Odas Elektrik Üretim Sanayi Ticaret Stock Forecast
Odas Elektrik Üretim Sanayi Ticaret stock price up 0.219% on Friday
(Updated on Apr 19, 2024)
The Odas Elektrik Üretim Sanayi Ticaret stock price gained 0.219% on the last trading day (Friday, 19th Apr 2024), rising from TRY 9.13 to TRY 9.15. During the last trading day the stock fluctuated 3.24% from a day low at TRY 8.95 to a day high of TRY 9.24. The price has risen in 6 of the last 10 days and is up by 6.15% over the past 2 weeks. Volume fell on the last day by -88 thousand shares and in total, 50 million shares were bought and sold for approximately TRY 454.25 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 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 -4.94% during the next 3 months and, with a 90% probability hold a price between TRY 7.67 and TRY 9.92 at the end of this 3-month period.
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ODAS.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 Odas Elektrik Üretim Sanayi Ticaret 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 9.18 and TRY 9.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -2.76%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Odas Elektrik Üretim Sanayi Ticaret stock
Odas Elektrik Üretim Sanayi Ticaret finds support from accumulated volume at TRY 9.05 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 0.290 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 4.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ODAS.IS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Odas Elektrik Üretim Sanayi Ticaret A.S. to open at TRY 9.11, and during the day (based on 14 day Average True Range), to move between TRY 8.73 and TRY 9.57, which gives a possible trading interval of +/-TRY 0.415 (+/-4.54%) up or down from last closing price. If Odas Elektrik Üretim Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 9.07% 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 9.05 (1.09%) than the resistance at TRY 9.27 (1.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Odas Elektrik Üretim Sanayi Ticaret A.S. stock A Buy?
Odas Elektrik Üretim Sanayi Ticaret 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: -1.984 Sell Candidate Unchanged
Predicted Opening Price for Odas Elektrik Üretim Sanayi Ticaret A.S. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| TRY 9.11 ( 0.401%) | TRY 9.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ODAS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.40 | 2.77 % | |
| R2 | 9.29 | 1.56 % | ||
| R1 | 9.22 | 0.81 % | ||
| Current price: | 9.15 | |||
| Support | S1 | 9.00 | -1.61 % | |
| S2 | 8.93 | -2.36 % | ||
| S3 | 8.82 | -3.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.99 | 9.18 % | |
| R2 | 9.41 | 2.84 % | ||
| R1 | 9.27 | 1.31 % | ||
| Current price | 9.15 | |||
| Support | S1 | 9.05 | -1.09% | |
| S2 | 8.97 | -1.97% | ||
| S3 | 8.85 | -3.28% |
ODAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2015 | May 29, 2015 | May 29, 2015 | TRY 0.0159 | 0.97% |
FAQ
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