Sanko Pazarlama Ithalat Ihracat Anonim Stock Forecast

Strong day for Sanko Pazarlama Ithalat Ihracat Anonim stock price on Friday rising 7.91% to TRY 28.64
(Updated on May 10, 2024)

SANKO.IS Signals & Forecast

Mostly positive signals in the chart today. The Sanko Pazarlama Ithalat Ihracat Anonim 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 26.15 and TRY 23.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 33.46%. 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 Sanko Pazarlama Ithalat Ihracat Anonim stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 26.84 and TRY 26.50. 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, Sanko Pazarlama Ithalat Ihracat Anonim finds support just below today's level at TRY 26.84. If this is broken, then the next support from accumulated volume will be at TRY 26.50 and TRY 26.30.

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 2.30 between high and low, or 8.61%. For the last week, the stock has had daily average volatility of 5.32%.

The Sanko Pazarlama Ithalat Ihracat Anonim stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: TRY 27.49 (-4.00%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)

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

For the upcoming trading day on Monday, 13th we expect Sanko Pazarlama Ithalat Ihracat Anonim Sirketi to open at TRY 28.11, and during the day (based on 14 day Average True Range), to move between TRY 27.38 and TRY 29.90, which gives a possible trading interval of +/-TRY 1.26 (+/-4.41%) up or down from last closing price. If Sanko Pazarlama Ithalat Ihracat Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 8.83% 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 29.24 (2.09%) than the support at TRY 26.84 (6.28%), 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 Sanko Pazarlama Ithalat Ihracat Anonim Sirketi stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 4.892 Buy Candidate Unchanged

Predicted Opening Price for Sanko Pazarlama Ithalat Ihracat Anonim Sirketi of Monday, May 13, 2024

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