Lider Faktoring A.S. Stock Forecast
Lider Faktoring A.S. stock upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The Lider Faktoring A.S. stock price gained 0.85% on the last trading day (Tuesday, 25th Jun 2024), rising from TRY 8.24 to TRY 8.31. During the last trading day the stock fluctuated 3.17% from a day low at TRY 8.21 to a day high of TRY 8.47. The price has fallen in 6 of the last 10 days and is down by -3.37% for this period. Volume fell on the last day by -489 thousand shares and in total, 5 million shares were bought and sold for approximately TRY 38.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at TRY 8.10 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Lider Faktoring A.S. stock with a 90% probability to be traded between TRY 8.14 and TRY 9.76 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LIDFA.IS Signals & Forecast
The Lider Faktoring 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 8.39 and TRY 8.74. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 2.72%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Lider Faktoring A.S. stock
Lider Faktoring A.S. finds support from accumulated volume at TRY 8.21 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 0.260 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 2.94%.
Our recommended stop-loss: TRY 7.86 (-5.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (LIDFA.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Lider Faktoring A.S. to open at TRY 8.33, and during the day (based on 14 day Average True Range), to move between TRY 7.97 and TRY 8.65, which gives a possible trading interval of +/-TRY 0.335 (+/-4.03%) up or down from last closing price. If Lider Faktoring A.S. takes out the full calculated possible swing range there will be an estimated 8.07% 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 8.21 (1.20%) than the resistance at TRY 9.12 (9.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lider Faktoring A.S. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.894 Buy Candidate Upgraded
Predicted Opening Price for Lider Faktoring A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 8.33 ( 0.241%) | TRY 8.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIDFA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.59 | 3.37% |
| R2 | 8.49 | 2.17% |
| R1 | 8.43 | 1.44% |
| Price | 8.31 | |
| S1 | 8.23 | -0.95% |
| S2 | 8.17 | -1.69% |
| S3 | 8.07 | -2.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.68 | 16.49% |
| R2 | 9.25 | 11.31% |
| R1 | 9.12 | 9.75% |
| Price | 8.31 | |
| S1 | 8.21 | -1.20% |
| S2 | 8.19 | -1.44% |
| S3 | 8.10 | -2.53% |
FAQ
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