Reysas Tasimacilik ve Lojistik Ticaret Stock Forecast
Evaluation of Reysas Tasimacilik ve Lojistik Ticaret stock downgraded after the last trading session.
(Updated on Jul 04, 2024)
The Reysas Tasimacilik ve Lojistik Ticaret stock price gained 1.31% on the last trading day (Thursday, 4th Jul 2024), rising from TRY 53.45 to TRY 54.15. During the last trading day the stock fluctuated 4.11% from a day low at TRY 53.50 to a day high of TRY 55.70. The price has been going up and down for this period, and there has been a 1.31% 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, 77 thousand more shares were traded than the day before. In total, 561 thousand shares were bought and sold for approximately TRY 30.40 million.
The stock lies in the middle of a 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 33.89% during the next 3 months and, with a 90% probability hold a price between TRY 65.30 and TRY 79.29 at the end of this 3-month period.
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RYSAS.IS Signals & Forecast
The Reysas Tasimacilik ve Lojistik Ticaret stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 55.39. On a fall, the stock will find some support from the long-term average at approximately TRY 50.30. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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 Friday, June 28, 2024, and so far it has fallen -6.88%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Reysas Tasimacilik ve Lojistik Ticaret stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 45.70 and TRY 43.68. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Reysas Tasimacilik ve Lojistik Ticaret finds support just below today's level at TRY 45.70. If this is broken, then the next support from accumulated volume will be at TRY 43.68 and TRY 42.92.
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 2.20 between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 7.46%.
Our recommended stop-loss: TRY 51.13 (-5.58%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (RYSAS.IS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Reysas Tasimacilik ve Lojistik Ticaret A.S. to open at TRY 54.45, and during the day (based on 14 day Average True Range), to move between TRY 50.87 and TRY 57.43, which gives a possible trading interval of +/-TRY 3.28 (+/-6.07%) up or down from last closing price. If Reysas Tasimacilik ve Lojistik Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 12.13% 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 55.50 (2.49%) than the support at TRY 45.70 (15.60%), 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 Reysas Tasimacilik ve Lojistik Ticaret A.S. stock A Buy?
Reysas Tasimacilik ve Lojistik Ticaret holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.757 Hold/Accumulate Downgraded
Predicted Opening Price for Reysas Tasimacilik ve Lojistik Ticaret A.S. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| TRY 54.45 ( 0.554%) | TRY 54.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RYSAS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56.65 | 4.62% |
| R2 | 55.81 | 3.06% |
| R1 | 55.29 | 2.11% |
| Price | 54.15 | |
| S1 | 53.61 | -1.00% |
| S2 | 53.09 | -1.96% |
| S3 | 52.25 | -3.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.15 | 7.39% |
| R2 | 55.85 | 3.14% |
| R1 | 55.50 | 2.49% |
| Price | 54.15 | |
| S1 | 45.70 | -15.60% |
| S2 | 43.68 | -19.34% |
| S3 | 42.92 | -20.74% |
FAQ
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