Senkron Güvenlik ve Iletisim Sistemleri Stock Forecast
Senkron Güvenlik ve Iletisim Sistemleri stock downgraded to Strong Sell Candidate
(Updated on Jun 25, 2024)
The Senkron Güvenlik ve Iletisim Sistemleri stock price gained 0.261% on the last trading day (Tuesday, 25th Jun 2024), rising from TRY 45.94 to TRY 46.06. During the last trading day the stock fluctuated 0.261% from a day low at TRY 45.94 to a day high of TRY 46.06. The price has been going up and down for this period, and there has been a -0.69% loss for the last 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 53 thousand shares were bought and sold for approximately TRY 2.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 45.49 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.38% during the next 3 months and, with a 90% probability hold a price between TRY 61.13 and TRY 86.91 at the end of this 3-month period.
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SNKRN.IS Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Senkron Güvenlik ve Iletisim Sistemleri 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 47.20 and TRY 48.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -20.59%. 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).
Support, Risk & Stop-loss for Senkron Güvenlik ve Iletisim Sistemleri stock
Senkron Güvenlik ve Iletisim Sistemleri finds support from accumulated volume at TRY 45.04 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 0.120 between high and low, or 0.261%. For the last week, the stock has had daily average volatility of 5.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SNKRN.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Senkron Güvenlik ve Iletisim Sistemleri A.S. to open at TRY 46.02, and during the day (based on 14 day Average True Range), to move between TRY 43.66 and TRY 48.46, which gives a possible trading interval of +/-TRY 2.40 (+/-5.22%) up or down from last closing price. If Senkron Güvenlik ve Iletisim Sistemleri A.S. takes out the full calculated possible swing range there will be an estimated 10.44% 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 45.04 (2.21%) than the resistance at TRY 47.56 (3.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Senkron Güvenlik ve Iletisim Sistemleri A.S. stock A Buy?
The Senkron Güvenlik ve Iletisim Sistemleri stock holds several negative signals and despite the positive trend, we believe Senkron Güvenlik ve Iletisim Sistemleri will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.084 Strong Sell Candidate Downgraded
Predicted Opening Price for Senkron Güvenlik ve Iletisim Sistemleri A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 46.02 ( 0.0868%) | TRY 46.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNKRN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.14 | 0.174% |
| R2 | 46.09 | 0.0742% |
| R1 | 46.07 | 0.0127% |
| Price | 46.06 | |
| S1 | 45.97 | -0.186% |
| S2 | 45.95 | -0.248% |
| S3 | 45.90 | -0.347% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.75 | 12.35% |
| R2 | 51.00 | 10.73% |
| R1 | 47.56 | 3.26% |
| Price | 46.06 | |
| S1 | 45.04 | -2.21% |
| S2 | 44.28 | -3.86% |
| S3 | 43.34 | -5.91% |
FAQ
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