RTA Laboratuvarlari Biyolojik Urunler Stock Forecast
RTA Laboratuvarlari Biyolojik Urunler stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The RTA Laboratuvarlari Biyolojik Urunler stock price gained 4.02% on the last trading day (Friday, 3rd May 2024), rising from TRY 12.69 to TRY 13.20. During the last trading day the stock fluctuated 6.67% from a day low at TRY 12.59 to a day high of TRY 13.43. The price has been going up and down for this period, and there has been a 1.07% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately TRY 82.34 million.
Given the current short-term trend, the stock is expected to fall -24.16% during the next 3 months and, with a 90% probability hold a price between TRY 7.63 and TRY 10.01 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RTALB.IS Signals & Forecast
Mostly positive signals in the chart today. The RTA Laboratuvarlari Biyolojik Urunler 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 12.79 and TRY 12.46. 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 17.86%. 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 RTA Laboratuvarlari Biyolojik Urunler stock
RTA Laboratuvarlari Biyolojik Urunler finds support from accumulated volume at TRY 13.00 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 0.84 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: TRY 12.64 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (RTALB.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect RTA Laboratuvarlari Biyolojik Urunler Ilac ve Makine Sanayi Ticaret A.S. to open at TRY 13.07, and during the day (based on 14 day Average True Range), to move between TRY 12.63 and TRY 13.77, which gives a possible trading interval of +/-TRY 0.565 (+/-4.28%) 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 8.57% 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 13.00 (1.52%) than the resistance at TRY 15.73 (19.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.092 Buy Candidate Upgraded
Predicted Opening Price for RTA Laboratuvarlari Biyolojik Urunler Ilac ve Makine Sanayi Ticaret A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 13.07 ( 0.96%) | TRY 13.20 |
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 | 13.91 | 5.40 % | |
| R2 | 13.59 | 2.97 % | ||
| R1 | 13.39 | 1.47 % | ||
| Current price: | 13.20 | |||
| Support | S1 | 12.75 | -3.39 % | |
| S2 | 12.55 | -4.89 % | ||
| S3 | 12.23 | -7.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.25 | 23.11 % | |
| R2 | 15.92 | 20.61 % | ||
| R1 | 15.73 | 19.17 % | ||
| Current price | 13.20 | |||
| Support | S1 | 13.00 | -1.52% | |
| S2 | 12.89 | -2.35% | ||
| S3 | 12.85 | -2.65% |
FAQ
Click here for our free guide on how to buy RTA Laboratuvarlari Biyolojik Urunler Ilac ve Makine Sanayi Ticaret A.S. Stock.
