Mepet Metro Petrol ve Tesisleri Sanayi Stock Forecast

Mepet Metro Petrol ve Tesisleri Sanayi stock price ended at TRY 12.88 on Thursday, after gaining 0.156%.
(Updated on May 09, 2024)

MEPET.IS Signals & Forecast

The Mepet Metro Petrol ve Tesisleri Sanayi 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 13.18. On a fall, the stock will find some support from the long-term average at approximately TRY 12.57. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, March 04, 2024, and so far it has fallen -12.50%. 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).

Support, Risk & Stop-loss for Mepet Metro Petrol ve Tesisleri Sanayi stock

Mepet Metro Petrol ve Tesisleri Sanayi finds support from accumulated volume at TRY 12.86 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 0.540 between high and low, or 4.28%. For the last week, the stock has had daily average volatility of 6.36%.

Our recommended stop-loss: TRY 12.18 (-5.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 43 days ago.)

Trading Expectations (MEPET.IS) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Mepet Metro Petrol ve Tesisleri Sanayi Ticaret A.S. to open at TRY 12.89, and during the day (based on 14 day Average True Range), to move between TRY 11.98 and TRY 13.78, which gives a possible trading interval of +/-TRY 0.90 (+/-6.95%) up or down from last closing price. If Mepet Metro Petrol ve Tesisleri Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 13.90% 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 12.86 (0.16%) than the resistance at TRY 12.91 (0.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mepet Metro Petrol ve Tesisleri Sanayi Ticaret A.S. stock A Buy?

Mepet Metro Petrol ve Tesisleri Sanayi holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.629 Hold/Accumulate Unchanged

Predicted Opening Price for Mepet Metro Petrol ve Tesisleri Sanayi Ticaret A.S. of Friday, May 10, 2024

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