Selçuk Ecza Deposu Ticaret ve Sanayi Stock Forecast
Weaker technical forecast for Selçuk Ecza Deposu Ticaret ve Sanayi as stock downgraded to Strong Sell Candidate.
(Updated on Jun 25, 2024)
The Selçuk Ecza Deposu Ticaret ve Sanayi stock price fell by -1.15% on the last day (Tuesday, 25th Jun 2024) from TRY 45.10 to TRY 44.58. During the last trading day the stock fluctuated 3.38% from a day low at TRY 43.82 to a day high of TRY 45.30. The price has fallen in 7 of the last 10 days and is down by -12.59% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately TRY 144.16 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.30% during the next 3 months and, with a 90% probability hold a price between TRY 37.59 and TRY 46.85 at the end of this 3-month period.
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SELEC.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Selçuk Ecza Deposu Ticaret ve Sanayi 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 46.23 and TRY 49.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -21.31%. 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.
Support, Risk & Stop-loss for Selçuk Ecza Deposu Ticaret ve Sanayi stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 1.48 between high and low, or 3.38%. For the last week, the stock has had daily average volatility of 3.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SELEC.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Selçuk Ecza Deposu Ticaret ve Sanayi A.S. to open at TRY 44.57, and during the day (based on 14 day Average True Range), to move between TRY 42.91 and TRY 46.25, which gives a possible trading interval of +/-TRY 1.67 (+/-3.75%) up or down from last closing price. If Selçuk Ecza Deposu Ticaret ve Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 7.50% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 52.40, some TRY 7.82 (17.54%) from the current price of TRY 44.58, our system finds the risk reward not very attractive.
Is Selçuk Ecza Deposu Ticaret ve Sanayi A.S. stock A Buy?
Selçuk Ecza Deposu Ticaret ve Sanayi holds several negative signals and is within a 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: -6.164 Strong Sell Candidate Downgraded
Predicted Opening Price for Selçuk Ecza Deposu Ticaret ve Sanayi A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 44.57 ( 0.0299%) | TRY 44.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SELEC.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.05 | 3.29% |
| R2 | 45.48 | 2.02% |
| R1 | 45.13 | 1.24% |
| Price | 44.58 | |
| S1 | 44.00 | -1.30% |
| S2 | 43.65 | -2.08% |
| S3 | 43.09 | -3.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.25 | 23.93% |
| R2 | 53.85 | 20.79% |
| R1 | 52.40 | 17.54% |
| Price | 44.58 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
SELEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 22, 2024 | TRY 0.250 | 0.452% |
| 2 | Apr 18, 2023 | Apr 18, 2023 | Apr 18, 2023 | TRY 0.250 | 0.725% |
| 3 | Apr 18, 2022 | Apr 18, 2022 | Apr 18, 2022 | TRY 0.500 | 4.02% |
| 4 | Apr 20, 2021 | Apr 20, 2021 | Apr 20, 2021 | TRY 0.170 | 1.70% |
| 5 | Apr 17, 2020 | Apr 17, 2020 | Apr 17, 2020 | TRY 0.170 | 2.33% |
FAQ
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