Reeder Teknoloji Sanayi ve Ticaret Stock Forecast

Reeder Teknoloji Sanayi ve Ticaret stock price ended at TRY 40.38 on Friday, after losing 1.75%.
(Updated on May 10, 2024)

REEDR.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 Reeder Teknoloji Sanayi ve Ticaret stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 42.15 and TRY 47.92. 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 01, 2024, and so far it has fallen -46.94%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Reeder Teknoloji Sanayi ve Ticaret stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 0.96 between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 4.53%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (REEDR.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Reeder Teknoloji Sanayi ve Ticaret Anonim Sirketi to open at TRY 40.69, and during the day (based on 14 day Average True Range), to move between TRY 37.52 and TRY 43.24, which gives a possible trading interval of +/-TRY 2.86 (+/-7.09%) up or down from last closing price. If Reeder Teknoloji Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 14.17% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ TRY 46.06, some TRY 5.68 (14.07%) from the current price of TRY 40.38, our system finds the risk reward not very attractive.

Is Reeder Teknoloji Sanayi ve Ticaret Anonim Sirketi stock A Buy?

Reeder Teknoloji Sanayi ve Ticaret holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.091 Sell Candidate Unchanged

Predicted Opening Price for Reeder Teknoloji Sanayi ve Ticaret Anonim Sirketi of Monday, May 13, 2024

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