Oncosem Onkolojik Sistemler Sanayi Ve Stock Forecast
Evaluation of Oncosem Onkolojik Sistemler Sanayi Ve stock downgraded after the last trading session.
(Updated on Jun 14, 2024)
The Oncosem Onkolojik Sistemler Sanayi Ve stock price fell by -2.86% on the last day (Friday, 14th Jun 2024) from TRY 140.00 to TRY 136.00. During the last trading day the stock fluctuated 4.20% from a day low at TRY 135.70 to a day high of TRY 141.40. The price has fallen in 6 of the last 10 days and is down by -6.46% for this period. Volume has increased on the last day by 225 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, 517 thousand shares were bought and sold for approximately TRY 70.33 million.
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 -26.41% during the next 3 months and, with a 90% probability hold a price between TRY 94.83 and TRY 115.72 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ONCSM.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Oncosem Onkolojik Sistemler Sanayi Ve 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 138.76 and TRY 161.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -25.93%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Oncosem Onkolojik Sistemler Sanayi Ve stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 5.70 between high and low, or 4.20%. For the last week, the stock has had daily average volatility of 5.87%.
Oncosem Onkolojik Sistemler Sanayi Ve is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ONCSM.IS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Oncosem Onkolojik Sistemler Sanayi Ve Ticaret Anonim Sirketi to open at TRY 137.70, and during the day (based on 14 day Average True Range), to move between TRY 128.41 and TRY 143.59, which gives a possible trading interval of +/-TRY 7.59 (+/-5.58%) up or down from last closing price. If Oncosem Onkolojik Sistemler Sanayi Ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.16% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 137.70, some TRY 1.70 (1.25%) from the current price of TRY 136.00, our system finds the risk reward not very attractive.
Is Oncosem Onkolojik Sistemler Sanayi Ve Ticaret Anonim Sirketi stock A Buy?
Oncosem Onkolojik Sistemler Sanayi Ve 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.155 Strong Sell Candidate Downgraded
Predicted Opening Price for Oncosem Onkolojik Sistemler Sanayi Ve Ticaret Anonim Sirketi of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| TRY 137.70 ( 1.25%) | TRY 136.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ONCSM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 143.40 | 5.44% |
| R2 | 141.22 | 3.84% |
| R1 | 139.88 | 2.85% |
| Price | 136.00 | |
| S1 | 135.52 | -0.351% |
| S2 | 134.18 | -1.34% |
| S3 | 132.00 | -2.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 166.50 | 22.43% |
| R2 | 143.10 | 5.22% |
| R1 | 137.70 | 1.25% |
| Price | 136.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Oncosem Onkolojik Sistemler Sanayi Ve Ticaret Anonim Sirketi Stock.
