Mavi Giyim Sanayi ve Ticaret A.S. Stock Forecast

Mavi Giyim Sanayi ve Ticaret A.S. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 24, 2024)

MAVI.IS Signals & Forecast

The Mavi Giyim Sanayi ve Ticaret A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 97.01. On a fall, the stock will find some support from the long-term average at approximately TRY 89.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, May 20, 2024, and so far it has fallen -2.88%. 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). 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 Mavi Giyim Sanayi ve Ticaret A.S. stock

Mavi Giyim Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 96.00 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 2.25 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 3.71%.

Our recommended stop-loss: TRY 91.57 (-4.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)

Trading Expectations (MAVI.IS) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Mavi Giyim Sanayi ve Ticaret A.S. to open at TRY 96.47, and during the day (based on 14 day Average True Range), to move between TRY 92.25 and TRY 100.25, which gives a possible trading interval of +/-TRY 4.00 (+/-4.16%) up or down from last closing price. If Mavi Giyim Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.31% 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 96.00 (0.26%) than the resistance at TRY 96.80 (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mavi Giyim Sanayi ve Ticaret A.S. stock A Buy?

Mavi Giyim Sanayi ve Ticaret A.S. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.183 Hold/Accumulate Upgraded

Predicted Opening Price for Mavi Giyim Sanayi ve Ticaret A.S. of Monday, May 27, 2024

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