Papilon Savunma Teknoloji ve Ticaret Stock Forecast
Strong day for Papilon Savunma Teknoloji ve Ticaret stock price on Thursday rising 8.86% to TRY 141.30
(Updated on May 16, 2024)
The Papilon Savunma Teknoloji ve Ticaret stock price gained 8.86% on the last trading day (Thursday, 16th May 2024), rising from TRY 129.80 to TRY 141.30. During the last trading day the stock fluctuated 7.59% from a day low at TRY 133.10 to a day high of TRY 143.20. The price has fallen in 7 of the last 10 days and is down by -0.14% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 72 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately TRY 196.77 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Papilon Savunma Teknoloji ve Ticaret stock with a 90% probability to be traded between TRY 124.30 and TRY 166.06 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PAPIL.IS Signals & Forecast
The Papilon Savunma Teknoloji ve Ticaret stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 131.47 and TRY 139.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 14.78%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Papilon Savunma Teknoloji ve Ticaret stock
Papilon Savunma Teknoloji ve Ticaret finds support from accumulated volume at TRY 140.00 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 10.10 between high and low, or 7.59%. For the last week, the stock has had daily average volatility of 8.06%.
Our recommended stop-loss: TRY 135.37 (-4.20%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (PAPIL.IS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Papilon Savunma Teknoloji ve Ticaret A.S. to open at TRY 139.20, and during the day (based on 14 day Average True Range), to move between TRY 130.58 and TRY 152.02, which gives a possible trading interval of +/-TRY 10.72 (+/-7.58%) up or down from last closing price. If Papilon Savunma Teknoloji ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 15.17% 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 140.00 (0.92%) than the resistance at TRY 146.50 (3.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Papilon Savunma Teknoloji ve Ticaret A.S. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Papilon Savunma Teknoloji ve Ticaret stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.962 Buy Candidate Upgraded
Predicted Opening Price for Papilon Savunma Teknoloji ve Ticaret A.S. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| TRY 139.20 ( 1.49%) | TRY 141.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAPIL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 149.30 | 5.66 % | |
| R2 | 145.44 | 2.93 % | ||
| R1 | 143.06 | 1.24 % | ||
| Current price: | 141.30 | |||
| Support | S1 | 135.34 | -4.22 % | |
| S2 | 132.96 | -5.90 % | ||
| S3 | 129.10 | -8.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 155.00 | 9.70 % | |
| R2 | 152.50 | 7.93 % | ||
| R1 | 146.50 | 3.68 % | ||
| Current price | 141.30 | |||
| Support | S1 | 140.00 | -0.92% | |
| S2 | 137.40 | -2.76% | ||
| S3 | 122.40 | -13.38% |
FAQ
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