Saray Matbaacilik Kagitçilik Stock Forecast

A very red day for Saray Matbaacilik Kagitçilik stock price after a -9.97% fall in the Friday trading session
(Updated on May 10, 2024)

SAMAT.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Saray Matbaacilik Kagitçilik 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 50.35 and TRY 50.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -18.57%. 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. The stock had a Golden Star Signal on Friday, September 22, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Saray Matbaacilik Kagitçilik stock

Saray Matbaacilik Kagitçilik finds support from accumulated volume at TRY 45.00 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 3.38 between high and low, or 7.41%. For the last week, the stock has had daily average volatility of 7.87%.

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

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

For the upcoming trading day on Monday, 13th we expect Saray Matbaacilik Kagitçilik kirtasiyecilik Ticaret Ve Sanayi A.S. to open at TRY 46.73, and during the day (based on 14 day Average True Range), to move between TRY 41.64 and TRY 49.56, which gives a possible trading interval of +/-TRY 3.96 (+/-8.67%) up or down from last closing price. If Saray Matbaacilik Kagitçilik kirtasiyecilik Ticaret Ve Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 17.35% 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 45.00 (1.32%) than the resistance at TRY 53.05 (16.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Saray Matbaacilik Kagitçilik kirtasiyecilik Ticaret Ve Sanayi A.S. stock A Buy?

Saray Matbaacilik Kagitçilik 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.346 Strong Sell Candidate Downgraded

Predicted Opening Price for Saray Matbaacilik Kagitçilik kirtasiyecilik Ticaret Ve Sanayi A.S. of Monday, May 13, 2024

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