Orçay Ortaköy Çay Sanayi ve Ticaret Stock Forecast

High volatility in Orçay Ortaköy Çay Sanayi ve Ticaret stock price on Friday which ended trading at TRY 15.62
(Updated on May 24, 2024)

ORCAY.IS Signals & Forecast

Mostly positive signals in the chart today. The Orçay Ortaköy Çay Sanayi ve Ticaret stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 13.45 and TRY 12.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 33.50%. 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). 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.

Support, Risk & Stop-loss for Orçay Ortaköy Çay Sanayi ve Ticaret stock

Orçay Ortaköy Çay Sanayi ve Ticaret finds support from accumulated volume at TRY 15.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 1.65 between high and low, or 11.81%. For the last week, the stock has had daily average volatility of 9.90%.

Our recommended stop-loss: TRY 15.14 (-3.06%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (ORCAY.IS) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Orçay Ortaköy Çay Sanayi ve Ticaret Anonim Sirketi to open at TRY 15.07, and during the day (based on 14 day Average True Range), to move between TRY 14.68 and TRY 16.56, which gives a possible trading interval of +/-TRY 0.94 (+/-6.01%) up or down from last closing price. If Orçay Ortaköy Çay Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 12.03% 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 15.35 (1.73%) than the resistance at TRY 15.97 (2.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Orçay Ortaköy Çay Sanayi ve Ticaret Anonim Sirketi stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.611 Buy Candidate Upgraded

Predicted Opening Price for Orçay Ortaköy Çay Sanayi ve Ticaret Anonim Sirketi of Monday, May 27, 2024

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