RTA Laboratuvarlari Biyolojik Urunler Stock Forecast
RTA Laboratuvarlari Biyolojik Urunler stock price down 0.92% on Friday
(Updated on Apr 19, 2024)
The RTA Laboratuvarlari Biyolojik Urunler stock price fell by -0.92% on the last day (Friday, 19th Apr 2024) from TRY 13.00 to TRY 12.88. During the last trading day the stock fluctuated 4.02% from a day low at TRY 12.43 to a day high of TRY 12.93. The price has been going up and down for this period, and there has been a 10.94% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 million shares and in total, 3 million shares were bought and sold for approximately TRY 44.35 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at TRY 13.42 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.79% during the next 3 months and, with a 90% probability hold a price between TRY 7.99 and TRY 10.09 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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RTALB.IS Signals & Forecast
The RTA Laboratuvarlari Biyolojik Urunler stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 12.49 and TRY 12.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 15.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 RTA Laboratuvarlari Biyolojik Urunler stock
RTA Laboratuvarlari Biyolojik Urunler finds support from accumulated volume at TRY 12.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.500 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 6.61%.
Our recommended stop-loss: TRY 12.39 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (RTALB.IS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect RTA Laboratuvarlari Biyolojik Urunler Ilac ve Makine Sanayi Ticaret A.S. to open at TRY 12.75, and during the day (based on 14 day Average True Range), to move between TRY 12.25 and TRY 13.51, which gives a possible trading interval of +/-TRY 0.634 (+/-4.92%) up or down from last closing price. If RTA Laboratuvarlari Biyolojik Urunler Ilac ve Makine Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 9.84% 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 13.00 (0.93%) than the support at TRY 12.73 (1.16%), 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 RTA Laboratuvarlari Biyolojik Urunler Ilac ve Makine Sanayi Ticaret A.S. 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: 1.391 Buy Candidate Unchanged
Predicted Opening Price for RTA Laboratuvarlari Biyolojik Urunler Ilac ve Makine Sanayi Ticaret A.S. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| TRY 12.75 ( 1.04%) | TRY 12.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RTALB.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.25 | 2.85 % | |
| R2 | 13.06 | 1.36 % | ||
| R1 | 12.94 | 0.448 % | ||
| Current price: | 12.88 | |||
| Support | S1 | 12.56 | -2.52 % | |
| S2 | 12.44 | -3.43 % | ||
| S3 | 12.25 | -4.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.92 | 23.60 % | |
| R2 | 15.73 | 22.13 % | ||
| R1 | 13.00 | 0.93 % | ||
| Current price | 12.88 | |||
| Support | S1 | 12.73 | -1.16% | |
| S2 | 12.33 | -4.27% | ||
| S3 | 12.30 | -4.50% |
FAQ
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