Is Yatirim Menkul Degerler Anonim Stock Forecast

Is Yatirim Menkul Degerler Anonim stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on May 08, 2024)

ISMEN.IS Signals & Forecast

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 37.45 and TRY 33.55. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -1.16%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Is Yatirim Menkul Degerler Anonim stock

Is Yatirim Menkul Degerler Anonim finds support from accumulated volume at TRY 37.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 1.98 between high and low, or 5.47%. For the last week, the stock has had daily average volatility of 3.11%.

The Is Yatirim Menkul Degerler Anonim stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: TRY 36.21 (-3.75%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (ISMEN.IS) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Is Yatirim Menkul Degerler Anonim Sirketi to open at TRY 37.32, and during the day (based on 14 day Average True Range), to move between TRY 36.30 and TRY 38.94, which gives a possible trading interval of +/-TRY 1.32 (+/-3.52%) 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 7.04% 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 37.18 (1.17%) than the resistance at TRY 39.00 (3.67%), 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, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.418 Buy Candidate Upgraded

Predicted Opening Price for Is Yatirim Menkul Degerler Anonim Sirketi of Thursday, May 9, 2024

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