Meditera Tibbi Malzeme Sanayi ve Ticaret Stock Forecast

Meditera Tibbi Malzeme Sanayi ve Ticaret stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on May 14, 2024)

MEDTR.IS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 4.65%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Meditera Tibbi Malzeme Sanayi ve Ticaret 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 31.00 and TRY 31.91. A break-up above any of these levels will issue buy signals. 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 Meditera Tibbi Malzeme Sanayi ve Ticaret stock

Meditera Tibbi Malzeme Sanayi ve Ticaret finds support from accumulated volume at TRY 30.42 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 2.46%. For the last week, the stock has had daily average volatility of 4.12%.

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

Trading Expectations (MEDTR.IS) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect Meditera Tibbi Malzeme Sanayi ve Ticaret Anonim Sirketi to open at TRY 30.53, and during the day (based on 14 day Average True Range), to move between TRY 29.02 and TRY 32.18, which gives a possible trading interval of +/-TRY 1.58 (+/-5.15%) up or down from last closing price. If Meditera Tibbi Malzeme Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 10.30% 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 30.42 (0.59%) than the resistance at TRY 31.20 (1.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Meditera Tibbi Malzeme Sanayi ve Ticaret Anonim Sirketi stock A Buy?

Meditera Tibbi Malzeme Sanayi ve Ticaret 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.041 Sell Candidate Downgraded

Predicted Opening Price for Meditera Tibbi Malzeme Sanayi ve Ticaret Anonim Sirketi of Wednesday, May 15, 2024

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