Türkiye Sise Ve Cam Fabrikalari A.S. Stock Forecast
Türkiye Sise Ve Cam Fabrikalari A.S. stock price up 1.83% on Friday
(Updated on May 10, 2024)
The Türkiye Sise Ve Cam Fabrikalari A.S. stock price gained 1.83% on the last trading day (Friday, 10th May 2024), rising from TRY 52.00 to TRY 52.95. During the last trading day the stock fluctuated 3.56% from a day low at TRY 51.90 to a day high of TRY 53.75. The price has risen in 6 of the last 10 days and is up by 8.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 million more shares were traded than the day before. In total, 61 million shares were bought and sold for approximately TRY 3.24 billion.
Given the current short-term trend, the stock is expected to fall -3.84% during the next 3 months and, with a 90% probability hold a price between TRY 42.13 and TRY 50.92 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SISE.IS Signals & Forecast
Mostly positive signals in the chart today. The Türkiye Sise Ve Cam Fabrikalari 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 51.85 and TRY 48.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 18.72%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Türkiye Sise Ve Cam Fabrikalari A.S. stock
Türkiye Sise Ve Cam Fabrikalari A.S. finds support from accumulated volume at TRY 51.15 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 1.85 between high and low, or 3.56%. For the last week, the stock has had daily average volatility of 2.83%.
The Türkiye Sise Ve Cam Fabrikalari A.S. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: TRY 50.48 (-4.67%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (SISE.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Türkiye Sise Ve Cam Fabrikalari A.S. to open at TRY 52.87, and during the day (based on 14 day Average True Range), to move between TRY 51.59 and TRY 54.31, which gives a possible trading interval of +/-TRY 1.36 (+/-2.57%) up or down from last closing price. If Türkiye Sise Ve Cam Fabrikalari A.S. takes out the full calculated possible swing range there will be an estimated 5.15% 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 53.05 (0.19%) than the support at TRY 51.15 (3.40%), 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.
Earnings coming up
Türkiye Sise Ve Cam Fabrikalari A.S. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Türkiye Sise Ve Cam Fabrikalari A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.54% in the first trading day after earnings release.
Is Türkiye Sise Ve Cam Fabrikalari A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.196 Buy Candidate Unchanged
Predicted Opening Price for Türkiye Sise Ve Cam Fabrikalari A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 52.87 ( 0.157%) | TRY 52.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SISE.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.72 | 3.34 % | |
| R2 | 54.01 | 2.00 % | ||
| R1 | 53.57 | 1.18 % | ||
| Current price: | 52.95 | |||
| Support | S1 | 52.16 | -1.49 % | |
| S2 | 51.72 | -2.32 % | ||
| S3 | 51.02 | -3.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 53.60 | 1.23 % | ||
| R1 | 53.05 | 0.189 % | ||
| Current price | 52.95 | |||
| Support | S1 | 51.15 | -3.40% | |
| S2 | 50.80 | -4.06% | ||
| S3 | 48.90 | -7.65% |
SISE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 04, 2024 | TRY 0.718 | 1.35% |
| 2 | May 31, 2023 | May 31, 2023 | May 31, 2023 | TRY 0.686 | 1.70% |
| 3 | May 31, 2022 | May 31, 2022 | May 31, 2022 | TRY 0.408 | 1.95% |
| 4 | May 31, 2021 | May 31, 2021 | May 31, 2021 | TRY 0.163 | 2.11% |
| 5 | May 29, 2020 | May 29, 2020 | May 29, 2020 | TRY 0.142 | 2.89% |
FAQ
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