Pamukova Yenilenebilir Elektrik Uretim Stock Forecast
Red day on Thursday for Pamukova Yenilenebilir Elektrik Uretim stock after losing 2.28%
(Updated on May 09, 2024)
The Pamukova Yenilenebilir Elektrik Uretim stock price fell by -2.28% on the last day (Thursday, 9th May 2024) from TRY 145.00 to TRY 141.70. During the last trading day the stock fluctuated 3.20% from a day low at TRY 140.50 to a day high of TRY 145.00. The price has risen in 8 of the last 10 days and is up by 5.67% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -88 thousand shares and in total, 239 thousand shares were bought and sold for approximately TRY 33.89 million.
The stock lies the upper part of a wide and falling 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 145.35 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.94% during the next 3 months and, with a 90% probability hold a price between TRY 100.67 and TRY 125.09 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.
PAMEL.IS Signals & Forecast
The Pamukova Yenilenebilir Elektrik Uretim stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 141.89. On a fall, the stock will find some support from the long-term average at approximately TRY 135.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 12.91%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Pamukova Yenilenebilir Elektrik Uretim stock
Pamukova Yenilenebilir Elektrik Uretim finds support from accumulated volume at TRY 137.00 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 4.50 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: TRY 133.99 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (PAMEL.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Pamukova Yenilenebilir Elektrik Uretim A.S. to open at TRY 142.40, and during the day (based on 14 day Average True Range), to move between TRY 135.85 and TRY 147.55, which gives a possible trading interval of +/-TRY 5.85 (+/-4.13%) up or down from last closing price. If Pamukova Yenilenebilir Elektrik Uretim A.S. takes out the full calculated possible swing range there will be an estimated 8.25% 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 137.00 (3.32%) than the resistance at TRY 160.00 (12.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pamukova Yenilenebilir Elektrik Uretim A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.660 Buy Candidate Unchanged
Predicted Opening Price for Pamukova Yenilenebilir Elektrik Uretim A.S. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 142.40 ( 0.494%) | TRY 141.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAMEL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.90 | 3.67 % | |
| R2 | 145.18 | 2.46 % | ||
| R1 | 144.12 | 1.71 % | ||
| Current price: | 141.70 | |||
| Support | S1 | 140.68 | -0.719 % | |
| S2 | 139.62 | -1.47 % | ||
| S3 | 137.90 | -2.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 168.90 | 19.20 % | |
| R2 | 166.00 | 17.15 % | ||
| R1 | 160.00 | 12.91 % | ||
| Current price | 141.70 | |||
| Support | S1 | 137.00 | -3.32% | |
| S2 | 135.90 | -4.09% | ||
| S3 | 134.00 | -5.43% |
FAQ
Click here for our free guide on how to buy Pamukova Yenilenebilir Elektrik Uretim A.S. Stock.
