Milpa Ticari ve Sinai Ürünler Stock Forecast
Red day on Friday for Milpa Ticari ve Sinai Ürünler
(Updated on May 10, 2024)
The Milpa Ticari ve Sinai Ürünler stock price fell by -1.06% on the last day (Friday, 10th May 2024) from TRY 85.00 to TRY 84.10. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.03% from a day low at TRY 83.50 to a day high of TRY 87.70. The price has fallen in 8 of the last 10 days and is down by -13.57% for this period. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 473 thousand shares were bought and sold for approximately TRY 39.78 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.85% during the next 3 months and, with a 90% probability hold a price between TRY 69.19 and TRY 96.86 at the end of this 3-month period.
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MIPAZ.IS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Milpa Ticari ve Sinai Ürünler 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 87.73 and TRY 89.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -13.57%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Milpa Ticari ve Sinai Ürünler stock
Milpa Ticari ve Sinai Ürünler finds support from accumulated volume at TRY 83.00 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 4.20 between high and low, or 5.03%. For the last week, the stock has had daily average volatility of 5.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MIPAZ.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Milpa Ticari ve Sinai Ürünler Pazarlama Sanayi ve Ticaret A.S. to open at TRY 85.10, and during the day (based on 14 day Average True Range), to move between TRY 78.70 and TRY 89.50, which gives a possible trading interval of +/-TRY 5.40 (+/-6.43%) up or down from last closing price. If Milpa Ticari ve Sinai Ürünler Pazarlama Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 12.85% 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 83.00 (1.31%) than the resistance at TRY 89.80 (6.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Milpa Ticari ve Sinai Ürünler Pazarlama Sanayi ve Ticaret A.S. stock A Buy?
Milpa Ticari ve Sinai Ürünler 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: -2.683 Sell Candidate Unchanged
Predicted Opening Price for Milpa Ticari ve Sinai Ürünler Pazarlama Sanayi ve Ticaret A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 85.10 ( 1.19%) | TRY 84.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIPAZ.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.30 | 6.18 % | |
| R2 | 87.70 | 4.28 % | ||
| R1 | 86.70 | 3.10 % | ||
| Current price: | 84.10 | |||
| Support | S1 | 83.50 | -0.719 % | |
| S2 | 82.50 | -1.90 % | ||
| S3 | 80.90 | -3.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 92.50 | 9.99 % | |
| R2 | 90.30 | 7.37 % | ||
| R1 | 89.80 | 6.78 % | ||
| Current price | 84.10 | |||
| Support | S1 | 83.00 | -1.31% | |
| S2 | 82.90 | -1.43% | ||
| S3 | 82.30 | -2.14% |
FAQ
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