Pinar Su ve Icecek Sanayi ve Ticaret Stock Forecast
Pinar Su ve Icecek Sanayi ve Ticaret stock price down 1.85% on Monday
(Updated on May 13, 2024)
The Pinar Su ve Icecek Sanayi ve Ticaret stock price fell by -1.85% on the last day (Monday, 13th May 2024) from TRY 23.74 to TRY 23.30. During the last trading day the stock fluctuated 3.22% from a day low at TRY 22.96 to a day high of TRY 23.70. The price has risen in 6 of the last 10 days and is up by 0.6% over the past 2 weeks. Volume has increased on the last day by 104 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, 1 million shares were bought and sold for approximately TRY 27.87 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 22.30 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.30% during the next 3 months and, with a 90% probability hold a price between TRY 26.82 and TRY 33.19 at the end of this 3-month period.
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PINSU.IS Signals & Forecast
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. The Pinar Su ve Icecek Sanayi ve Ticaret stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 23.92 and TRY 23.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -7.17%. Further fall is indicated until a new bottom pivot has been found. 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 Pinar Su ve Icecek Sanayi ve Ticaret stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 21.80 and TRY 20.24. 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, Pinar Su ve Icecek Sanayi ve Ticaret finds support just below today's level at TRY 21.80. If this is broken, then the next support from accumulated volume will be at TRY 20.24 and TRY 20.20.
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 0.740 between high and low, or 3.22%. For the last week, the stock has had daily average volatility of 7.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PINSU.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Pinar Su ve Icecek Sanayi ve Ticaret A.S. to open at TRY 23.32, and during the day (based on 14 day Average True Range), to move between TRY 22.16 and TRY 24.44, which gives a possible trading interval of +/-TRY 1.14 (+/-4.89%) up or down from last closing price. If Pinar Su ve Icecek Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 9.78% 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 23.50 (0.86%) than the support at TRY 21.80 (6.44%), 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 Pinar Su ve Icecek Sanayi ve Ticaret A.S. stock A Buy?
The Pinar Su ve Icecek Sanayi ve Ticaret stock holds several negative signals and despite the positive trend, we believe Pinar Su ve Icecek Sanayi ve Ticaret will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.376 Sell Candidate Unchanged
Predicted Opening Price for Pinar Su ve Icecek Sanayi ve Ticaret A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 23.32 ( 0.0858%) | TRY 23.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PINSU.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.06 | 3.26 % | |
| R2 | 23.78 | 2.05 % | ||
| R1 | 23.60 | 1.30 % | ||
| Current price: | 23.30 | |||
| Support | S1 | 23.04 | -1.13 % | |
| S2 | 22.86 | -1.88 % | ||
| S3 | 22.58 | -3.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.90 | 6.87 % | |
| R2 | 24.50 | 5.15 % | ||
| R1 | 23.50 | 0.86 % | ||
| Current price | 23.30 | |||
| Support | S1 | 21.80 | -6.44% | |
| S2 | 20.24 | -13.13% | ||
| S3 | 20.20 | -13.30% |
FAQ
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