Nuh Çimento Sanayi A.S. Stock Forecast
Nuh Çimento Sanayi A.S. stock price up 0.525% on Friday
(Updated on May 10, 2024)
The Nuh Çimento Sanayi A.S. stock price gained 0.525% on the last trading day (Friday, 10th May 2024), rising from TRY 285.50 to TRY 287.00. During the last trading day the stock fluctuated 2.28% from a day low at TRY 285.00 to a day high of TRY 291.50. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 154 thousand shares were bought and sold for approximately TRY 44.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -10.19% during the next 3 months and, with a 90% probability hold a price between TRY 236.56 and TRY 274.79 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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NUHCM.IS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nuh Çimento Sanayi A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 297.07 and TRY 290.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -7.27%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Nuh Çimento Sanayi A.S. stock
Nuh Çimento Sanayi A.S. finds support from accumulated volume at TRY 285.50 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 6.50 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUHCM.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Nuh Çimento Sanayi A.S. to open at TRY 287.83, and during the day (based on 14 day Average True Range), to move between TRY 275.42 and TRY 298.58, which gives a possible trading interval of +/-TRY 11.58 (+/-4.04%) up or down from last closing price. If Nuh Çimento Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 8.07% 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 285.50 (0.52%) than the resistance at TRY 299.75 (4.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nuh Çimento Sanayi A.S. stock A Buy?
Nuh Çimento Sanayi A.S. holds several negative signals and is within a 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: -4.859 Sell Candidate Unchanged
Predicted Opening Price for Nuh Çimento Sanayi A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 287.83 ( 0.290%) | TRY 287.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUHCM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 294.33 | 2.56 % | |
| R2 | 291.85 | 1.69 % | ||
| R1 | 290.32 | 1.16 % | ||
| Current price: | 287.00 | |||
| Support | S1 | 285.35 | -0.575 % | |
| S2 | 283.82 | -1.11 % | ||
| S3 | 281.33 | -1.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 337.00 | 17.42 % | |
| R2 | 300.00 | 4.53 % | ||
| R1 | 299.75 | 4.44 % | ||
| Current price | 287.00 | |||
| Support | S1 | 285.50 | -0.523% | |
| S2 | 284.00 | -1.05% | ||
| S3 | 281.25 | -2.00% |
NUHCM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Feb 27, 2024 | Feb 29, 2024 | TRY 6.00 | 1.82% |
| 2 | Dec 05, 2023 | Dec 05, 2023 | Dec 05, 2023 | TRY 1.00 | 0.284% |
| 3 | Mar 10, 2023 | Mar 10, 2023 | Mar 10, 2023 | TRY 39.35 | 25.80% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | TRY 4.60 | 2.69% |
| 5 | Mar 28, 2022 | Mar 28, 2022 | Mar 28, 2022 | TRY 2.15 | 4.58% |
FAQ
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