Metro Ticari ve Mali Yatirimlar Holding Stock Forecast

Metro Ticari ve Mali Yatirimlar Holding stock price up 0.643% on Friday
(Updated on May 03, 2024)

METRO.IS Signals & Forecast

Mostly positive signals in the chart today. The Metro Ticari ve Mali Yatirimlar Holding 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 3.02 and TRY 2.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 34.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Metro Ticari ve Mali Yatirimlar Holding stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 2.87 and TRY 2.75. 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, Metro Ticari ve Mali Yatirimlar Holding finds support just below today's level at TRY 2.87. If this is broken, then the next support from accumulated volume will be at TRY 2.75 and TRY 2.71.

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 0.100 between high and low, or 3.28%. For the last week, the stock has had daily average volatility of 5.31%.

The Metro Ticari ve Mali Yatirimlar Holding stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: TRY 3.03 (-3.34%) (This stock has high daily movements and this gives high risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (METRO.IS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Metro Ticari ve Mali Yatirimlar Holding A.S. to open at TRY 3.11, and during the day (based on 14 day Average True Range), to move between TRY 3.01 and TRY 3.25, which gives a possible trading interval of +/-TRY 0.125 (+/-3.98%) up or down from last closing price. If Metro Ticari ve Mali Yatirimlar Holding A.S. takes out the full calculated possible swing range there will be an estimated 7.96% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 2.87, some TRY 0.260 (8.31%) from the current price of TRY 3.13, our system finds the risk reward attractive.

Is Metro Ticari ve Mali Yatirimlar Holding A.S. stock A Buy?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Metro Ticari ve Mali Yatirimlar Holding stock to perform well in the short-term period.

Current score: 3.787 Buy Candidate Unchanged

Predicted Opening Price for Metro Ticari ve Mali Yatirimlar Holding A.S. of Monday, May 6, 2024

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