Is Yatirim Menkul Degerler Anonim Stock Forecast

Green day on Friday for Is Yatirim Menkul Degerler Anonim
(Updated on Apr 26, 2024)

ISMEN.IS Signals & Forecast

Mostly positive signals in the chart today. The Is Yatirim Menkul Degerler Anonim 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 33.75 and TRY 33.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 21.42%. 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 Is Yatirim Menkul Degerler Anonim stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 34.28 and TRY 33.26. 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, Is Yatirim Menkul Degerler Anonim finds support just below today's level at TRY 34.28. If this is broken, then the next support from accumulated volume will be at TRY 33.26 and TRY 29.98.

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 1.28 between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 3.93%.

The Is Yatirim Menkul Degerler Anonim stock is extremely overbought on RSI14 (86). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: TRY 35.15 (-2.78%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (ISMEN.IS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Is Yatirim Menkul Degerler Anonim Sirketi to open at TRY 35.81, and during the day (based on 14 day Average True Range), to move between TRY 34.80 and TRY 37.52, which gives a possible trading interval of +/-TRY 1.36 (+/-3.76%) up or down from last closing price. If Is Yatirim Menkul Degerler Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 7.52% 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 34.28 (5.20%) than the resistance at TRY 39.00 (7.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Is Yatirim Menkul Degerler Anonim Sirketi stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 3.632 Buy Candidate Unchanged

Predicted Opening Price for Is Yatirim Menkul Degerler Anonim Sirketi of Monday, April 29, 2024

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