Makim Makina Teknolojileri Sanayi Ve Stock Forecast

Makim Makina Teknolojileri Sanayi Ve stock price took a fall of -7.50% on Tuesday
(Updated on Jun 25, 2024)

MAKIM.IS Signals & Forecast

The Makim Makina Teknolojileri Sanayi Ve 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 32.00 and TRY 29.78. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -9.32%. 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 Makim Makina Teknolojileri Sanayi Ve stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 30.24 and TRY 29.10. 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, Makim Makina Teknolojileri Sanayi Ve finds support just below today's level at TRY 30.24. If this is broken, then the next support from accumulated volume will be at TRY 29.10 and TRY 28.82.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 3.02 between high and low, or 9.35%. For the last week, the stock has had daily average volatility of 9.55%.

Our recommended stop-loss: TRY 30.47 (-5.72%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (MAKIM.IS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. to open at TRY 33.31, and during the day (based on 14 day Average True Range), to move between TRY 30.10 and TRY 34.54, which gives a possible trading interval of +/-TRY 2.22 (+/-6.86%) up or down from last closing price. If Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 13.73% 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 32.52 (0.62%) than the support at TRY 30.24 (6.44%), 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 Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Makim Makina Teknolojileri Sanayi Ve stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.744 Buy Candidate Upgraded

Predicted Opening Price for Makim Makina Teknolojileri Sanayi Ve Ticaret A.S. of Wednesday, June 26, 2024

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