Obase Bilgisayar ve Danismanlik Stock Forecast

Red day on Friday for Obase Bilgisayar ve Danismanlik stock after losing 2.39%
(Updated on May 10, 2024)

OBASE.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Obase Bilgisayar ve Danismanlik 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 49.13 and TRY 50.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -14.97%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Obase Bilgisayar ve Danismanlik stock

Obase Bilgisayar ve Danismanlik finds support from accumulated volume at TRY 46.30 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 1.98 between high and low, or 4.28%. For the last week, the stock has had daily average volatility of 5.27%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (OBASE.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret A.S. to open at TRY 47.02, and during the day (based on 14 day Average True Range), to move between TRY 43.62 and TRY 49.66, which gives a possible trading interval of +/-TRY 3.02 (+/-6.47%) up or down from last closing price. If Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 12.94% 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 46.30 (0.73%) than the resistance at TRY 52.55 (12.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret A.S. stock A Buy?

Obase Bilgisayar ve Danismanlik 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: -2.574 Sell Candidate Unchanged

Predicted Opening Price for Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret A.S. of Monday, May 13, 2024

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