PC Iletisim ve Medya Hizmetleri Sanayi Stock Forecast
Stronger technical forecast for PC Iletisim ve Medya Hizmetleri Sanayi stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The PC Iletisim ve Medya Hizmetleri Sanayi stock price fell by -1.28% on the last day (Tuesday, 25th Jun 2024) from TRY 20.26 to TRY 20.00. During the last trading day the stock fluctuated 3.44% from a day low at TRY 19.74 to a day high of TRY 20.42. The price has risen in 6 of the last 10 days and is up by 16.89% 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 -2 million shares and in total, 2 million shares were bought and sold for approximately TRY 38.86 million.
The stock lies in the upper part of a wide and strong rising 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 20.39 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 58.31% during the next 3 months and, with a 90% probability hold a price between TRY 26.82 and TRY 32.28 at the end of this 3-month period.
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PCILT.IS Signals & Forecast
The PC Iletisim ve Medya Hizmetleri Sanayi stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 19.38 and TRY 16.46. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.28%. Further fall is indicated until a new bottom pivot has been found. 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 PC Iletisim ve Medya Hizmetleri Sanayi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 17.80 and TRY 17.57. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PC Iletisim ve Medya Hizmetleri Sanayi finds support just below today's level at TRY 17.80. If this is broken, then the next support from accumulated volume will be at TRY 17.57 and TRY 16.05.
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 0.680 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 5.39%.
The PC Iletisim ve Medya Hizmetleri Sanayi stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: TRY 19.27 (-3.64%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (PCILT.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect PC Iletisim ve Medya Hizmetleri Sanayi Ticaret A.S. to open at TRY 20.05, and during the day (based on 14 day Average True Range), to move between TRY 18.99 and TRY 21.01, which gives a possible trading interval of +/-TRY 1.01 (+/-5.05%) up or down from last closing price. If PC Iletisim ve Medya Hizmetleri Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 10.09% 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 20.26 (1.30%) than the support at TRY 17.80 (11.00%), 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 PC Iletisim ve Medya Hizmetleri Sanayi Ticaret A.S. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PC Iletisim ve Medya Hizmetleri Sanayi stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.412 Buy Candidate Upgraded
Predicted Opening Price for PC Iletisim ve Medya Hizmetleri Sanayi Ticaret A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 20.05 ( 0.267%) | TRY 20.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PCILT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.73 | 3.67% |
| R2 | 20.47 | 2.37% |
| R1 | 20.31 | 1.57% |
| Price | 20.00 | |
| S1 | 19.79 | -1.03% |
| S2 | 19.63 | -1.83% |
| S3 | 19.37 | -3.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 20.26 | 1.30% |
| Price | 20.00 | |
| S1 | 17.80 | -11.00% |
| S2 | 17.57 | -12.15% |
| S3 | 16.05 | -19.75% |
FAQ
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