Sekuro Plastik Ambalaj Sanayi A.S. Stock Forecast

Red day on Tuesday for Sekuro Plastik Ambalaj Sanayi A.S.
(Updated on May 07, 2024)

SEKUR.IS Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 14.45. On a fall, the stock will find some support from the short-term average at TRY 13.10. 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 -23.61%. Further fall is indicated until a new bottom pivot has been found. 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 13.48 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 1.08 between high and low, or 8.10%. For the last week, the stock has had daily average volatility of 6.00%.

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 Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Sekuro Plastik Ambalaj Sanayi A.S. to open at TRY 13.83, and during the day (based on 14 day Average True Range), to move between TRY 12.77 and TRY 14.73, which gives a possible trading interval of +/-TRY 0.98 (+/-7.13%) 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 14.26% 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 13.94 (1.38%) than the support at TRY 13.48 (1.96%), 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: -4.348 Sell Candidate Unchanged

Predicted Opening Price for Sekuro Plastik Ambalaj Sanayi A.S. of Wednesday, May 8, 2024

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