Pamukova Yenilenebilir Elektrik Uretim Stock Forecast

Red day on Monday for Pamukova Yenilenebilir Elektrik Uretim stock after losing 0.95%
(Updated on May 20, 2024)

PAMEL.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Pamukova Yenilenebilir Elektrik Uretim 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 139.11 and TRY 136.74. 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 10, 2024, and so far it has fallen -10.13%. 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 Pamukova Yenilenebilir Elektrik Uretim stock

Pamukova Yenilenebilir Elektrik Uretim finds support from accumulated volume at TRY 134.50 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 2.50 between high and low, or 1.85%. For the last week, the stock has had daily average volatility of 2.65%.

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

Trading Expectations (PAMEL.IS) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Pamukova Yenilenebilir Elektrik Uretim A.S. to open at TRY 136.07, and during the day (based on 14 day Average True Range), to move between TRY 129.73 and TRY 141.67, which gives a possible trading interval of +/-TRY 5.97 (+/-4.40%) 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 8.81% 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 136.90 (0.88%) than the support at TRY 134.50 (0.88%), 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 Pamukova Yenilenebilir Elektrik Uretim A.S. stock A Buy?

Pamukova Yenilenebilir Elektrik Uretim holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.511 Sell Candidate Unchanged

Predicted Opening Price for Pamukova Yenilenebilir Elektrik Uretim A.S. of Tuesday, May 21, 2024

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