Mobiltel Iletisim Hizmetleri Sanayi ve Stock Forecast
Mobiltel Iletisim Hizmetleri Sanayi ve stock downgraded to Strong Sell Candidate
(Updated on Jun 25, 2024)
The Mobiltel Iletisim Hizmetleri Sanayi ve stock price fell by -2.57% on the last day (Tuesday, 25th Jun 2024) from TRY 5.44 to TRY 5.30. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.83% from a day low at TRY 5.30 to a day high of TRY 5.45. The price has fallen in 7 of the last 10 days and is down by -9.09% 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 -9 million shares and in total, 6 million shares were bought and sold for approximately TRY 33.20 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 4.90 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.73% during the next 3 months and, with a 90% probability hold a price between TRY 4.42 and TRY 6.33 at the end of this 3-month period.
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MOBTL.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 Mobiltel Iletisim Hizmetleri Sanayi ve 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 5.59 and TRY 6.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -29.89%. Further fall is indicated until a new bottom pivot has been found. 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 Mobiltel Iletisim Hizmetleri Sanayi ve stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.150 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 3.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MOBTL.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S. to open at TRY 5.35, and during the day (based on 14 day Average True Range), to move between TRY 5.03 and TRY 5.57, which gives a possible trading interval of +/-TRY 0.270 (+/-5.09%) up or down from last closing price. If Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 10.18% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 5.80, some TRY 0.500 (9.43%) from the current price of TRY 5.30, our system finds the risk reward not very attractive.
Is Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S. stock A Buy?
Mobiltel Iletisim Hizmetleri Sanayi ve 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.251 Strong Sell Candidate Downgraded
Predicted Opening Price for Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 5.35 ( 0.94%) | TRY 5.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOBTL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.50 | 3.77% |
| R2 | 5.44 | 2.69% |
| R1 | 5.41 | 2.02% |
| Price | 5.30 | |
| S1 | 5.29 | -0.138% |
| S2 | 5.26 | -0.81% |
| S3 | 5.20 | -1.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.14 | 15.85% |
| R2 | 5.83 | 10.00% |
| R1 | 5.80 | 9.43% |
| Price | 5.30 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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