Iz Hayvancilik Tarim ve Gida Sanayi Stock Forecast

Red day on Thursday for Iz Hayvancilik Tarim ve Gida Sanayi
(Updated on May 09, 2024)

IZINV.IS Signals & Forecast

The Iz Hayvancilik Tarim ve Gida Sanayi 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 59.79 and TRY 58.20. 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). 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 Friday, March 22, 2024, and so far it has fallen -6.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Iz Hayvancilik Tarim ve Gida Sanayi stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 55.60 and TRY 52.95. 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, Iz Hayvancilik Tarim ve Gida Sanayi finds support just below today's level at TRY 55.60. If this is broken, then the next support from accumulated volume will be at TRY 52.95 and TRY 48.18.

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 2.35 between high and low, or 3.89%. For the last week, the stock has had daily average volatility of 4.82%.

Our recommended stop-loss: TRY 58.06 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (IZINV.IS) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Iz Hayvancilik Tarim ve Gida Sanayi Ticaret A.S. to open at TRY 61.38, and during the day (based on 14 day Average True Range), to move between TRY 57.08 and TRY 64.92, which gives a possible trading interval of +/-TRY 3.92 (+/-6.42%) up or down from last closing price. If Iz Hayvancilik Tarim ve Gida Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 12.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at TRY 61.15 (0.25%) than the support at TRY 55.60 (8.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Iz Hayvancilik Tarim ve Gida Sanayi Ticaret A.S. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Iz Hayvancilik Tarim ve Gida Sanayi stock to perform well in the short-term.

Current score: 2.472 Buy Candidate Unchanged

Predicted Opening Price for Iz Hayvancilik Tarim ve Gida Sanayi Ticaret A.S. of Friday, May 10, 2024

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