accumulate Upgraded
Predicted Opening Price for Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama A.S. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| TRY 289.67 ( 1.19%) | TRY 286.25 |
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 | 303.92 | 6.17 % | |
| R2 | 298.47 | 4.27 % | ||
| R1 | 295.11 | 3.10 % | ||
| Current price: | 286.25 | |||
| Support | S1 | 284.22 | -0.708 % | |
| S2 | 280.86 | -1.88 % | ||
| S3 | 275.42 | -3.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 350.50 | 22.45 % | |
| R2 | 318.25 | 11.18 % | ||
| R1 | 300.00 | 4.80 % | ||
| Current price | 286.25 | |||
| Support | S1 | 280.00 | -2.18% | |
| S2 | 276.00 | -3.58% | ||
| S3 | 263.00 | -8.12% |
FAQ
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