Link Bilgisayar Sistemleri Yazilimi ve Stock Forecast
Green day on Thursday for Link Bilgisayar Sistemleri Yazilimi ve stock after gaining 1.10%
(Updated on May 09, 2024)
The Link Bilgisayar Sistemleri Yazilimi ve stock price gained 1.10% on the last trading day (Thursday, 9th May 2024), rising from TRY 408.50 to TRY 413.00. During the last trading day the stock fluctuated 6.33% from a day low at TRY 399.00 to a day high of TRY 424.25. The price has fallen in 6 of the last 10 days and is down by -10.22% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 126 thousand shares were bought and sold for approximately TRY 51.97 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 391.93 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 18.41% during the next 3 months and, with a 90% probability hold a price between TRY 464.08 and TRY 627.53 at the end of this 3-month period.
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LINK.IS Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Link Bilgisayar Sistemleri Yazilimi ve 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 424.39 and TRY 416.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -15.71%. 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).
Support, Risk & Stop-loss for Link Bilgisayar Sistemleri Yazilimi ve stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 391.00 and TRY 378.00. 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, Link Bilgisayar Sistemleri Yazilimi ve finds support just below today's level at TRY 391.00. If this is broken, then the next support from accumulated volume will be at TRY 378.00 and TRY 353.00.
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 25.25 between high and low, or 6.33%. For the last week, the stock has had daily average volatility of 6.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LINK.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret A.S. to open at TRY 412.08, and during the day (based on 14 day Average True Range), to move between TRY 383.83 and TRY 442.17, which gives a possible trading interval of +/-TRY 29.17 (+/-7.06%) up or down from last closing price. If Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 14.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 415.75 (0.67%) than the support at TRY 391.00 (5.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret A.S. stock A Buy?
The Link Bilgisayar Sistemleri Yazilimi ve stock holds several negative signals and despite the positive trend, we believe Link Bilgisayar Sistemleri Yazilimi ve will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.429 Sell Candidate Unchanged
Predicted Opening Price for Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret A.S. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 412.08 ( 0.222%) | TRY 413.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LINK.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 437.33 | 5.89 % | |
| R2 | 427.69 | 3.56 % | ||
| R1 | 421.73 | 2.11 % | ||
| Current price: | 413.00 | |||
| Support | S1 | 402.44 | -2.56 % | |
| S2 | 396.48 | -4.00 % | ||
| S3 | 386.83 | -6.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 456.00 | 10.41 % | |
| R2 | 451.50 | 9.32 % | ||
| R1 | 415.75 | 0.666 % | ||
| Current price | 413.00 | |||
| Support | S1 | 391.00 | -5.33% | |
| S2 | 378.00 | -8.47% | ||
| S3 | 353.00 | -14.53% |
FAQ
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