Lider Faktoring A.S. Stock Forecast
Lider Faktoring A.S. stock price down 0.383% on Tuesday
(Updated on Jul 02, 2024)
The Lider Faktoring A.S. stock price fell by -0.383% on the last day (Tuesday, 2nd Jul 2024) from TRY 7.83 to TRY 7.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.12% from a day low at TRY 7.69 to a day high of TRY 7.93. The price has fallen in 7 of the last 10 days and is down by -7.8% 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 -1 million shares and in total, 4 million shares were bought and sold for approximately TRY 29.34 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.37% during the next 3 months and, with a 90% probability hold a price between TRY 6.93 and TRY 8.68 at the end of this 3-month period.
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LIDFA.IS Signals & Forecast
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. 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 8.10 and TRY 8.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -18.92%. Further fall is indicated until a new bottom pivot has been found. 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 Lider Faktoring A.S. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.240 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LIDFA.IS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Lider Faktoring A.S. to open at TRY 7.81, and during the day (based on 14 day Average True Range), to move between TRY 7.47 and TRY 8.13, which gives a possible trading interval of +/-TRY 0.327 (+/-4.19%) 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 8.38% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 9.12, some TRY 1.32 (16.92%) from the current price of TRY 7.80, our system finds the risk reward not very attractive.
Is Lider Faktoring A.S. stock A Buy?
Lider Faktoring A.S. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.526 Sell Candidate Unchanged
Predicted Opening Price for Lider Faktoring A.S. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| TRY 7.81 ( 0.0855%) | TRY 7.80 |
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 | 8.05 | 3.16% |
| R2 | 7.95 | 1.99% |
| R1 | 7.90 | 1.26% |
| Price | 7.80 | |
| S1 | 7.71 | -1.09% |
| S2 | 7.66 | -1.82% |
| S3 | 7.57 | -2.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.62 | 23.33% |
| R2 | 9.25 | 18.59% |
| R1 | 9.12 | 16.92% |
| Price | 7.80 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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