Temapol Polimer Plastik Ve Insaat Sanayi Stock Forecast
Evaluation of Temapol Polimer Plastik Ve Insaat Sanayi stock downgraded after the last trading session.
(Updated on May 10, 2024)
The Temapol Polimer Plastik Ve Insaat Sanayi stock price fell by -2.15% on the last day (Friday, 10th May 2024) from TRY 97.60 to TRY 95.50. During the last trading day the stock fluctuated 4.01% from a day low at TRY 93.55 to a day high of TRY 97.30. The price has fallen in 6 of the last 10 days and is down by -3.49% for this period. Volume has increased on the last day by 5 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, 227 thousand shares were bought and sold for approximately TRY 21.72 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 91.98 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.02% during the next 3 months and, with a 90% probability hold a price between TRY 88.28 and TRY 123.39 at the end of this 3-month period.
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TMPOL.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Temapol Polimer Plastik Ve Insaat Sanayi 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 98.29 and TRY 102.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -19.41%. 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). 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 Temapol Polimer Plastik Ve Insaat Sanayi stock
Temapol Polimer Plastik Ve Insaat Sanayi finds support from accumulated volume at TRY 95.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 3.75 between high and low, or 4.01%. For the last week, the stock has had daily average volatility of 3.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TMPOL.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Temapol Polimer Plastik Ve Insaat Sanayi Ticaret A.S. to open at TRY 95.45, and during the day (based on 14 day Average True Range), to move between TRY 89.15 and TRY 101.85, which gives a possible trading interval of +/-TRY 6.35 (+/-6.65%) up or down from last closing price. If Temapol Polimer Plastik Ve Insaat Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 13.29% 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 95.30 (0.21%) than the resistance at TRY 99.25 (3.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Temapol Polimer Plastik Ve Insaat Sanayi Ticaret A.S. stock A Buy?
Temapol Polimer Plastik Ve Insaat Sanayi 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 Hold/Accumulate to a Sell candidate.
Current score: -1.634 Sell Candidate Downgraded
Predicted Opening Price for Temapol Polimer Plastik Ve Insaat Sanayi Ticaret A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 95.45 ( 0.0524%) | TRY 95.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TMPOL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.20 | 3.87 % | |
| R2 | 97.77 | 2.37 % | ||
| R1 | 96.88 | 1.45 % | ||
| Current price: | 95.50 | |||
| Support | S1 | 94.02 | -1.55 % | |
| S2 | 93.13 | -2.48 % | ||
| S3 | 91.70 | -3.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 115.00 | 20.42 % | |
| R2 | 101.20 | 5.97 % | ||
| R1 | 99.25 | 3.93 % | ||
| Current price | 95.50 | |||
| Support | S1 | 95.30 | -0.209% | |
| S2 | 92.85 | -2.77% | ||
| S3 | 92.00 | -3.66% |
FAQ
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