Pergamon Status Dis Ticaret A.S. Stock Forecast
Green day on Thursday for Pergamon Status Dis Ticaret A.S. stock after gaining 1.57%
(Updated on May 09, 2024)
The Pergamon Status Dis Ticaret A.S. stock price gained 1.57% on the last trading day (Thursday, 9th May 2024), rising from TRY 140.10 to TRY 142.30. During the last trading day the stock fluctuated 5.43% from a day low at TRY 138.20 to a day high of TRY 145.70. The price has risen in 6 of the last 10 days and is up by 22.15% over the past 2 weeks. Volume fell on the last day by -542 thousand shares and in total, 361 thousand shares were bought and sold for approximately TRY 51.41 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 strong 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 65.49% during the next 3 months and, with a 90% probability hold a price between TRY 203.62 and TRY 255.11 at the end of this 3-month period.
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PSDTC.IS Signals & Forecast
The Pergamon Status Dis Ticaret 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 142.04 and TRY 119.87. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -5.76%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Pergamon Status Dis Ticaret A.S. stock
Pergamon Status Dis Ticaret A.S. finds support from accumulated volume at TRY 140.10 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 7.50 between high and low, or 5.43%. For the last week, the stock has had daily average volatility of 10.11%.
Our recommended stop-loss: TRY 135.04 (-5.10%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (PSDTC.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Pergamon Status Dis Ticaret A.S. to open at TRY 142.07, and during the day (based on 14 day Average True Range), to move between TRY 131.76 and TRY 152.84, which gives a possible trading interval of +/-TRY 10.54 (+/-7.41%) up or down from last closing price. If Pergamon Status Dis Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 14.82% 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 140.10 (1.55%) than the resistance at TRY 149.40 (4.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pergamon Status Dis Ticaret A.S. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pergamon Status Dis Ticaret A.S. stock to perform well in the short-term.
Current score: 3.022 Buy Candidate Unchanged
Predicted Opening Price for Pergamon Status Dis Ticaret A.S. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 142.07 ( 0.164%) | TRY 142.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSDTC.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 149.57 | 5.11 % | |
| R2 | 146.70 | 3.09 % | ||
| R1 | 144.93 | 1.85 % | ||
| Current price: | 142.30 | |||
| Support | S1 | 139.20 | -2.18 % | |
| S2 | 137.43 | -3.42 % | ||
| S3 | 134.57 | -5.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 151.00 | 6.11 % | ||
| R1 | 149.40 | 4.99 % | ||
| Current price | 142.30 | |||
| Support | S1 | 140.10 | -1.55% | |
| S2 | 136.50 | -4.08% | ||
| S3 | 135.90 | -4.50% |
FAQ
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