Selçuk Gida Endüstri Ihracat Ithalat Stock Forecast
Big movements in Selçuk Gida Endüstri Ihracat Ithalat stock price on Friday moving 13.29% between high and low
(Updated on May 31, 2024)
The Selçuk Gida Endüstri Ihracat Ithalat stock price fell by -3.23% on the last day (Friday, 31st May 2024) from TRY 44.56 to TRY 43.12. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 13.29% from a day low at TRY 41.22 to a day high of TRY 46.70. The price has fallen in 7 of the last 10 days and is down by -8.1% for this period. Volume has increased on the last day by 129 thousand 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, 617 thousand shares were bought and sold for approximately TRY 26.59 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 41.27 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.74% during the next 3 months and, with a 90% probability hold a price between TRY 33.12 and TRY 45.42 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.
SELGD.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 Selçuk Gida Endüstri Ihracat Ithalat 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 45.77 and TRY 52.36. 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 26, 2024, and so far it has fallen -30.73%. Further fall is indicated until a new bottom pivot has been found. 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 Gida Endüstri Ihracat Ithalat 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 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 5.48 between high and low, or 13.29%. For the last week, the stock has had daily average volatility of 9.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SELGD.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Selçuk Gida Endüstri Ihracat Ithalat A.S. to open at TRY 43.68, and during the day (based on 14 day Average True Range), to move between TRY 39.31 and TRY 46.93, which gives a possible trading interval of +/-TRY 3.81 (+/-8.84%) up or down from last closing price. If Selçuk Gida Endüstri Ihracat Ithalat A.S. takes out the full calculated possible swing range there will be an estimated 17.67% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 46.52, some TRY 3.40 (7.88%) from the current price of TRY 43.12, our system finds the risk reward not very attractive.
Is Selçuk Gida Endüstri Ihracat Ithalat A.S. stock A Buy?
Selçuk Gida Endüstri Ihracat Ithalat holds several negative signals and is within a very 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.
Current score: -4.622 Sell Candidate Unchanged
Predicted Opening Price for Selçuk Gida Endüstri Ihracat Ithalat A.S. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 43.68 ( 1.30%) | TRY 43.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SELGD.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.16 | 14.01 % | |
| R2 | 47.07 | 9.15 % | ||
| R1 | 45.77 | 6.15 % | ||
| Current price: | 43.12 | |||
| Support | S1 | 41.59 | -3.56 % | |
| S2 | 40.29 | -6.56 % | ||
| S3 | 38.20 | -11.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.00 | 22.91 % | |
| R2 | 46.92 | 8.81 % | ||
| R1 | 46.52 | 7.88 % | ||
| Current price | 43.12 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Selçuk Gida Endüstri Ihracat Ithalat A.S. Stock.
