Sekuro Plastik Ambalaj Sanayi A.S. Stock Forecast
Red day on Thursday for Sekuro Plastik Ambalaj Sanayi A.S. stock after losing 2.02%
(Updated on Apr 25, 2024)
The Sekuro Plastik Ambalaj Sanayi A.S. stock price fell by -2.02% on the last day (Thursday, 25th Apr 2024) from TRY 13.36 to TRY 13.09. During the last trading day the stock fluctuated 9.34% from a day low at TRY 12.96 to a day high of TRY 14.17. The price has fallen in 7 of the last 10 days and is down by -12.73% 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 -2 million shares and in total, 4 million shares were bought and sold for approximately TRY 57.36 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 12.73 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.25% during the next 3 months and, with a 90% probability hold a price between TRY 15.57 and TRY 24.54 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SEKUR.IS Signals & Forecast
There are mixed signals in the stock today. 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 15.10. On a fall, the stock will find some support from the short-term average at TRY 13.00. 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. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -27.28%. 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 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 12.81 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 1.21 between high and low, or 9.34%. For the last week, the stock has had daily average volatility of 6.47%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect Sekuro Plastik Ambalaj Sanayi A.S. to open at TRY 13.41, and during the day (based on 14 day Average True Range), to move between TRY 11.94 and TRY 14.24, which gives a possible trading interval of +/-TRY 1.15 (+/-8.77%) 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 17.54% 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 13.36 (2.06%) than the support at TRY 12.81 (2.14%), 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 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: -3.368 Sell Candidate Unchanged
Predicted Opening Price for Sekuro Plastik Ambalaj Sanayi A.S. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| TRY 13.41 ( 2.42%) | TRY 13.09 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 14.62 | 11.66 % | |
| R2 | 14.15 | 8.13 % | ||
| R1 | 13.87 | 5.95 % | ||
| Current price: | 13.09 | |||
| Support | S1 | 12.94 | -1.11 % | |
| S2 | 12.66 | -3.29 % | ||
| S3 | 12.20 | -6.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.00 | 14.59 % | |
| R2 | 13.48 | 2.98 % | ||
| R1 | 13.36 | 2.06 % | ||
| Current price | 13.09 | |||
| Support | S1 | 12.81 | -2.14% | |
| S2 | 11.02 | -15.81% | ||
| S3 | 9.92 | -24.22% |
FAQ
Click here for our free guide on how to buy Sekuro Plastik Ambalaj Sanayi A.S. Stock.
