Iz Hayvancilik Tarim ve Gida Sanayi Stock Forecast
Volatile ride for Iz Hayvancilik Tarim ve Gida Sanayi stock price on Friday moving between TRY 56.40 and TRY 62.75
(Updated on May 17, 2024)
The Iz Hayvancilik Tarim ve Gida Sanayi stock price fell by -2.56% on the last day (Friday, 17th May 2024) from TRY 58.65 to TRY 57.15. During the last trading day the stock fluctuated 11.26% from a day low at TRY 56.40 to a day high of TRY 62.75. The price has been going up and down for this period, and there has been a -2.97% loss for the last 2 weeks. Volume has increased on the last day by 358 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 794 thousand shares were bought and sold for approximately TRY 45.35 million.
The stock lies in the lower part of a very 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 56.43 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 27.08% during the next 3 months and, with a 90% probability hold a price between TRY 71.71 and TRY 94.55 at the end of this 3-month period.
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IZINV.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Iz Hayvancilik Tarim ve Gida Sanayi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 58.14 and TRY 58.03. 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 22, 2024, and so far it has fallen -12.08%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Iz Hayvancilik Tarim ve Gida Sanayi stock
Iz Hayvancilik Tarim ve Gida Sanayi finds support from accumulated volume at TRY 55.60 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 6.35 between high and low, or 11.26%. For the last week, the stock has had daily average volatility of 5.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IZINV.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Iz Hayvancilik Tarim ve Gida Sanayi Ticaret A.S. to open at TRY 58.77, and during the day (based on 14 day Average True Range), to move between TRY 53.46 and TRY 60.84, which gives a possible trading interval of +/-TRY 3.69 (+/-6.45%) 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 12.91% 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 55.60 (2.71%) than the resistance at TRY 58.90 (3.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Iz Hayvancilik Tarim ve Gida Sanayi Ticaret A.S. stock A Buy?
The Iz Hayvancilik Tarim ve Gida Sanayi stock holds several negative signals and despite the positive trend, we believe Iz Hayvancilik Tarim ve Gida Sanayi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.803 Sell Candidate Downgraded
Predicted Opening Price for Iz Hayvancilik Tarim ve Gida Sanayi Ticaret A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 58.77 ( 2.83%) | TRY 57.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IZINV.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.12 | 13.94 % | |
| R2 | 62.69 | 9.70 % | ||
| R1 | 61.19 | 7.07 % | ||
| Current price: | 57.15 | |||
| Support | S1 | 56.34 | -1.42 % | |
| S2 | 54.84 | -4.04 % | ||
| S3 | 52.42 | -8.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.15 | 7.00 % | |
| R2 | 59.10 | 3.41 % | ||
| R1 | 58.90 | 3.06 % | ||
| Current price | 57.15 | |||
| Support | S1 | 55.60 | -2.71% | |
| S2 | 52.95 | -7.35% | ||
| S3 | 48.18 | -15.70% |
FAQ
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