Polisan Holding A.S. Stock Forecast
Green day on Friday for Polisan Holding A.S. stock after gaining 1.44%
(Updated on Apr 19, 2024)
The Polisan Holding A.S. stock price gained 1.44% on the last trading day (Friday, 19th Apr 2024), rising from TRY 13.20 to TRY 13.39. During the last trading day the stock fluctuated 5.02% from a day low at TRY 12.96 to a day high of TRY 13.61. The price has fallen in 6 of the last 10 days and is down by -10.91% for this period. Volume fell on the last day by -3 million shares and in total, 8 million shares were bought and sold for approximately TRY 112.44 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.80% during the next 3 months and, with a 90% probability hold a price between TRY 11.53 and TRY 15.17 at the end of this 3-month period.
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POLHO.IS Signals & Forecast
There are mixed signals in the stock today. The Polisan Holding A.S. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 13.79. On a fall, the stock will find some support from the short-term average at TRY 13.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 5.10%. Further rise is indicated until a new top pivot has been found. 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 Polisan Holding A.S. stock
Polisan Holding A.S. finds support from accumulated volume at TRY 13.23 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 0.650 between high and low, or 5.02%. For the last week, the stock has had daily average volatility of 4.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (POLHO.IS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Polisan Holding A.S. to open at TRY 13.32, and during the day (based on 14 day Average True Range), to move between TRY 12.66 and TRY 14.12, which gives a possible trading interval of +/-TRY 0.729 (+/-5.44%) up or down from last closing price. If Polisan Holding A.S. takes out the full calculated possible swing range there will be an estimated 10.89% 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 13.53 (1.05%) than the support at TRY 13.23 (1.19%), 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 Polisan Holding A.S. stock A Buy?
Polisan Holding A.S. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.403 Sell Candidate Unchanged
Predicted Opening Price for Polisan Holding A.S. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| TRY 13.32 ( 0.523%) | TRY 13.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POLHO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.97 | 4.33 % | |
| R2 | 13.72 | 2.48 % | ||
| R1 | 13.57 | 1.33 % | ||
| Current price: | 13.39 | |||
| Support | S1 | 13.07 | -2.38 % | |
| S2 | 12.92 | -3.52 % | ||
| S3 | 12.67 | -5.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.70 | 24.72 % | |
| R2 | 15.82 | 18.15 % | ||
| R1 | 13.53 | 1.05 % | ||
| Current price | 13.39 | |||
| Support | S1 | 13.23 | -1.19% | |
| S2 | 13.20 | -1.42% | ||
| S3 | 12.74 | -4.85% |
FAQ
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