Pinar Entegre Et ve Un Sanayii A.S. Stock Forecast
Pinar Entegre Et ve Un Sanayii A.S. stock upgraded to Strong Buy Candidate.
(Updated on Apr 25, 2024)
The Pinar Entegre Et ve Un Sanayii A.S. stock price gained 3.21% on the last trading day (Thursday, 25th Apr 2024), rising from TRY 87.25 to TRY 90.05. During the last trading day the stock fluctuated 3.13% from a day low at TRY 87.75 to a day high of TRY 90.50. The price has risen in 7 of the last 10 days and is up by 9.82% over the past 2 weeks. Volume fell on the last day by -131 thousand shares and in total, 374 thousand shares were bought and sold for approximately TRY 33.69 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.54% during the next 3 months and, with a 90% probability hold a price between TRY 89.56 and TRY 113.90 at the end of this 3-month period.
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PETUN.IS Signals & Forecast
Mostly positive signals in the chart today. The Pinar Entegre Et ve Un Sanayii A.S. 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 89.46 and TRY 87.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 12.63%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Pinar Entegre Et ve Un Sanayii A.S. stock
Pinar Entegre Et ve Un Sanayii A.S. finds support from accumulated volume at TRY 89.00 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 2.75 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 3.77%.
Our recommended stop-loss: TRY 87.11 (-3.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (PETUN.IS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Pinar Entegre Et ve Un Sanayii A.S. to open at TRY 89.43, and during the day (based on 14 day Average True Range), to move between TRY 86.32 and TRY 93.78, which gives a possible trading interval of +/-TRY 3.73 (+/-4.14%) up or down from last closing price. If Pinar Entegre Et ve Un Sanayii A.S. takes out the full calculated possible swing range there will be an estimated 8.28% 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 89.00 (1.17%) than the resistance at TRY 91.80 (1.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pinar Entegre Et ve Un Sanayii A.S. stock A Buy?
Pinar Entegre Et ve Un Sanayii A.S. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 6.782 Strong Buy Candidate Upgraded
Predicted Opening Price for Pinar Entegre Et ve Un Sanayii A.S. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| TRY 89.43 ( 0.685%) | TRY 90.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PETUN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 92.18 | 2.37 % | |
| R2 | 91.13 | 1.20 % | ||
| R1 | 90.48 | 0.482 % | ||
| Current price: | 90.05 | |||
| Support | S1 | 88.38 | -1.85 % | |
| S2 | 87.73 | -2.57 % | ||
| S3 | 86.68 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.50 | 6.05 % | |
| R2 | 93.00 | 3.28 % | ||
| R1 | 91.80 | 1.94 % | ||
| Current price | 90.05 | |||
| Support | S1 | 89.00 | -1.17% | |
| S2 | 83.35 | -7.44% | ||
| S3 | 79.65 | -11.55% |
FAQ
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