Trabzon Liman Isletmeciligi Anonim Stock Forecast
Weaker technical forecast for Trabzon Liman Isletmeciligi Anonim as stock downgraded to Strong Sell Candidate.
(Updated on Jun 25, 2024)
The Trabzon Liman Isletmeciligi Anonim stock price fell by -4.91% on the last day (Tuesday, 25th Jun 2024) from TRY 114.00 to TRY 108.40. During the last trading day the stock fluctuated 7.97% from a day low at TRY 107.90 to a day high of TRY 116.50. The price has risen in 6 of the last 10 days but is still down by -6.55% for this period. Volume has increased on the last day by 82 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 299 thousand shares were bought and sold for approximately TRY 32.39 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 -10.17% during the next 3 months and, with a 90% probability hold a price between TRY 88.27 and TRY 124.18 at the end of this 3-month period.
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TLMAN.IS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Trabzon Liman Isletmeciligi Anonim 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 114.27 and TRY 120.58. 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 06, 2024, and so far it has fallen -26.41%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Trabzon Liman Isletmeciligi Anonim stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 8.60 between high and low, or 7.97%. For the last week, the stock has had daily average volatility of 4.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TLMAN.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Trabzon Liman Isletmeciligi Anonim Sirketi to open at TRY 110.93, and during the day (based on 14 day Average True Range), to move between TRY 103.32 and TRY 113.48, which gives a possible trading interval of +/-TRY 5.08 (+/-4.68%) up or down from last closing price. If Trabzon Liman Isletmeciligi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 9.37% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 122.60, some TRY 14.20 (13.10%) from the current price of TRY 108.40, our system finds the risk reward not very attractive.
Is Trabzon Liman Isletmeciligi Anonim Sirketi stock A Buy?
Trabzon Liman Isletmeciligi Anonim holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -6.779 Strong Sell Candidate Downgraded
Predicted Opening Price for Trabzon Liman Isletmeciligi Anonim Sirketi of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 110.93 ( 2.34%) | TRY 108.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLMAN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 119.53 | 10.27% |
| R2 | 116.25 | 7.24% |
| R1 | 114.22 | 5.37% |
| Price | 108.40 | |
| S1 | 107.65 | -0.694% |
| S2 | 105.62 | -2.57% |
| S3 | 102.33 | -5.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 135.40 | 24.91% |
| R2 | 133.50 | 23.15% |
| R1 | 122.60 | 13.10% |
| Price | 108.40 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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