PC Iletisim ve Medya Hizmetleri Sanayi Stock Forecast

Stronger technical forecast for PC Iletisim ve Medya Hizmetleri Sanayi stock price after Friday trading.
(Updated on Jun 28, 2024)

PCILT.IS Signals & Forecast

The PC Iletisim ve Medya Hizmetleri Sanayi 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 19.55. On a fall, the stock will find some support from the long-term average at approximately TRY 16.90. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 -5.23%. Further fall is indicated until a new bottom pivot has been found.

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 0.82 between high and low, or 4.43%. For the last week, the stock has had daily average volatility of 6.15%.

Our recommended stop-loss: TRY 18.51 (-3.62%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (PCILT.IS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect PC Iletisim ve Medya Hizmetleri Sanayi Ticaret A.S. to open at TRY 19.02, and during the day (based on 14 day Average True Range), to move between TRY 18.13 and TRY 20.27, which gives a possible trading interval of +/-TRY 1.07 (+/-5.59%) 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 11.19% 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 19.81 (3.18%) than the support at TRY 17.80 (7.29%), 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: 2.350 Buy Candidate Upgraded

Predicted Opening Price for PC Iletisim ve Medya Hizmetleri Sanayi Ticaret A.S. of Monday, July 1, 2024

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