Matriks Bilgi Dagitim Hizmetleri A.S. Stock Forecast

High volatility in Matriks Bilgi Dagitim Hizmetleri A.S. stock price on Friday which ended trading at TRY 84.00
(Updated on May 17, 2024)

MTRKS.IS Signals & Forecast

The Matriks Bilgi Dagitim Hizmetleri A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 80.26 and TRY 68.21. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Matriks Bilgi Dagitim Hizmetleri A.S. stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 78.80 and TRY 76.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Matriks Bilgi Dagitim Hizmetleri A.S. finds support just below today's level at TRY 78.80. If this is broken, then the next support from accumulated volume will be at TRY 76.10 and TRY 75.25.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 8.40 between high and low, or 10.29%. For the last week, the stock has had daily average volatility of 8.77%.

Our recommended stop-loss: TRY 81.08 (-3.48%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

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

For the upcoming trading day on Monday, 20th we expect Matriks Bilgi Dagitim Hizmetleri A.S. to open at TRY 85.20, and during the day (based on 14 day Average True Range), to move between TRY 78.32 and TRY 89.68, which gives a possible trading interval of +/-TRY 5.68 (+/-6.77%) up or down from last closing price. If Matriks Bilgi Dagitim Hizmetleri A.S. takes out the full calculated possible swing range there will be an estimated 13.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at TRY 84.40 (0.48%) than the support at TRY 78.80 (6.19%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Matriks Bilgi Dagitim Hizmetleri A.S. stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 1.721 Buy Candidate Unchanged

Predicted Opening Price for Matriks Bilgi Dagitim Hizmetleri A.S. of Monday, May 20, 2024

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