Ipek Dogal Enerji Kaynaklari Arastirma Stock Forecast
Ipek Dogal Enerji Kaynaklari Arastirma stock price down 4.47% on Friday
(Updated on May 10, 2024)
The Ipek Dogal Enerji Kaynaklari Arastirma stock price fell by -4.47% on the last day (Friday, 10th May 2024) from TRY 40.68 to TRY 38.86. During the last trading day the stock fluctuated 2.60% from a day low at TRY 38.50 to a day high of TRY 39.50. The price has been going up and down for this period, and there has been a -1.42% loss for the last 2 weeks. Volume has increased on the last day by 2 million 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, 5 million shares were bought and sold for approximately TRY 194.27 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ipek Dogal Enerji Kaynaklari Arastirma stock with a 90% probability to be traded between TRY 35.62 and TRY 44.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IPEKE.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Ipek Dogal Enerji Kaynaklari Arastirma 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 41.21 and TRY 40.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -10.75%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ipek Dogal Enerji Kaynaklari Arastirma stock
Ipek Dogal Enerji Kaynaklari Arastirma finds support from accumulated volume at TRY 38.68 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 1.00 between high and low, or 2.60%. For the last week, the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IPEKE.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Ipek Dogal Enerji Kaynaklari Arastirma ve Üretim A.S. to open at TRY 38.95, and during the day (based on 14 day Average True Range), to move between TRY 37.16 and TRY 40.56, which gives a possible trading interval of +/-TRY 1.70 (+/-4.37%) up or down from last closing price. If Ipek Dogal Enerji Kaynaklari Arastirma ve Üretim A.S. takes out the full calculated possible swing range there will be an estimated 8.75% 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 38.68 (0.46%) than the resistance at TRY 43.20 (11.17%), 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
Ipek Dogal Enerji Kaynaklari Arastirma ve Üretim A.S. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Ipek Dogal Enerji Kaynaklari Arastirma ve Üretim A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.05% in the first trading day after earnings release.
Is Ipek Dogal Enerji Kaynaklari Arastirma ve Üretim A.S. stock A Buy?
Ipek Dogal Enerji Kaynaklari Arastirma 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.
Current score: -4.104 Sell Candidate Unchanged
Predicted Opening Price for Ipek Dogal Enerji Kaynaklari Arastirma ve Üretim A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 38.95 ( 0.240%) | TRY 38.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPEKE.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.95 | 2.81 % | |
| R2 | 39.57 | 1.83 % | ||
| R1 | 39.34 | 1.22 % | ||
| Current price: | 38.86 | |||
| Support | S1 | 38.57 | -0.743 % | |
| S2 | 38.34 | -1.35 % | ||
| S3 | 37.95 | -2.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.72 | 15.08 % | |
| R2 | 44.20 | 13.74 % | ||
| R1 | 43.20 | 11.17 % | ||
| Current price | 38.86 | |||
| Support | S1 | 38.68 | -0.463% | |
| S2 | 37.66 | -3.09% | ||
| S3 | 37.56 | -3.35% |
FAQ
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