Orma Orman Mahsulleri Integre Sanayi Ve Stock Forecast

Big movements in Orma Orman Mahsulleri Integre Sanayi Ve stock price on Wednesday moving 10.11% between high and low
(Updated on May 29, 2024)

ORMA.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Orma Orman Mahsulleri Integre Sanayi Ve 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 296.64 and TRY 276.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -21.30%. 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 Orma Orman Mahsulleri Integre Sanayi Ve stock

Orma Orman Mahsulleri Integre Sanayi Ve finds support from accumulated volume at TRY 260.00 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 26.50 between high and low, or 10.11%. For the last week, the stock has had daily average volatility of 7.83%.

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

Trading Expectations (ORMA.IS) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect Orma Orman Mahsulleri Integre Sanayi Ve Ticaret A.S. to open at TRY 271.25, and during the day (based on 14 day Average True Range), to move between TRY 244.56 and TRY 281.94, which gives a possible trading interval of +/-TRY 18.69 (+/-7.10%) up or down from last closing price. If Orma Orman Mahsulleri Integre Sanayi Ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 14.20% 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 260.00 (1.23%) than the resistance at TRY 282.00 (7.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Orma Orman Mahsulleri Integre Sanayi Ve Ticaret A.S. stock A Buy?

The Orma Orman Mahsulleri Integre Sanayi Ve stock holds several negative signals and despite the positive trend, we believe Orma Orman Mahsulleri Integre Sanayi Ve will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

Current score: -4.205 Sell Candidate Downgraded

Predicted Opening Price for Orma Orman Mahsulleri Integre Sanayi Ve Ticaret A.S. of Thursday, May 30, 2024

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