OBA MAKARNACILIK Stock Forecast
OBA MAKARNACILIK stock price ended at TRY 37.90 on Friday, after losing 0.420%.
(Updated on Jun 28, 2024)
The OBA MAKARNACILIK stock price fell by -0.420% on the last day (Friday, 28th Jun 2024) from TRY 38.06 to TRY 37.90. During the last trading day the stock fluctuated 2.24% from a day low at TRY 37.52 to a day high of TRY 38.36. The price has risen in 6 of the last 10 days and is up by 5.34% over the past 2 weeks. Volume has increased on the last day by 266 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately TRY 125.38 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 -20.88% during the next 3 months and, with a 90% probability hold a price between TRY 24.73 and TRY 31.91 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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OBAMS.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 9.47%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The OBA MAKARNACILIK 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 38.34 and TRY 38.31. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for OBA MAKARNACILIK stock
OBA MAKARNACILIK finds support from accumulated volume at TRY 37.72 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 0.84 between high and low, or 2.24%. For the last week, the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OBAMS.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect OBA MAKARNACILIK to open at TRY 37.93, and during the day (based on 14 day Average True Range), to move between TRY 36.38 and TRY 39.42, which gives a possible trading interval of +/-TRY 1.52 (+/-4.00%) up or down from last closing price. If OBA MAKARNACILIK takes out the full calculated possible swing range there will be an estimated 8.00% 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 37.72 (0.47%) than the resistance at TRY 40.94 (8.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is OBA MAKARNACILIK stock A Buy?
OBA MAKARNACILIK 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.
Current score: -2.184 Sell Candidate Unchanged
Predicted Opening Price for OBA MAKARNACILIK of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 37.93 ( 0.0704%) | TRY 37.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OBAMS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.77 | 2.29% |
| R2 | 38.45 | 1.44% |
| R1 | 38.25 | 0.92% |
| Price | 37.90 | |
| S1 | 37.61 | -0.776% |
| S2 | 37.41 | -1.30% |
| S3 | 37.09 | -2.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.92 | 21.16% |
| R2 | 45.40 | 19.79% |
| R1 | 40.94 | 8.02% |
| Price | 37.90 | |
| S1 | 37.72 | -0.475% |
| S2 | 36.88 | -2.69% |
| S3 | 36.82 | -2.85% |
FAQ
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