Ostim Endüstriyel Yatirimlar ve Isletme Stock Forecast
Ostim Endüstriyel Yatirimlar ve Isletme stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Ostim Endüstriyel Yatirimlar ve Isletme stock price fell by -1.12% on the last day (Friday, 26th Apr 2024) from TRY 6.26 to TRY 6.19. During the last trading day the stock fluctuated 2.78% from a day low at TRY 6.12 to a day high of TRY 6.29. The price has risen in 7 of the last 10 days and is up by 3.34% over the past 2 weeks. Volume has increased on the last day by 946 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, 7 million shares were bought and sold for approximately TRY 43.40 million.
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 -25.87% during the next 3 months and, with a 90% probability hold a price between TRY 3.62 and TRY 5.10 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.
OSTIM.IS Signals & Forecast
There are mixed signals in the stock today. The Ostim Endüstriyel Yatirimlar ve Isletme stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 6.19. On a fall, the stock will find some support from the short-term average at TRY 6.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -1.12%. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ostim Endüstriyel Yatirimlar ve Isletme stock
Ostim Endüstriyel Yatirimlar ve Isletme finds support from accumulated volume at TRY 6.10 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 0.170 between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 4.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OSTIM.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Ostim Endüstriyel Yatirimlar ve Isletme A.S. to open at TRY 6.20, and during the day (based on 14 day Average True Range), to move between TRY 5.91 and TRY 6.47, which gives a possible trading interval of +/-TRY 0.279 (+/-4.51%) up or down from last closing price. If Ostim Endüstriyel Yatirimlar ve Isletme A.S. takes out the full calculated possible swing range there will be an estimated 9.03% 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 6.10 (1.45%) than the resistance at TRY 7.18 (15.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ostim Endüstriyel Yatirimlar ve Isletme A.S. stock A Buy?
Ostim Endüstriyel Yatirimlar ve Isletme holds several negative signals and we believe that 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 Buy to a Sell candidate.
Current score: -2.357 Sell Candidate Downgraded
Predicted Opening Price for Ostim Endüstriyel Yatirimlar ve Isletme A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 6.20 ( 0.162%) | TRY 6.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OSTIM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.37 | 2.91 % | |
| R2 | 6.31 | 1.86 % | ||
| R1 | 6.26 | 1.21 % | ||
| Current price: | 6.19 | |||
| Support | S1 | 6.14 | -0.89 % | |
| S2 | 6.09 | -1.54 % | ||
| S3 | 6.03 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.49 | 21.00 % | |
| R2 | 7.23 | 16.80 % | ||
| R1 | 7.18 | 15.99 % | ||
| Current price | 6.19 | |||
| Support | S1 | 6.10 | -1.45% | |
| S2 | 6.08 | -1.78% | ||
| S3 | 5.79 | -6.46% |
FAQ
Click here for our free guide on how to buy Ostim Endüstriyel Yatirimlar ve Isletme A.S. Stock.
