Jantsa Jant Sanayi ve Ticaret A.S. Stock Forecast
Jantsa Jant Sanayi ve Ticaret A.S. stock downgraded to Sell Candidate
(Updated on May 13, 2024)
The Jantsa Jant Sanayi ve Ticaret A.S. stock price fell by -4.90% on the last day (Monday, 13th May 2024) from TRY 285.75 to TRY 271.75. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.98% from a day low at TRY 271.75 to a day high of TRY 288.00. The price has fallen in 7 of the last 10 days and is down by -12.76% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -204 thousand shares and in total, 494 thousand shares were bought and sold for approximately TRY 134.22 million.
Given the current short-term trend, the stock is expected to rise 56.41% during the next 3 months and, with a 90% probability hold a price between TRY 425.05 and TRY 679.80 at the end of this 3-month period.
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JANTS.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Jantsa Jant Sanayi ve Ticaret A.S. 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 293.89 and TRY 309.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -23.72%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Jantsa Jant Sanayi ve Ticaret A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 257.00 and TRY 248.00. 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, Jantsa Jant Sanayi ve Ticaret A.S. finds support just below today's level at TRY 257.00. If this is broken, then the next support from accumulated volume will be at TRY 248.00 and TRY 204.90.
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 16.25 between high and low, or 5.98%. For the last week, the stock has had daily average volatility of 4.61%.
Jantsa Jant Sanayi ve Ticaret A.S. is oversold on RSI14 (22). 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 (JANTS.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Jantsa Jant Sanayi ve Ticaret A.S. to open at TRY 277.17, and during the day (based on 14 day Average True Range), to move between TRY 253.22 and TRY 290.28, which gives a possible trading interval of +/-TRY 18.53 (+/-6.82%) up or down from last closing price. If Jantsa Jant Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 13.64% 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 257.00 (5.43%) than the resistance at TRY 306.50 (12.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jantsa Jant Sanayi ve Ticaret A.S. stock A Buy?
The Jantsa Jant Sanayi ve Ticaret A.S. stock holds several negative signals and despite the positive trend, we believe Jantsa Jant Sanayi ve Ticaret A.S. 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 Hold/Accumulate to a Sell candidate.
Current score: -1.113 Sell Candidate Downgraded
Predicted Opening Price for Jantsa Jant Sanayi ve Ticaret A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 277.17 ( 1.99%) | TRY 271.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JANTS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 293.42 | 7.97 % | |
| R2 | 287.21 | 5.69 % | ||
| R1 | 283.37 | 4.28 % | ||
| Current price: | 271.75 | |||
| Support | S1 | 270.96 | -0.291 % | |
| S2 | 267.12 | -1.70 % | ||
| S3 | 260.92 | -3.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 334.00 | 22.91 % | |
| R2 | 309.25 | 13.80 % | ||
| R1 | 306.50 | 12.79 % | ||
| Current price | 271.75 | |||
| Support | S1 | 257.00 | -5.43% | |
| S2 | 248.00 | -8.74% | ||
| S3 | 204.90 | -24.60% |
FAQ
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