Netas Telekomünikasyon A.S. Stock Forecast
Red day on Tuesday for Netas Telekomünikasyon A.S.
(Updated on Jun 25, 2024)
The Netas Telekomünikasyon A.S. stock price fell by -0.776% on the last day (Tuesday, 25th Jun 2024) from TRY 70.85 to TRY 70.30. During the last trading day the stock fluctuated 2.51% from a day low at TRY 69.75 to a day high of TRY 71.50. The price has risen in 6 of the last 10 days but is still down by -3.17% 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 -150 thousand shares and in total, 347 thousand shares were bought and sold for approximately TRY 24.37 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 67.40 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.81% during the next 3 months and, with a 90% probability hold a price between TRY 59.44 and TRY 84.40 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NETAS.IS Signals & Forecast
There are mixed signals in the stock today. The Netas Telekomünikasyon A.S. 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 72.16 and TRY 82.04. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Netas Telekomünikasyon A.S. stock
Netas Telekomünikasyon A.S. finds support from accumulated volume at TRY 70.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 1.75 between high and low, or 2.51%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NETAS.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Netas Telekomünikasyon A.S. to open at TRY 70.52, and during the day (based on 14 day Average True Range), to move between TRY 66.43 and TRY 74.17, which gives a possible trading interval of +/-TRY 3.87 (+/-5.51%) up or down from last closing price. If Netas Telekomünikasyon A.S. takes out the full calculated possible swing range there will be an estimated 11.02% 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 70.05 (0.36%) than the resistance at TRY 81.40 (15.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Netas Telekomünikasyon A.S. stock A Buy?
Netas Telekomünikasyon 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: -3.363 Sell Candidate Unchanged
Predicted Opening Price for Netas Telekomünikasyon A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 70.52 ( 0.308%) | TRY 70.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NETAS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 72.27 | 2.80% |
| R2 | 71.60 | 1.85% |
| R1 | 71.19 | 1.26% |
| Price | 70.30 | |
| S1 | 69.85 | -0.643% |
| S2 | 69.44 | -1.23% |
| S3 | 68.77 | -2.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 87.15 | 23.97% |
| R2 | 83.45 | 18.71% |
| R1 | 81.40 | 15.79% |
| Price | 70.30 | |
| S1 | 70.05 | -0.356% |
| S2 | 69.95 | -0.498% |
| S3 | 69.80 | -0.711% |
FAQ
Click here for our free guide on how to buy Netas Telekomünikasyon A.S. Stock.
