Serve Film Prodüksiyon Eglence A.S. Stock Forecast
Serve Film Prodüksiyon Eglence A.S. stock price ended at TRY 43.08 on Friday, after losing 0.416%.
(Updated on Jun 28, 2024)
The Serve Film Prodüksiyon Eglence A.S. stock price fell by -0.416% on the last day (Friday, 28th Jun 2024) from TRY 43.26 to TRY 43.08. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.22% from a day low at TRY 42.56 to a day high of TRY 43.08. The price has fallen in 6 of the last 10 days but is still up by 2.82% over the past 2 weeks. 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 -24 thousand shares and in total, 35 thousand shares were bought and sold for approximately TRY 1.51 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.03% during the next 3 months and, with a 90% probability hold a price between TRY 41.13 and TRY 53.94 at the end of this 3-month period.
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SERVE.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Serve Film Prodüksiyon Eglence A.S. 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 45.21 and TRY 45.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -10.18%. 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 Serve Film Prodüksiyon Eglence A.S. stock
Serve Film Prodüksiyon Eglence A.S. finds support from accumulated volume at TRY 42.60 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 0.520 between high and low, or 1.22%. For the last week, the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SERVE.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Serve Film Prodüksiyon Eglence A.S. to open at TRY 42.91, and during the day (based on 14 day Average True Range), to move between TRY 41.08 and TRY 45.08, which gives a possible trading interval of +/-TRY 2.00 (+/-4.64%) up or down from last closing price. If Serve Film Prodüksiyon Eglence A.S. takes out the full calculated possible swing range there will be an estimated 9.29% 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 42.60 (1.11%) than the resistance at TRY 46.50 (7.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Serve Film Prodüksiyon Eglence A.S. stock A Buy?
The Serve Film Prodüksiyon Eglence A.S. stock holds several negative signals and despite the positive trend, we believe Serve Film Prodüksiyon Eglence A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.644 Sell Candidate Unchanged
Predicted Opening Price for Serve Film Prodüksiyon Eglence A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 42.91 ( 0.402%) | TRY 43.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SERVE.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.43 | 0.80% |
| R2 | 43.23 | 0.344% |
| R1 | 43.11 | 0.0587% |
| Price | 43.08 | |
| S1 | 42.71 | -0.86% |
| S2 | 42.59 | -1.15% |
| S3 | 42.39 | -1.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.00 | 18.38% |
| R2 | 47.00 | 9.10% |
| R1 | 46.50 | 7.94% |
| Price | 43.08 | |
| S1 | 42.60 | -1.11% |
| S2 | 41.90 | -2.74% |
| S3 | 39.22 | -8.96% |
FAQ
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