Pasifik Eurasia Lojistik Dis Ticaret Stock Forecast
Pasifik Eurasia Lojistik Dis Ticaret stock price took a fall of -6.33% on Monday
(Updated on May 13, 2024)
The Pasifik Eurasia Lojistik Dis Ticaret stock price fell by -6.33% on the last day (Monday, 13th May 2024) from TRY 67.15 to TRY 62.90. During the last trading day the stock fluctuated 8.82% from a day low at TRY 62.90 to a day high of TRY 68.45. The price has fallen in 6 of the last 10 days and is down by -7.84% for this period. Volume has increased on the last day by 204 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 141.31 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 -9.52% during the next 3 months and, with a 90% probability hold a price between TRY 43.45 and TRY 60.65 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.
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PASEU.IS Signals & Forecast
The Pasifik Eurasia Lojistik Dis Ticaret 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 66.27. On a fall, the stock will find some support from the long-term average at approximately TRY 60.65. 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. 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 Friday, April 26, 2024, and so far it has fallen -7.84%. 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 Pasifik Eurasia Lojistik Dis Ticaret stock
Pasifik Eurasia Lojistik Dis Ticaret finds support from accumulated volume at TRY 62.85 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 5.55 between high and low, or 8.82%. For the last week, the stock has had daily average volatility of 5.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PASEU.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Pasifik Eurasia Lojistik Dis Ticaret A.S. to open at TRY 64.75, and during the day (based on 14 day Average True Range), to move between TRY 58.83 and TRY 66.97, which gives a possible trading interval of +/-TRY 4.07 (+/-6.46%) up or down from last closing price. If Pasifik Eurasia Lojistik Dis Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 12.93% 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 62.85 (0.08%) than the resistance at TRY 71.40 (13.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pasifik Eurasia Lojistik Dis Ticaret A.S. stock A Buy?
Pasifik Eurasia Lojistik Dis Ticaret holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.704 Sell Candidate Downgraded
Predicted Opening Price for Pasifik Eurasia Lojistik Dis Ticaret A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 64.75 ( 2.94%) | TRY 62.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PASEU.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.30 | 11.76 % | |
| R2 | 68.18 | 8.39 % | ||
| R1 | 66.87 | 6.31 % | ||
| Current price: | 62.90 | |||
| Support | S1 | 62.63 | -0.429 % | |
| S2 | 61.32 | -2.51 % | ||
| S3 | 59.20 | -5.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.70 | 21.94 % | |
| R2 | 73.80 | 17.33 % | ||
| R1 | 71.40 | 13.51 % | ||
| Current price | 62.90 | |||
| Support | S1 | 62.85 | -0.0795% | |
| S2 | 62.00 | -1.43% | ||
| S3 | 61.50 | -2.23% |
FAQ
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