Lokman Hekim Engürüsag Saglik, Turizm, Stock Forecast
Green day on Wednesday for Lokman Hekim Engürüsag Saglik, Turizm, stock after gaining 1.03%
(Updated on Apr 24, 2024)
The Lokman Hekim Engürüsag Saglik, Turizm, stock price gained 1.03% on the last trading day (Wednesday, 24th Apr 2024), rising from TRY 82.15 to TRY 83.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.69% from a day low at TRY 80.00 to a day high of TRY 83.75. The price has risen in 8 of the last 10 days and is up by 28.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 459 thousand shares were bought and sold for approximately TRY 38.10 million.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at TRY 78.69, a level that may pose a second chance to hit a runner. According to fan-theory TRY 96.05 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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LKMNH.IS Signals & Forecast
The Lokman Hekim Engürüsag Saglik, Turizm, 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 80.19 and TRY 66.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 50.77%. 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 Lokman Hekim Engürüsag Saglik, Turizm, stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 76.70 and TRY 66.90. 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, Lokman Hekim Engürüsag Saglik, Turizm, finds support just below today's level at TRY 76.70. If this is broken, then the next support from accumulated volume will be at TRY 66.90 and TRY 64.90.
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 3.75 between high and low, or 4.69%. For the last week, the stock has had daily average volatility of 5.51%.
The Lokman Hekim Engürüsag Saglik, Turizm, stock is extremely overbought on RSI14 (98). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Lokman Hekim Engürüsag Saglik, Turizm, has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: TRY 80.48 (-3.04%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 98 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (LKMNH.IS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Lokman Hekim Engürüsag Saglik, Turizm, Egitim Hizmetleri ve Insaat Taahhüt A.S. to open at TRY 82.25, and during the day (based on 14 day Average True Range), to move between TRY 78.61 and TRY 87.39, which gives a possible trading interval of +/-TRY 4.39 (+/-5.29%) up or down from last closing price. If Lokman Hekim Engürüsag Saglik, Turizm, Egitim Hizmetleri ve Insaat Taahhüt A.S. takes out the full calculated possible swing range there will be an estimated 10.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 76.70, some TRY 6.30 (7.59%) from the current price of TRY 83.00, our system finds the risk reward attractive.
Is Lokman Hekim Engürüsag Saglik, Turizm, Egitim Hizmetleri ve Insaat Taahhüt A.S. stock A Buy?
Lokman Hekim Engürüsag Saglik, Turizm, holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Lokman Hekim Engürüsag Saglik, Turizm, Egitim Hizmetleri ve Insaat Taahhüt A.S. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| TRY 82.25 ( 0.90%) | TRY 83.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LKMNH.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.00 | 3.61 % | |
| R2 | 84.57 | 1.89 % | ||
| R1 | 83.68 | 0.82 % | ||
| Current price: | 83.00 | |||
| Support | S1 | 80.82 | -2.63 % | |
| S2 | 79.93 | -3.70 % | ||
| S3 | 78.50 | -5.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 83.00 | |||
| Support | S1 | 76.70 | -7.59% | |
| S2 | 66.90 | -19.40% | ||
| S3 | 64.90 | -21.81% |
FAQ
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