RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IZFAS.IS
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Green day on Thursday for Izmir Firça Sanayi ve Ticaret Anonim
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Loss -1.69% PDF

The Izmir Firça Sanayi ve Ticaret Anonim stock price gained 0.297% on the last trading day (Thursday, 28th Mar 2024), rising from TRY 16.85 to TRY 16.90. During the last trading day the stock fluctuated 2.74% from a day low at TRY 16.81 to a day high of TRY 17.27. The price has fallen in 5 of the last 10 days and is down by -6.11% for this period. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately TRY 34.28 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 16.66 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.97% during the next 3 months and, with a 90% probability hold a price between TRY 20.15 and TRY 24.41 at the end of this 3-month period.

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IZFAS.IS Signals & Forecast

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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Izmir Firça Sanayi ve Ticaret Anonim 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 17.12 and TRY 17.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -12.89%. 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).

Support, Risk & Stop-loss for Izmir Firça Sanayi ve Ticaret Anonim stock

Izmir Firça Sanayi ve Ticaret Anonim finds support from accumulated volume at TRY 16.88 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 0.460 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 6.41%.

Izmir Firça Sanayi ve Ticaret Anonim is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IZFAS.IS) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Izmir Firça Sanayi ve Ticaret Anonim Sirketi to open at TRY 16.99, and during the day (based on 14 day Average True Range), to move between TRY 15.98 and TRY 17.82, which gives a possible trading interval of +/-TRY 0.92 (+/-5.46%) up or down from last closing price. If Izmir Firça Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 10.91% 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 16.88 (0.12%) than the resistance at TRY 17.03 (0.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Izmir Firça Sanayi ve Ticaret Anonim Sirketi stock A Buy?

The Izmir Firça Sanayi ve Ticaret Anonim stock holds several negative signals and despite the positive trend, we believe Izmir Firça Sanayi ve Ticaret Anonim will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.817 Sell Candidate Unchanged

Predicted Opening Price for Izmir Firça Sanayi ve Ticaret Anonim Sirketi of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
TRY 16.99 ( 0.552%) TRY 16.90

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

Trading levels for IZFAS.IS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.45 3.27 %
R2 17.28 2.23 %
R1 17.17 1.59 %
Current price: 16.90
Support S1 16.82 -0.487 %
S2 16.71 -1.13 %
S3 16.53 -2.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.55 3.85 %
R2 17.40 2.96 %
R1 17.03 0.769 %
Current price 16.90
Support S1 16.88 -0.118%
S2 16.85 -0.296%
S3 16.50 -2.37%

FAQ

What is the symbol for Izmir Firça Sanayi ve Ticaret Anonim Sirketi Stock and on which exchange is it traded?
The symbol for Izmir Firça Sanayi ve Ticaret Anonim Sirketi is IZFAS.IS and it is traded on the BIST (Istanbul Stock Exchange).

Should I buy or sell Izmir Firça Sanayi ve Ticaret Anonim Sirketi Stock?
The Izmir Firça Sanayi ve Ticaret Anonim stock holds several negative signals and despite the positive trend, we believe Izmir Firça Sanayi ve Ticaret Anonim will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Izmir Firça Sanayi ve Ticaret Anonim Sirketi Stock?
Izmir Firça Sanayi ve Ticaret Anonim Sirketi Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Izmir Firça Sanayi ve Ticaret Anonim Sirketi Stock.

What's the current price of Izmir Firça Sanayi ve Ticaret Anonim Sirketi Stock?
As of the end of day on the 2024-03-28, the price of an Izmir Firça Sanayi ve Ticaret Anonim Sirketi (IZFAS.IS) share was TRY 16.90.

What is the 52-week high and low for Izmir Firça Sanayi ve Ticaret Anonim Sirketi Stock?
The 52-week high for Izmir Firça Sanayi ve Ticaret Anonim Sirketi Stock is TRY 19.90 and the 52-week low is TRY 5.95.
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About Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Izmir Firça Sanayi ve Ticaret Anonim Sirketi Izmir Firça Sanayi ve Ticaret Anonim Sirketi produces and sells various cleaning and painting brushes in Turkey and internationally. The company offers hand tools, brushes, rollers, mops, and squeegees for cleaning fields; and custom brushes for industries. It also provides construction products; and PET-PVC synthetic monofilaments fibers for brushes and brooms. The company is based in Izmir, Turkey.... IZFAS.IS Profile

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