Platform Turizm Tasimacilik Gida Insaat Stock Forecast

Platform Turizm Tasimacilik Gida Insaat stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)

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 17.46 and TRY 15.56. 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 37.02%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Platform Turizm Tasimacilik Gida Insaat stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 16.52 and TRY 15.57. 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, Platform Turizm Tasimacilik Gida Insaat finds support just below today's level at TRY 16.52. If this is broken, then the next support from accumulated volume will be at TRY 15.57 and TRY 15.00.

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 2.48%. For the last week, the stock has had daily average volatility of 4.56%.

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. 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 17.38 (-3.16%) (This stock has high daily movements and this gives high risk. The RSI14 is 92 and this increases the risk substantially. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (PLTUR.IS) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Platform Turizm Tasimacilik Gida Insaat Temizlik Hizmetleri Sanayi ve Ticaret Anonim Sirketi to open at TRY 17.94, and during the day (based on 14 day Average True Range), to move between TRY 17.18 and TRY 18.72, which gives a possible trading interval of +/-TRY 0.773 (+/-4.31%) 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 8.61% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 16.52, some TRY 1.43 (7.97%) from the current price of TRY 17.95, our system finds the risk reward attractive.

Is Platform Turizm Tasimacilik Gida Insaat Temizlik Hizmetleri Sanayi ve Ticaret Anonim Sirketi stock A Buy?

Platform Turizm Tasimacilik Gida Insaat holds several positive signals and is considered to be a good choice at current levels. We expect the Platform Turizm Tasimacilik Gida Insaat stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.708 Strong Buy Candidate Upgraded

Predicted Opening Price for Platform Turizm Tasimacilik Gida Insaat Temizlik Hizmetleri Sanayi ve Ticaret Anonim Sirketi of Thursday, June 27, 2024

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