Osmanli Yatirim Menkul Degerler A.S. Stock Forecast
High volatility in Osmanli Yatirim Menkul Degerler A.S. stock price on Friday which ended trading at TRY 351.25
(Updated on May 10, 2024)
The Osmanli Yatirim Menkul Degerler A.S. stock price fell by -0.566% on the last day (Friday, 10th May 2024) from TRY 353.25 to TRY 351.25. During the last trading day the stock fluctuated 13.60% from a day low at TRY 342.00 to a day high of TRY 388.50. The price has risen in 7 of the last 10 days and is up by 67.74% over the past 2 weeks. Volume has increased on the last day by 937 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, 2 million shares were bought and sold for approximately TRY 527.56 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 353.84 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.93% during the next 3 months and, with a 90% probability hold a price between TRY 224.42 and TRY 392.51 at the end of this 3-month period.
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OSMEN.IS Signals & Forecast
The Osmanli Yatirim Menkul Degerler A.S. 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 328.93 and TRY 233.23. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.566%. Further fall is indicated until a new bottom pivot has been found. 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 Osmanli Yatirim Menkul Degerler A.S. stock
Osmanli Yatirim Menkul Degerler A.S. finds support from accumulated volume at TRY 341.75 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 46.50 between high and low, or 13.60%. For the last week, the stock has had daily average volatility of 12.51%.
The Osmanli Yatirim Menkul Degerler A.S. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: TRY 342.63 (-2.46%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 88 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (OSMEN.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Osmanli Yatirim Menkul Degerler A.S. to open at TRY 360.58, and during the day (based on 14 day Average True Range), to move between TRY 328.62 and TRY 373.88, which gives a possible trading interval of +/-TRY 22.63 (+/-6.44%) up or down from last closing price. If Osmanli Yatirim Menkul Degerler A.S. takes out the full calculated possible swing range there will be an estimated 12.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 353.25 (0.57%) than the support at TRY 341.75 (2.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Osmanli Yatirim Menkul Degerler A.S. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Osmanli Yatirim Menkul Degerler A.S. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.210 Buy Candidate Downgraded
Predicted Opening Price for Osmanli Yatirim Menkul Degerler A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 360.58 ( 2.66%) | TRY 351.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OSMEN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 407.08 | 15.90 % | |
| R2 | 389.32 | 10.84 % | ||
| R1 | 378.35 | 7.71 % | ||
| Current price: | 351.25 | |||
| Support | S1 | 342.82 | -2.40 % | |
| S2 | 331.85 | -5.52 % | ||
| S3 | 314.08 | -10.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 353.25 | 0.569 % | ||
| Current price | 351.25 | |||
| Support | S1 | 341.75 | -2.70% | |
| S2 | 321.25 | -8.54% | ||
| S3 | 310.75 | -11.53% |
FAQ
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