Senkron Güvenlik ve Iletisim Sistemleri Stock Forecast

Senkron Güvenlik ve Iletisim Sistemleri stock price up more than 10.00% on Wednesday
(Updated on Apr 24, 2024)

SNKRN.IS Signals & Forecast

The Senkron Güvenlik ve Iletisim Sistemleri stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 35.02 and TRY 38.67. A breakdown below any of these levels will issue sell signals. 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. 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 Tuesday, February 27, 2024, and so far it has fallen -19.45%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Senkron Güvenlik ve Iletisim Sistemleri stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 37.02 and TRY 35.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Senkron Güvenlik ve Iletisim Sistemleri finds support just below today's level at TRY 37.02. If this is broken, then the next support from accumulated volume will be at TRY 35.20 and TRY 32.00.

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 1.88 between high and low, or 4.90%. For the last week, the stock has had daily average volatility of 3.60%.

Our recommended stop-loss: TRY 37.97 (-5.70%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 37 days ago.)

Trading Expectations (SNKRN.IS) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Senkron Güvenlik ve Iletisim Sistemleri A.S. to open at TRY 39.63, and during the day (based on 14 day Average True Range), to move between TRY 38.23 and TRY 42.29, which gives a possible trading interval of +/-TRY 2.03 (+/-5.04%) 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 10.08% 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 37.02 (8.05%) than the resistance at TRY 46.82 (16.29%), 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?

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 Senkron Güvenlik ve Iletisim Sistemleri stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.780 Buy Candidate Upgraded

Predicted Opening Price for Senkron Güvenlik ve Iletisim Sistemleri A.S. of Thursday, April 25, 2024

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