Metemtur Otelcilik ve Turizm Isletmeleri Stock Forecast

Red day on Friday for Metemtur Otelcilik ve Turizm Isletmeleri
(Updated on May 17, 2024)

METUR.IS Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -15.21%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Metemtur Otelcilik ve Turizm Isletmeleri 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 15.38. On a fall, the stock will find some support from the long-term average at approximately TRY 12.95. 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.

Support, Risk & Stop-loss for Metemtur Otelcilik ve Turizm Isletmeleri stock

Metemtur Otelcilik ve Turizm Isletmeleri finds support from accumulated volume at TRY 15.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 1.07 between high and low, or 7.04%. For the last week, the stock has had daily average volatility of 7.75%.

Our recommended stop-loss: TRY 14.54 (-5.14%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (METUR.IS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Metemtur Otelcilik ve Turizm Isletmeleri A.S. to open at TRY 15.60, and during the day (based on 14 day Average True Range), to move between TRY 14.11 and TRY 16.55, which gives a possible trading interval of +/-TRY 1.22 (+/-7.97%) up or down from last closing price. If Metemtur Otelcilik ve Turizm Isletmeleri A.S. takes out the full calculated possible swing range there will be an estimated 15.94% 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 15.08 (1.63%) than the resistance at TRY 16.75 (9.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Metemtur Otelcilik ve Turizm Isletmeleri A.S. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.561 Buy Candidate Unchanged

Predicted Opening Price for Metemtur Otelcilik ve Turizm Isletmeleri A.S. of Monday, May 20, 2024

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