Marshall Boya Ve Vernik Sanayii A.S. Stock Forecast
High volatility in Marshall Boya Ve Vernik Sanayii A.S. stock price on Friday which ended trading at TRY 2,257.00
(Updated on May 10, 2024)
The Marshall Boya Ve Vernik Sanayii A.S. stock price gained 2.08% on the last trading day (Friday, 10th May 2024), rising from TRY 2,211.00 to TRY 2,257.00. During the last trading day the stock fluctuated 11.90% from a day low at TRY 2,100.00 to a day high of TRY 2,350.00. The price has been going up and down for this period, and there has been a 5.32% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 72 thousand shares were bought and sold for approximately TRY 161.99 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 -13.11% during the next 3 months and, with a 90% probability hold a price between TRY 1,644.76 and TRY 2,231.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MRSHL.IS Signals & Forecast
The Marshall Boya Ve Vernik Sanayii A.S. 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 2,367.43. On a fall, the stock will find some support from the long-term average at approximately TRY 2,218.31. 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. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -13.03%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Marshall Boya Ve Vernik Sanayii A.S. stock
Marshall Boya Ve Vernik Sanayii A.S. finds support from accumulated volume at TRY 2,228.00 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 250.00 between high and low, or 11.90%. For the last week, the stock has had daily average volatility of 7.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MRSHL.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Marshall Boya Ve Vernik Sanayii A.S. to open at TRY 2,235.67, and during the day (based on 14 day Average True Range), to move between TRY 2,105.54 and TRY 2,408.46, which gives a possible trading interval of +/-TRY 151.46 (+/-6.71%) up or down from last closing price. If Marshall Boya Ve Vernik Sanayii A.S. takes out the full calculated possible swing range there will be an estimated 13.42% 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 2,228.00 (1.28%) than the resistance at TRY 2,446.00 (8.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marshall Boya Ve Vernik Sanayii A.S. stock A Buy?
Marshall Boya Ve Vernik Sanayii A.S. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.768 Sell Candidate Unchanged
Predicted Opening Price for Marshall Boya Ve Vernik Sanayii A.S. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
TRY 2,235.67 ( 0.95%) | TRY 2,257.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRSHL.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,485.67 | 10.13 % | |
R2 | 2,390.17 | 5.90 % | ||
R1 | 2,331.17 | 3.29 % | ||
Current price: | 2,257.00 | |||
Support | S1 | 2,140.17 | -5.18 % | |
S2 | 2,081.17 | -7.79 % | ||
S3 | 1,985.67 | -12.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,487.00 | 10.19 % | |
R2 | 2,484.00 | 10.06 % | ||
R1 | 2,446.00 | 8.37 % | ||
Current price | 2,257.00 | |||
Support | S1 | 2,228.00 | -1.28% | |
S2 | 2,126.00 | -5.80% | ||
S3 | 2,106.00 | -6.69% |
FAQ
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