Safkar Ege Sogutmacilik Klima Soguk Hava Stock Forecast
High volatility in Safkar Ege Sogutmacilik Klima Soguk Hava stock price on Monday which ended trading at TRY 40.24
(Updated on May 27, 2024)
The Safkar Ege Sogutmacilik Klima Soguk Hava stock price fell by -5.98% on the last day (Monday, 27th May 2024) from TRY 42.80 to TRY 40.24. During the last trading day the stock fluctuated 13.07% from a day low at TRY 39.80 to a day high of TRY 45.00. The price has been going up and down for this period, and there has been a 0.1% gain for the last 2 weeks. Volume has increased on the last day by 981 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately TRY 63.15 million.
The stock lies in the middle of a very wide and weak 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 4.63% during the next 3 months and, with a 90% probability hold a price between TRY 37.53 and TRY 47.63 at the end of this 3-month period.
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SAFKR.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Safkar Ege Sogutmacilik Klima Soguk Hava stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 41.17 and TRY 41.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -10.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Safkar Ege Sogutmacilik Klima Soguk Hava stock
Safkar Ege Sogutmacilik Klima Soguk Hava finds support from accumulated volume at TRY 39.24 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 5.20 between high and low, or 13.07%. For the last week, the stock has had daily average volatility of 6.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAFKR.IS) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Safkar Ege Sogutmacilik Klima Soguk Hava Tesisleri Ihracat Ithalat Sanayi ve Ticaret Anonim Sirketi to open at TRY 41.68, and during the day (based on 14 day Average True Range), to move between TRY 37.79 and TRY 42.69, which gives a possible trading interval of +/-TRY 2.45 (+/-6.09%) up or down from last closing price. If Safkar Ege Sogutmacilik Klima Soguk Hava Tesisleri Ihracat Ithalat Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 12.18% 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 39.24 (2.49%) than the resistance at TRY 42.10 (4.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Safkar Ege Sogutmacilik Klima Soguk Hava Tesisleri Ihracat Ithalat Sanayi ve Ticaret Anonim Sirketi stock A Buy?
The Safkar Ege Sogutmacilik Klima Soguk Hava stock holds several negative signals and despite the positive trend, we believe Safkar Ege Sogutmacilik Klima Soguk Hava will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.761 Sell Candidate Downgraded
Predicted Opening Price for Safkar Ege Sogutmacilik Klima Soguk Hava Tesisleri Ihracat Ithalat Sanayi ve Ticaret Anonim Sirketi of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| TRY 41.68 ( 3.58%) | TRY 40.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAFKR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.88 | 16.50 % | |
| R2 | 44.89 | 11.56 % | ||
| R1 | 43.67 | 8.51 % | ||
| Current price: | 40.24 | |||
| Support | S1 | 39.69 | -1.36 % | |
| S2 | 38.47 | -4.41 % | ||
| S3 | 36.48 | -9.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.00 | 11.83 % | |
| R2 | 43.10 | 7.11 % | ||
| R1 | 42.10 | 4.62 % | ||
| Current price | 40.24 | |||
| Support | S1 | 39.24 | -2.49% | |
| S2 | 38.00 | -5.57% | ||
| S3 | 35.60 | -11.53% |
FAQ
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