Izmir Firça Sanayi ve Ticaret Anonim Stock Forecast

Green day on Friday for Izmir Firça Sanayi ve Ticaret Anonim stock after gaining 3.50%
(Updated on Apr 26, 2024)

IZFAS.IS Signals & Forecast

The Izmir Firça Sanayi ve Ticaret 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 19.82 and TRY 18.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 31.04%. 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 is rising along with the price. This is considered to be a good technical signal.

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

On the downside, the stock finds support just below today's level from accumulated volume at TRY 17.55 and TRY 17.40. 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, Izmir Firça Sanayi ve Ticaret Anonim finds support just below today's level at TRY 17.55. If this is broken, then the next support from accumulated volume will be at TRY 17.40 and TRY 16.88.

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 1.90 between high and low, or 9.69%. For the last week, the stock has had daily average volatility of 8.11%.

The Izmir Firça Sanayi ve Ticaret Anonim stock is extremely overbought on RSI14 (84). 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 20.61 (-3.32%) (This stock has high daily movements and this gives high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

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

For the upcoming trading day on Monday, 29th we expect Izmir Firça Sanayi ve Ticaret Anonim Sirketi to open at TRY 20.81, and during the day (based on 14 day Average True Range), to move between TRY 20.27 and TRY 22.37, which gives a possible trading interval of +/-TRY 1.05 (+/-4.90%) 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 9.81% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 17.55, some TRY 3.77 (17.68%) from the current price of TRY 21.32, our system finds the risk reward attractive.

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

Izmir Firça Sanayi ve Ticaret Anonim holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Izmir Firça Sanayi ve Ticaret Anonim Sirketi of Monday, April 29, 2024

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