Seyitler Kimya Sanayi A.S. Stock Forecast

A very red day for Seyitler Kimya Sanayi A.S. stock price after a -7.94% fall in the Thursday trading session
(Updated on May 09, 2024)

SEYKM.IS Signals & Forecast

The Seyitler Kimya Sanayi A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 9.86. On a fall, the stock will find some support from the long-term average at approximately TRY 7.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -21.69%. 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 Seyitler Kimya Sanayi A.S. stock

Seyitler Kimya Sanayi A.S. finds support from accumulated volume at TRY 8.63 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 0.520 between high and low, or 6.03%. For the last week, the stock has had daily average volatility of 7.72%.

Our recommended stop-loss: TRY 8.29 (-4.76%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (SEYKM.IS) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Seyitler Kimya Sanayi A.S. to open at TRY 8.83, and during the day (based on 14 day Average True Range), to move between TRY 8.07 and TRY 9.33, which gives a possible trading interval of +/-TRY 0.634 (+/-7.29%) up or down from last closing price. If Seyitler Kimya Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 14.58% 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 8.63 (0.80%) than the resistance at TRY 9.57 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Seyitler Kimya Sanayi A.S. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Seyitler Kimya Sanayi A.S. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.289 Buy Candidate Upgraded

Predicted Opening Price for Seyitler Kimya Sanayi A.S. of Friday, May 10, 2024

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