Iz Hayvancilik Tarim ve Gida Sanayi Stock Forecast

A very strong day for Iz Hayvancilik Tarim ve Gida Sanayi stock price on Friday
(Updated on Nov 24, 2023)

IZTAR.IS Signals & Forecast

Mostly positive signals in the chart today. 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 43.11 and TRY 34.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, October 16, 2023, and so far it has risen 56.27%. 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 Iz Hayvancilik Tarim ve Gida Sanayi stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 42.98 and TRY 35.96. 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 42.98. If this is broken, then the next support from accumulated volume will be at TRY 35.96 and TRY 35.42.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 2.90 between high and low, or 6.43%. For the last week, the stock has had daily average volatility of 7.04%.

Our recommended stop-loss: TRY 45.23 (-3.52%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (IZTAR.IS) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Iz Hayvancilik Tarim ve Gida Sanayi Ticaret A.S. to open at TRY 46.65, and during the day (based on 14 day Average True Range), to move between TRY 43.87 and TRY 49.89, which gives a possible trading interval of +/-TRY 3.01 (+/-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 12.84% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 42.98, some TRY 3.90 (8.32%) from the current price of TRY 46.88, our system finds the risk reward attractive.

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

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. 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 period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 8.056 Strong Buy Candidate Upgraded

Predicted Opening Price for Iz Hayvancilik Tarim ve Gida Sanayi Ticaret A.S. of Monday, November 27, 2023

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