IZDEMIR Enerji Elektrik Uretim A.S. Stock Forecast
Red day on Monday for IZDEMIR Enerji Elektrik Uretim A.S.
(Updated on May 13, 2024)
The IZDEMIR Enerji Elektrik Uretim A.S. stock price fell by -4.82% on the last day (Monday, 13th May 2024) from TRY 26.58 to TRY 25.30. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 6.09% from a day low at TRY 25.30 to a day high of TRY 26.84. The price has fallen in 8 of the last 10 days and is down by -7.19% for this period. 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 -398 thousand shares and in total, 3 million shares were bought and sold for approximately TRY 72.36 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.13% during the next 3 months and, with a 90% probability hold a price between TRY 16.98 and TRY 21.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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IZENR.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 2.10%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The IZDEMIR Enerji Elektrik Uretim A.S. 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 27.00 and TRY 27.02. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 IZDEMIR Enerji Elektrik Uretim A.S. stock
IZDEMIR Enerji Elektrik Uretim A.S. finds support from accumulated volume at TRY 25.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 1.54 (6.09%) between high and low. For the last week, the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IZENR.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect IZDEMIR Enerji Elektrik Uretim A.S. to open at TRY 25.81, and during the day (based on 14 day Average True Range), to move between TRY 24.11 and TRY 26.49, which gives a possible trading interval of +/-TRY 1.19 (+/-4.70%) up or down from last closing price. If IZDEMIR Enerji Elektrik Uretim A.S. takes out the full calculated possible swing range there will be an estimated 9.39% 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 25.22 (0.32%) than the resistance at TRY 27.24 (7.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IZDEMIR Enerji Elektrik Uretim A.S. stock A Buy?
IZDEMIR Enerji Elektrik Uretim A.S. 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: -2.550 Sell Candidate Unchanged
Predicted Opening Price for IZDEMIR Enerji Elektrik Uretim A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 25.81 ( 2.03%) | TRY 25.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IZENR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.35 | 8.12 % | |
| R2 | 26.77 | 5.79 % | ||
| R1 | 26.40 | 4.35 % | ||
| Current price: | 25.30 | |||
| Support | S1 | 25.23 | -0.296 % | |
| S2 | 24.86 | -1.73 % | ||
| S3 | 24.27 | -4.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.76 | 21.58 % | |
| R2 | 30.36 | 20.00 % | ||
| R1 | 27.24 | 7.67 % | ||
| Current price | 25.30 | |||
| Support | S1 | 25.22 | -0.316% | |
| S2 | 24.88 | -1.66% | ||
| S3 | 24.78 | -2.06% |
FAQ
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