Silverline Endustri ve Ticaret A.S. Stock Forecast

Volatile ride for Silverline Endustri ve Ticaret A.S. stock price on Friday moving between TRY 21.60 and TRY 23.98
(Updated on May 10, 2024)

SILVR.IS Signals & Forecast

The Silverline Endustri ve Ticaret A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 21.44 and TRY 19.77. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 09, 2024, and so far it has fallen -10.00%. 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 Silverline Endustri ve Ticaret A.S. stock

Silverline Endustri ve Ticaret A.S. finds support from accumulated volume at TRY 20.80 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 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 2.38 between high and low, or 11.02%. For the last week, the stock has had daily average volatility of 9.84%.

Our recommended stop-loss: TRY 20.32 (-5.92%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SILVR.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Silverline Endustri ve Ticaret A.S. to open at TRY 22.39, and during the day (based on 14 day Average True Range), to move between TRY 20.05 and TRY 23.15, which gives a possible trading interval of +/-TRY 1.55 (+/-7.16%) up or down from last closing price. If Silverline Endustri ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 14.31% 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 21.80 (0.93%) than the support at TRY 20.80 (3.70%), 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 Silverline Endustri ve Ticaret 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 Silverline Endustri ve Ticaret 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: 1.600 Buy Candidate Upgraded

Predicted Opening Price for Silverline Endustri ve Ticaret A.S. of Monday, May 13, 2024

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