MIA Teknoloji Anonim Sirketi Stock Forecast
MIA Teknoloji Anonim Sirketi stock price ended at TRY 56.45 on Friday, after losing 1.31%.
(Updated on May 10, 2024)
The MIA Teknoloji Anonim Sirketi stock price fell by -1.31% on the last day (Friday, 10th May 2024) from TRY 57.20 to TRY 56.45. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.34% from a day low at TRY 55.45 to a day high of TRY 57.30. The price has fallen in 7 of the last 10 days and is down by -7.61% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 9 million shares were bought and sold for approximately TRY 492.88 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 54.94 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.66% during the next 3 months and, with a 90% probability hold a price between TRY 47.99 and TRY 63.74 at the end of this 3-month period.
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MIATK.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.445%. 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 MIA Teknoloji Anonim Sirketi 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 58.44 and TRY 62.94. 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 MIA Teknoloji Anonim Sirketi stock
MIA Teknoloji Anonim Sirketi finds support from accumulated volume at TRY 55.35 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 1.85 between high and low, or 3.34%. For the last week, the stock has had daily average volatility of 4.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MIATK.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect MIA Teknoloji Anonim Sirketi to open at TRY 56.40, and during the day (based on 14 day Average True Range), to move between TRY 52.85 and TRY 60.05, which gives a possible trading interval of +/-TRY 3.60 (+/-6.37%) up or down from last closing price. If MIA Teknoloji Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 12.74% 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 55.35 (1.95%) than the resistance at TRY 68.85 (21.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MIA Teknoloji Anonim Sirketi stock A Buy?
MIA Teknoloji Anonim Sirketi 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.
Current score: -1.256 Sell Candidate Unchanged
Predicted Opening Price for MIA Teknoloji Anonim Sirketi of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 56.40 ( 0.0886%) | TRY 56.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIATK.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.25 | 3.19 % | |
| R2 | 57.54 | 1.94 % | ||
| R1 | 57.11 | 1.16 % | ||
| Current price: | 56.45 | |||
| Support | S1 | 55.69 | -1.34 % | |
| S2 | 55.26 | -2.11 % | ||
| S3 | 54.55 | -3.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.15 | 24.27 % | |
| R2 | 70.10 | 24.18 % | ||
| R1 | 68.85 | 21.97 % | ||
| Current price | 56.45 | |||
| Support | S1 | 55.35 | -1.95% | |
| S2 | 55.00 | -2.57% | ||
| S3 | 54.00 | -4.34% |
FAQ
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