Smartiks Yazilim A.S. Stock Forecast
Smartiks Yazilim A.S. stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Smartiks Yazilim A.S. stock price gained 0.382% on the last trading day (Friday, 17th May 2024), rising from TRY 41.86 to TRY 42.02. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.13% from a day low at TRY 41.50 to a day high of TRY 42.80. The price has fallen in 6 of the last 10 days and is down by -12.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 624 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately TRY 77.40 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.42% during the next 3 months and, with a 90% probability hold a price between TRY 27.06 and TRY 43.21 at the end of this 3-month period.
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SMART.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 4.68%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Smartiks Yazilim 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 42.30 and TRY 44.43. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Smartiks Yazilim A.S. stock
Smartiks Yazilim A.S. finds support from accumulated volume at TRY 41.50 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 1.30 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 4.80%.
Our recommended stop-loss: TRY 39.56 (-5.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (SMART.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Smartiks Yazilim A.S. to open at TRY 42.11, and during the day (based on 14 day Average True Range), to move between TRY 39.11 and TRY 44.93, which gives a possible trading interval of +/-TRY 2.91 (+/-6.93%) up or down from last closing price. If Smartiks Yazilim A.S. takes out the full calculated possible swing range there will be an estimated 13.87% 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 41.50 (1.24%) than the resistance at TRY 47.30 (12.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Smartiks Yazilim A.S. stock A Buy?
Smartiks Yazilim A.S. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.723 Hold/Accumulate Upgraded
Predicted Opening Price for Smartiks Yazilim A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 42.11 ( 0.206%) | TRY 42.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMART.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.41 | 3.30 % | |
| R2 | 42.91 | 2.12 % | ||
| R1 | 42.60 | 1.39 % | ||
| Current price: | 42.02 | |||
| Support | S1 | 41.61 | -0.98 % | |
| S2 | 41.30 | -1.71 % | ||
| S3 | 40.81 | -2.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.00 | 23.75 % | |
| R2 | 49.40 | 17.56 % | ||
| R1 | 47.30 | 12.57 % | ||
| Current price | 42.02 | |||
| Support | S1 | 41.50 | -1.24% | |
| S2 | 41.40 | -1.48% | ||
| S3 | 40.14 | -4.47% |
FAQ
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