Platform Turizm Tasimacilik Gida Insaat Stock Forecast
Platform Turizm Tasimacilik Gida Insaat stock price up 0.768% on Friday
(Updated on Jun 14, 2024)
The Platform Turizm Tasimacilik Gida Insaat stock price gained 0.768% on the last trading day (Friday, 14th Jun 2024), rising from TRY 16.93 to TRY 17.06. During the last trading day the stock fluctuated 2.62% from a day low at TRY 16.77 to a day high of TRY 17.21. The price has risen in 8 of the last 10 days and is up by 23.53% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately TRY 36.80 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.
Given the current short-term trend, the stock is expected to fall -10.78% during the next 3 months and, with a 90% probability hold a price between TRY 11.29 and TRY 15.22 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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PLTUR.IS Signals & Forecast
Mostly positive signals in the chart today. The Platform Turizm Tasimacilik Gida Insaat 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 16.21 and TRY 15.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 30.23%. 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 Platform Turizm Tasimacilik Gida Insaat stock
Platform Turizm Tasimacilik Gida Insaat finds support from accumulated volume at TRY 16.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.440 between high and low, or 2.62%. For the last week, the stock has had daily average volatility of 5.41%.
The Platform Turizm Tasimacilik Gida Insaat 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 and the RSI is still moving upwards. 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 16.57 (-2.88%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (PLTUR.IS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Platform Turizm Tasimacilik Gida Insaat Temizlik Hizmetleri Sanayi ve Ticaret Anonim Sirketi to open at TRY 17.01, and during the day (based on 14 day Average True Range), to move between TRY 16.28 and TRY 17.84, which gives a possible trading interval of +/-TRY 0.776 (+/-4.55%) up or down from last closing price. If Platform Turizm Tasimacilik Gida Insaat Temizlik Hizmetleri Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 9.09% 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 17.19 (0.76%) than the support at TRY 16.52 (3.17%), 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 Platform Turizm Tasimacilik Gida Insaat Temizlik Hizmetleri Sanayi ve Ticaret Anonim Sirketi stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.026 Buy Candidate Unchanged
Predicted Opening Price for Platform Turizm Tasimacilik Gida Insaat Temizlik Hizmetleri Sanayi ve Ticaret Anonim Sirketi of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| TRY 17.01 ( 0.274%) | TRY 17.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLTUR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.45 | 2.31% |
| R2 | 17.29 | 1.32% |
| R1 | 17.18 | 0.712% |
| Price | 17.06 | |
| S1 | 16.85 | -1.26% |
| S2 | 16.74 | -1.87% |
| S3 | 16.57 | -2.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.02 | 5.63% |
| R2 | 17.30 | 1.41% |
| R1 | 17.19 | 0.762% |
| Price | 17.06 | |
| S1 | 16.52 | -3.17% |
| S2 | 15.57 | -8.73% |
| S3 | 15.00 | -12.08% |
FAQ
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