LIMAK DOGU ANADOLU Stock Forecast

LIMAK DOGU ANADOLU stock price down 2.70% on Friday
(Updated on May 10, 2024)

LMKDC.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 LIMAK DOGU ANADOLU 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 26.01 and TRY 28.68. 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 05, 2024, and so far it has fallen -35.83%. 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 LIMAK DOGU ANADOLU stock

LIMAK DOGU ANADOLU finds support from accumulated volume at TRY 23.70 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 0.740 between high and low, or 3.03%. For the last week, the stock has had daily average volatility of 3.37%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LMKDC.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect LIMAK DOGU ANADOLU to open at TRY 24.71, and during the day (based on 14 day Average True Range), to move between TRY 22.92 and TRY 26.00, which gives a possible trading interval of +/-TRY 1.54 (+/-6.29%) up or down from last closing price. If LIMAK DOGU ANADOLU takes out the full calculated possible swing range there will be an estimated 12.58% 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 23.70 (3.11%) than the resistance at TRY 27.34 (11.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is LIMAK DOGU ANADOLU stock A Buy?

LIMAK DOGU ANADOLU 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: -3.880 Sell Candidate Unchanged

Predicted Opening Price for LIMAK DOGU ANADOLU of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.