Sekuro Plastik Ambalaj Sanayi A.S. Stock Forecast
Sekuro Plastik Ambalaj Sanayi A.S. stock price ended at TRY 11.14 on Wednesday, after losing 1.42%.
(Updated on Jul 03, 2024)
The Sekuro Plastik Ambalaj Sanayi A.S. stock price fell by -1.42% on the last day (Wednesday, 3rd Jul 2024) from TRY 11.30 to TRY 11.14. During the last trading day the stock fluctuated 6.07% from a day low at TRY 11.03 to a day high of TRY 11.70. The price has fallen in 6 of the last 10 days and is down by -11.24% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -409 thousand shares and in total, 2 million shares were bought and sold for approximately TRY 19.07 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 10.44 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.13% during the next 3 months and, with a 90% probability hold a price between TRY 9.17 and TRY 12.76 at the end of this 3-month period.
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SEKUR.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 5.99%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sekuro Plastik Ambalaj Sanayi A.S. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 13.16. On a fall, the stock will find some support from the short-term average at TRY 10.98. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Sekuro Plastik Ambalaj Sanayi A.S. stock
Sekuro Plastik Ambalaj Sanayi A.S. finds support from accumulated volume at TRY 11.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.670 between high and low, or 6.07%. For the last week, the stock has had daily average volatility of 6.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SEKUR.IS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Sekuro Plastik Ambalaj Sanayi A.S. to open at TRY 11.29, and during the day (based on 14 day Average True Range), to move between TRY 10.38 and TRY 11.90, which gives a possible trading interval of +/-TRY 0.761 (+/-6.83%) up or down from last closing price. If Sekuro Plastik Ambalaj Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 13.66% 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 11.00 (1.26%) than the resistance at TRY 13.36 (19.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sekuro Plastik Ambalaj Sanayi A.S. stock A Buy?
Sekuro Plastik Ambalaj Sanayi A.S. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.619 Sell Candidate Unchanged
Predicted Opening Price for Sekuro Plastik Ambalaj Sanayi A.S. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| TRY 11.29 ( 1.35%) | TRY 11.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEKUR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.96 | 7.36% |
| R2 | 11.70 | 5.06% |
| R1 | 11.55 | 3.64% |
| Price | 11.14 | |
| S1 | 11.03 | -0.95% |
| S2 | 10.88 | -2.37% |
| S3 | 10.62 | -4.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.48 | 21.01% |
| R2 | 13.39 | 20.20% |
| R1 | 13.36 | 19.93% |
| Price | 11.14 | |
| S1 | 11.00 | -1.26% |
| S2 | 10.95 | -1.71% |
| S3 | 10.79 | -3.14% |
FAQ
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